Common use of PERFECTION AND PRIORITY OF SECURITY INTEREST Clause in Contracts

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 Subject to Permitted Liens, this Agreement creates a valid and, upon completion of all required filings of financing statements with the appropriate government agenciesstatements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the ObligationsObligations to the extent such security interest can be perfected by the filing of financing statements.

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 agenciesstatements, perfected perfected, and first priority and exclusive exclusive, security interest in the Collateral, 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 agenciesstatements, perfected perfected, and first priority and exclusive exclusive, security interest in the Collateral, except for any Permitted Liens, securing the payment of all the Obligations, to the extent a perfected first priority lien can be created by filing a Uniform Commercial Code financing statement or taking the other Required Actions described in Section 5.9 below.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon completion of all required filings of financing statements with the appropriate government agenciesfinancial statements, perfected and, first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.