Lien in Collateral. The Pledge Agreement creates a valid and perfected first priority Lien in the Collateral, subject only to Permitted Liens described in Section 6.05(a), and all filings and other actions necessary to perfect and protect such Lien have been taken.
Appears in 2 contracts
Sources: Credit Agreement (Aes Eastern Energy Lp), Credit Agreement (Aes Eastern Energy Lp)