Common use of Perfected Security Interests Clause in Contracts

Perfected Security Interests. This Mortgage is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Collateral, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), and (b) the appropriate filings with the FAA (including filing for recordation of this Mortgage and any future supplement thereto) and registrations with the International Registry, as applicable, are made, the Collateral Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a) and (b) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Loan Papers applicable thereto (subject to the qualification set forth in the first sentence of this paragraph).

Perfected Security Interests. This Mortgage is The Collateral Documents, taken as a whole, are effective to create in favor of the Master Collateral Agent, Agent for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the CollateralCollateral as of the Closing Date, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), (b) the execution of Account Control Agreements, and (bc) the appropriate filings with the FAA (including filing for recordation of this Mortgage United States Patent and any future supplement thereto) and registrations with the International Registry, as applicable, Trademark Office are made, the Master Collateral Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a), (b) and (bc) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Loan Papers Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this paragraphSection 3.15).

Perfected Security Interests. This Mortgage is Each Credit Facility Document comprising the Security delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favor favour of the Collateral Agent, Agent for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral described therein to the extent purported intended to be created therebythereby and required to be perfected therein under the Credit Facility Documents. In the case of the pledges of Equity Interests described in the Security Documents, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect when certificates representing such Equity Interests are delivered to the CollateralCollateral Agent, at such time as (a) and in the case of the other Collateral described in the Security Documents that may be perfected by filing, when financing statements and other filings in appropriate form are filed in the appropriate offices (and of the appropriate fees Official Body (which, with respect to filings to be made on the Closing Date, are paidspecified on Schedule 12), and (b) the appropriate filings with Liens created by the FAA (including filing for recordation of this Mortgage and any future supplement thereto) and registrations with the International Registry, as applicable, are made, the Collateral Agent, for the benefit of the Secured Parties, Security Documents shall have a constitute fully perfected first priority perfected Liens on, and security interest and/or mortgage interests in (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may intended to be created thereby and required to be perfected upon under the filings, registrations or recordations or upon the taking of the actions described in clauses (a) Credit Facility Documents and (b) above, subject in each case only to Permitted Liens) all rights, title and interest of the MDA Parties or the MDA Pledgors in such Collateral, as security interest is entitled to for the benefitsObligations, rights in each case free and protections afforded under the Loan Papers applicable thereto (subject to the qualification set forth in the first sentence clear of this paragraph)any Liens other than Permitted Liens.

Perfected Security Interests. This Mortgage is On and after the date of the Initial Loan, the Collateral Documents, taken as a whole, are effective to create in favor of the Collateral Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the CollateralInitial Collateral as of the date of the initial Loan, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), ) and (b) the appropriate filings with the FAA (including filing for recordation of this Mortgage and any future supplement theretoother conditions set forth in Section 4.02(d) and registrations with the International Registry, as applicable, are madehave been satisfied, the Collateral Administrative Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations filings or recordations or upon the taking of the actions described in clauses (a) and (b) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Loan Papers Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this paragraphSection 3.13).