Common use of Perfected First Priority Liens Clause in Contracts

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the Lender, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereof.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute valid, perfected (subject to the filing of financing statements pursuant to Section 7.3) security interests in all of the Collateral in favor of the LenderIndenture Trustee, for the benefit of the Secured Parties, as collateral security for the Secured Guarantor Obligations and Obligations, enforceable in accordance with the terms hereof and (b) are prior to all other Liens on the Collateral in existence on the date hereofhereof except for Liens permitted by the Indenture.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute valid perfected security interests in all of the Collateral in favor of the LenderCollateral Agent, for the ratable benefit of the Secured Parties, as collateral security for such Grantor’s Obligations, enforceable in accordance with the Secured Obligations terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor and (b) are prior to all other Liens on the Collateral in existence on the date hereofhereof except for Liens not prohibited by the Indenture.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the LenderTrustee, as collateral security for the Secured Obligations (other than Collateral exclusively subject to a certificate of title statute and listed on Schedule A hereto), and (b) are prior to all other Liens on the Collateral in existence on the date hereof, other than Permitted Liens.

Perfected First Priority Liens. The security interests granted ------------------------------ pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the LenderBank, as collateral security for the Secured Obligations and (b) are prior to all other Liens liens on the Collateral in existence on the date hereof.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute valid perfected security interests in all of the Collateral in favor of the LenderAdministrative Agent, for the ratable benefit of the Lenders, as collateral security for the Secured Obligations Obligations, enforceable in accordance with the terms hereof against all creditors of the Company and any Persons purporting to purchase any Collateral from the Company and (b) are prior to all other Liens on the Collateral in existence on the date hereofhereof except for Permitted Liens for which priority is accorded under applicable law.

Perfected First Priority Liens. The security interests ------------------------------ granted pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the LenderTrustee, as collateral security for the Secured Obligations Obligations, and (b) are prior to all other Liens on the Collateral in existence on the date hereof, other than Permitted Liens.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the Lender, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereofhereof except as set forth on SCHEDULE V to the Credit Agreement.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) shall constitute valid and duly perfected security interests in the Collateral in favor of the Lender, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereofliens other than Permitted Encumbrances.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the actions specified in Schedule 3.2, constitute perfected security interests in the Collateral in favor of the LenderCollateral Agent, for the ratable benefit of the Lenders, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereof.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute first priority perfected security interests in the Collateral in favor of the LenderAgent, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereofObligations.

Perfected First Priority Liens. (a) The security interests Security Interests granted pursuant to this Agreement (a) constitute perfected valid and enforceable security interests in all of the Collateral in favor of the LenderAdministrative Agent, for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereofObligations.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) constitute perfected security interests in the Collateral in favor of the LenderAgent for the benefit of the Lenders of the Secured Obligations, as collateral security for the Secured Obligations and (b) are prior to all other Liens on the Collateral in existence on the date hereof.