Common use of Perfected Liens Clause in Contracts

Perfected Liens. (a) This Security Agreement is effective to create in favor of the Collateral Agent, for its benefit and for the benefit of the Secured Parties, legal, valid and enforceable Security Interests in the Collateral (provided that, with respect to the creation and perfection of Security Interests with respect to Indebtedness, Capital Stock and Stock Equivalents of Foreign Subsidiaries, only to the extent the creation and perfection thereof is governed by the Uniform Commercial Code), subject to the effects of bankruptcy, insolvency or similar laws affecting creditors’ rights generally, general equitable principles, and principles of good faith and fair dealing.

Perfected Liens. (a) This Security Agreement is effective to create in favor of the Collateral Agent, for its benefit and for the benefit of the Secured Parties, legal, valid and enforceable Security Interests in the Collateral (provided that, with respect to Collateral consisting of the creation and perfection of Security Equity Interests with respect to Indebtedness, Capital Stock and Stock Equivalents or Pledged Debt of Foreign Subsidiaries, only to the extent the creation and perfection thereof of such Security Interest is governed by the Uniform Commercial CodeUCC), subject to the effects of except as enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, generally and subject to general equitable principles, principles and principles of good faith and fair dealing.

Perfected Liens. (a) This Security Agreement is effective to create in favor of the Collateral Agent, for its benefit and for the benefit of the Secured Parties, legal, valid and enforceable Security Interests in the Collateral (provided that, with respect to the creation and perfection Collateral consisting of Security Interests with respect to Indebtedness, Capital Stock and Stock Equivalents of Foreign Subsidiaries, only Stock Equivalents issued by Foreign Subsidiaries and Indebtedness of Foreign Subsidiaries, to the extent the creation and perfection thereof enforceability of such Security Interest is governed by the Uniform Commercial CodeUCC), subject to the effects of bankruptcy, insolvency or similar laws affecting creditors’ rights generally, general equitable principles, and principles of good faith and fair dealing.