{"component": "clause", "props": {"groups": [{"snippet": "(a) Subject to the limitations set forth in this Agreement, the Security Interests granted pursuant to this Agreement (i) will constitute valid perfected security interests in the Collateral in favor of the Agent, for the benefit of the Secured Parties, as collateral security for the Secured Obligations, upon (A) in the case of Collateral in which a security interest may be perfected by filing a financing statement under the Uniform Commercial Code, the completion of the filing, registration and recording of financing statements naming each Grantor as \u201cdebtor\u201d and the Agent as \u201csecured party\u201d and describing the Collateral in the applicable filing offices, (B) in the case of Collateral that constitutes Pledged Debt (as defined in the Pledge Agreement) with a value in excess, individually, of $5,000,000, or Pledged Shares (as defined in the Pledge Agreement), in each case, the delivery thereof with transfer powers executed in blank to the Agent, (C) in the case of Deposit Accounts, the execution of Deposit Account Control Agreements, and/or (D) in the case of Registered Intellectual Property in which a security interest may be perfected by making such a filing, the completion of the filing, registration and recording of fully executed agreements in the form of the Intellectual Property Security Agreement set forth in Exhibit 2 hereto (x) in the United States Patent and Trademark Office and (y) in the United States Copyright Office, and (ii) subject to the terms of the Intercreditor Agreement, are prior to all other Liens on the Collateral other than Permitted Liens having priority over the Agent\u2019s Lien by operation of law or otherwise as permitted under the Credit Agreement (including Term Loan Liens). It being understood and agreed that the representation and warranty set forth in this Section 3.3(a) shall be qualified to the extent that any action required to grant, perfect or enforce a security interest in the applicable Collateral is not required under the terms of the Loan Documents.\n(b) It is understood and agreed that the Security Interests created hereby shall not prevent the Grantors from using the Collateral in the ordinary course of their respective businesses.", "size": 12, "samples": [{"hash": "f3Kvl1KGGLV", "uri": "/contracts/f3Kvl1KGGLV#perfected-security-interests", "label": "Amendment Agreement (Milacron Holdings Corp.)", "score": 26.4045181274, "published": true}], "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [41, 58]}, {"key": "security-interests-granted", "type": "clause", "offset": [64, 90]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [91, 117]}, {"key": "security-interests-in-the-collateral", "type": 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thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors\u2019 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 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) and (b) the execution of the Account Control Agreements, 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 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 Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.13).", "size": 38, "samples": [{"hash": "dFosvBqdaiq", "uri": "/contracts/dFosvBqdaiq#perfected-security-interests", "label": "Credit and Guaranty Agreement (Spirit Airlines, Inc.)", "score": 35.8993835449, "published": true}, {"hash": "jMiwJS2rocu", "uri": "/contracts/jMiwJS2rocu#perfected-security-interests", "label": "Credit and Guaranty Agreement (Spirit Airlines, Inc.)", "score": 34.0978775024, "published": true}, {"hash": "8bTbZCEzSHv", "uri": "/contracts/8bTbZCEzSHv#perfected-security-interests", "label": "Credit and Guaranty Agreement (Spirit Airlines, Inc.)", "score": 32.2087593079, "published": true}], "snippet_links": [{"key": "the-collateral-documents", "type": "clause", "offset": [0, 24]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [26, 42]}, {"key": "in-favor-of", "type": "definition", "offset": [68, 79]}, {"key": "the-collateral-agent", "type": "clause", "offset": [80, 100]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [110, 140]}, {"key": "valid-and-enforceable-security-interest", "type": "clause", "offset": [151, 190]}, {"key": "to-the-extent", "type": "clause", "offset": [216, 229]}, {"key": "similar-laws", "type": "definition", "offset": [366, 378]}, {"key": "rights-generally", "type": "clause", "offset": [400, 416]}, {"key": "general-principles", "type": "clause", "offset": [432, 450]}, {"key": "with-respect-to", "type": "clause", "offset": [532, 547]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [563, 585]}, {"key": "financing-statements", "type": "definition", "offset": [607, 627]}, {"key": "appropriate-form", "type": "definition", "offset": [631, 