Common use of Perfection of Uncertificated Securities Collateral Clause in Contracts

Perfection of Uncertificated Securities Collateral. Each Pledgor represents and warrants that the Collateral Agent has a perfected first priority security interest in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereof.

Perfection of Uncertificated Securities Collateral. Each Pledgor represents and warrants that that, after the acceptance by the applicable filing office of the financing statements referred to in Section 2.2, subject to Permitted Liens, the Collateral Agent has will have a perfected first priority security interest in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereof.

Perfection of Uncertificated Securities Collateral. Each Pledgor represents and warrants that the Collateral Agent has a valid, enforceable, perfected first priority First Priority security interest (subject to Permitted Liens) in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereofhereof except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Perfection of Uncertificated Securities Collateral. Each The Pledgor represents and warrants that the Collateral Agent has a valid, enforceable, perfected first priority First Priority security interest (subject to Permitted Liens) in all uncertificated Pledged Securities Shares pledged by it hereunder that are in existence on the date hereofhereof except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Perfection of Uncertificated Securities Collateral. Each Pledgor represents and warrants that the Collateral Agent has a perfected first second priority security interest in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereof.date