Perfection of Lien. This Security Agreement creates a valid security interest in the Collateral, subject only to Permitted Liens, securing the payment of the Borrower's Obligations and all actions necessary to perfect such security interest have been duly taken.
Perfection of Lien. Upon (i) the filing of all UCC financing statements naming such Loan Party as “debtor” and Lender as “secured party” and describing the Collateral in the filing offices set forth opposite such Loan Party’s name on Schedule 6.1 (d) hereof (as such schedule may be amended or supplemented from time to time) and other filings delivered by Borrower, and (ii) notation of Lender’s first priority lien on motor vehicle certificates of title with respect to any Purchased Title Vehicle, the security interests granted to Lender hereunder constitute valid and perfected first priority Liens on all of the Collateral.
Perfection of Lien. The Secured Parties may but are not required to file financing statements (and at the appropriate time continuation statements) in appropriate filing offices (including the State of Utah, Department of Commerce, Division of Corporations and Commercial Code; the Delaware Secretary of State; and/or the United States Patent & Trademark Office) as the Secured Parties deem necessary or appropriate to perfect the Lien. Accordingly, VidAngel hereby irrevocably authorizes Secured Parties at any time and from time to time to file in any filing office in the State of Utah and/or the State of Delaware and/or any other Uniform Commercial Code jurisdiction (and/or any other relevant filing office) any initial financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of VidAngel or words of similar effect, regardless of whether any particular asset comprised as part of the Collateral falls within the scope of the Uniform Commercial Code of such jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail; and (b) provide any other information required by the Uniform Commercial Code or by such other jurisdiction for the sufficiency or filing office acceptance of any financing statement or any amendment thereto. Notwithstanding anything in this Security Agreement to the contrary, the Debtor shall not be obligated to enter into any deposit account control agreements in favor of Secured Parties, or to give Secured Parties control of its deposit accounts by agreement or otherwise.
Perfection of Lien. The Company has taken or caused to be taken all actions necessary to establish the Bank's Lien in the Collateral as a valid, enforceable and perfected Lien, first and prior to all other Liens except Liens permitted under the Loan Agreement.
Perfection of Lien. The Company has taken with respect to the Initial Collateral, or will have taken at the date of delivery of all of the Eligible Collateral delivered pursuant hereto, all actions necessary so that the Bank shall have a valid first and prior perfected security interest in and to, and a general first lien upon, such Collateral subject to no other lien or encumbrance.
Perfection of Lien. The PUD’s lien for Assessments is created by recordation of these Covenants, which constitutes record notice and perfection of the lien. No other recordation of a lien or notice of lien is required. However, the PUD, at its option, may cause a notice of the lien to be recorded in the Xxxxxx County real property records. If the debt is cured after a notice has been recorded, the PUD will record a release of the notice at the expense of the curing Owner.
Perfection of Lien. The Borrower shall take all action that may be necessary or desirable, or that the Lender may request, so as at all times to maintain the validity, perfection, enforceability and priority of the Lender's Lien in the Collateral or to enable the Lender to protect, exercise or enforce its rights hereunder and in the Collateral, including, but not limited to (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) obtaining landlords' or mortgagees' lien waivers, (iii) delivering to the Lender, endorsed or accompanied by such instruments of assignment as the Lender may specify, and stamping or marking, in such manner as the Lender may specify, any and all chattel paper, instruments, letters of credits and advances thereof and documents evidencing or forming a part of the Collateral, (iv) entering into warehouse, lockbox and other custodial arrangements satisfactory to the Lender, and (v) executing and delivering financing
Perfection of Lien. This Security Agreement creates a legal, valid and enforceable security interest in the Collateral under the Uniform Commercial Code of New York (the "UCC") securing the payment of the Obligations and all actions necessary to perfect such security interest have been duly taken. The security interest constitutes a fully- perfected first priority security interest in, and lien on, the Collateral, prior to all other Liens and rights of others therein.
Perfection of Lien. The Litigation Trust (and the Litigation Trustee) agrees from time to time, at the expense of the Litigation Trust, promptly to execute and deliver all further instruments and documents, and to take all further actions, that may be necessary or desirable, or that the Prepetition Credit Agreement Agent or Reorganized FairPoint, as applicable, may reasonably request, to perfect, protect or more fully evidence the security interest, Lien, pledge, collateral assignment and right of setoff granted under Section 13.1 of this Agreement, or to enable the holders of Allowed Prepetition Credit Agreement Claims or the Prepetition Credit Agreement Agent or Reorganized FairPoint, as applicable, to exercise and enforce their respective rights and remedies under this Agreement. The Litigation Trust (and the Litigation Trustee) authorizes the Prepetition Credit Agreement Agent or Reorganized FairPoint, as applicable, to file financing or continuation statements, and amendments thereto and assignments thereof, relating to the Litigation Trust Funds Collateral.
Perfection of Lien. The rights and powers granted to the Collateral Agent by the Secured Parties have been granted in order to perfect its Lien in the New York Accounts and the security entitlements, financial assets and amounts carried therein or credited thereto, are powers coupled with an interest and will not be affected by the bankruptcy of the Borrower, the bankruptcy of Apex Metals or the lapse of time. Without limiting the intent of the parties that the New York Accounts be treated and maintained as securities accounts and the funds on deposit therein be treated as financial assets, in the event that any of the New York Accounts is deemed to be a deposit account then the following provisions shall apply with respect to such New York Accounts: (i) each such New York Account will be treated as a “deposit account” (within the meaning of Section 9-102(a)(29) of the UCC); (ii) the Securities Intermediary agrees to act as a “bank” (within the meaning of 9-102(a) of the UCC) with respect to such New York Accounts that are “deposit accounts” and credit balances therein not constituting financial assets credited thereto; (iii) the Collateral Agent will be treated as the “customer” (within the meaning of Section 4-104(e) of the UCC) with respect to such Accounts that are “deposit accounts”; (iv) the Collateral Agent shall have “control” (within the meaning of Section 9-104(a) of the UCC) of the New York Accounts that are “deposit accounts”; and (v) the Securities Intermediary will not have any rights of set-off or other Lien in respect of such New York Accounts or the credit balance therein and the Collateral Agent, for the benefit of the Secured Parties, shall have a Lien on such New York Accounts and the credit balances therein. The Securities Intermediary hereby agrees that it will comply with instructions with respect to the New York Accounts originated by the Collateral Agent without further consent by the Borrower, Apex Metals or any other Person.