647]}, {"key": "appropriate-fees", "type": "definition", "offset": [694, 710]}, {"key": "the-execution", "type": "clause", "offset": [729, 742]}, {"key": "account-control-agreements", "type": "clause", "offset": [750, 776]}, {"key": "first-priority-perfected-security-interest", "type": "clause", "offset": [853, 895]}, {"key": "the-liens", "type": "clause", "offset": [978, 987]}, {"key": "the-actions", "type": "clause", "offset": [1079, 1090]}, {"key": "in-clauses", "type": "clause", "offset": [1101, 1111]}, {"key": "each-case", "type": "definition", "offset": [1142, 1151]}, {"key": "permitted-liens", "type": "definition", "offset": [1160, 1175]}, {"key": "such-security", "type": "definition", "offset": [1181, 1194]}, {"key": "the-benefits", "type": "clause", "offset": [1219, 1231]}, {"key": "rights-and-protections", "type": "clause", "offset": [1233, 1255]}, {"key": "documents-applicable", "type": "clause", "offset": [1286, 1306]}, {"key": "subject-to-the", "type": "clause", "offset": [1316, 1330]}], "hash": "098f5e2882c04fdc1d60e6ab3291896f", "id": 2}, {"snippet": "The Collateral Documents, taken as a whole, subject to, in the case of any Non-U.S. Loan Party, the Legal Reservations, the Perfection Requirements and the Guaranty and Security Principles are effective to create in favor of the Collateral Agent or the Local Collateral Agents, as applicable, 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\u2019 rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or in law. At such time as (i) UCC financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid) and (ii) the other requirements of the Collateral Documents have been taken as and when required therein (including applicable Intellectual Property filings in the United States Patent and Trademark Office and the United States Copyright Office or any filings required under the Collateral Documents with respect to Intellectual Property outside of the United States) and subject to Section 4.03 herein, the Collateral Agent or the Local Collateral Agent, as applicable, for the benefit of the Secured Parties, shall have a perfected security interest under the UCC and any similar or equivalent laws of any other jurisdiction required in the Collateral Documents in that portion of such Collateral to the extent that the Liens thereon may be perfected upon the taking of the actions described in clauses (i) and (ii) above, subject in each case only to Permitted Liens, and such security interest is (x) entitled to the benefits, rights and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.12) and (y) of such priority as provided in the Junior Lien Intercreditor Agreement if applicable. Notwithstanding the foregoing, nothing in this Agreement or any other Collateral Documents shall require any Borrower or any of its Subsidiaries to (i) register or apply to register any intellectual property or (ii) enter into any source code escrow arrangement.", "size": 22, "samples": [{"hash": "lhZVkbPHsaE", "uri": "/contracts/lhZVkbPHsaE#perfected-security-interests", "label": "Credit Agreement (Wheels Up Experience Inc.)", "score": 37.4134140015, "published": true}, {"hash": "khIe1gW7UKY", "uri": "/contracts/khIe1gW7UKY#perfected-security-interests", "label": "Credit Agreement (Wheels Up Experience Inc.)", "score": 35.86926651, "published": true}, {"hash": "iwhXkPsup6F", "uri": "/contracts/iwhXkPsup6F#perfected-security-interests", "label": "Credit Agreement (Wheels Up Experience Inc.)", "score": 34.8726882935, "published": true}], "snippet_links": [{"key": "the-collateral-documents", "type": "clause", "offset": [0, 24]}, {"key": "taken-as-a-whole", "type": "clause", "offset": 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can be perfected on or before the date hereof by execution and delivery of the Account Control Agreement. Subject to any Intercreditor Agreement and any Other Intercreditor Agreement, the security interests granted to the Collateral Agent for the benefit of the Secured Parties pursuant to the SGR Security Agreement in and to the Collateral described therein constitute and hereafter at all times shall constitute a perfected security interest therein superior and prior to the rights of all other Persons therein (subject, in the case of priority only, only to Permitted Liens) to the extent such perfection and priority can be obtained by filings under the UCC and by the execution and delivery of the Account Control Agreement, and the Collateral Agent is entitled with respect to such perfected security interest to all the rights, priorities and benefits afforded by the UCC to perfected security interests.", "size": 20, "samples": [{"hash": "3xPb0rhhHGB", "uri": "/contracts/3xPb0rhhHGB#perfected-security-interests", "label": "Credit and Guaranty Agreement (American Airlines, Inc.)", "score": 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