PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.
PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements with the appropriate government agencies, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.
PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, and, subject to Permitted Liens and, in the Additional Collateral, the senior lien of Silicon Valley Bank securing the payment of all the Obligations.
PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority security interest in the Collateral, securing the payment of all the Obligations, to the extent such a security interest can be perfected by the filing of such financing statements.
PERFECTION AND PRIORITY OF SECURITY INTEREST. Other than as set forth in the Information Certificate, no Loan Party nor any Designated Affiliate has entered into or granted any security agreements, or permitted the filing or attachment of any security interests on or affecting any of their respective assets, including the Collateral, directly or indirectly that would have priority or in any way be superior to Lender’s security interests and rights in and to the Collateral. Each of the Loan Parties and Designated Affiliates has (a) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (b) good and marketable title to (in the case of all other real or personal property), all of their respective assets. All of such assets are free and clear of liens except for liens permitted pursuant to this Agreement. Each Loan Party and Designated Affiliate owns, is licensed to use or otherwise has the right to use, all intellectual property that is material to the condition (financial or other), business or operations of such Loan Party (such intellectual property, the “Material Intellectual Property”). All Material Intellectual Property owned or licensed by any Loan Party or Designated Affiliate is issued, registered or pending with any Governmental Authority is set forth on the Information Certificate. Each Loan Party and Designated Affiliate conducts its business without material infringement or claim of material infringement of any intellectual property rights of others and there is no material infringement or claim of material infringement by others of any Material Intellectual Property rights of any Loan Party or Designated Affiliate.
PERFECTION AND PRIORITY OF SECURITY INTEREST. Servicer shall take all action within its power and authority as Servicer to ensure that all appropriate financing statements have been filed in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect and maintain the priority of the security interest granted to the Indenture Trustee under the Indenture in the Transferred Receivables.
PERFECTION AND PRIORITY OF SECURITY INTEREST. The Borrower has not knowingly taken any action which would prevent this Agreement from creating a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral (other than Permitted Liens), securing the payment of all the Obligations.
PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, constituting Equipment, to the extent a security interest can be perfected by such filing, securing the payment of all Obligations subject only to Permitted Liens. This Agreement creates a valid and, upon completion of the recordation of the Leasehold Deed of Trust, a perfected first priority security interest in the Collateral constituting the Lease, to the extent a security interest can be perfected by such recording, securing the payment of all the Obligations subject only to Permitted Liens.
PERFECTION AND PRIORITY OF SECURITY INTEREST. The Member agrees to take all actions as required by the Bank (1) to perfect, or to enable the Bank to perfect, its security interest in the Collateral, including without limitation, authorizing the filing of financing statements, cooperating with the Bank to ensure that the Bank obtains control of the Collateral, and delivering the Collateral to the Bank or its designee, and (2) to ensure that the Bank has a first priority security interest in Eligible Collateral. To the extent the Bank has filed a financing statement prior to the date of this Agreement, the Member hereby acknowledges, ratifies, confirms, and authorizes such filing.
PERFECTION AND PRIORITY OF SECURITY INTEREST. Upon properly filing the UCC statements, this Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.
