Priority and Security. The Administrative Agent, for the benefit of the Secured Parties, shall have a valid and perfected lien on and security interest in the Collateral (subject to Liens permitted under Section 8.2), with the priorities as set forth in Section 4.18.
Appears in 2 contracts
Sources: Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Pliant Corp), Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Greenville Tube CO)
Priority and Security. The Administrative Agent, for the benefit of the Secured Parties, Agent shall have a valid and perfected lien on and security interest in the Collateral (subject to Liens permitted under Section 8.2), with the priorities as set forth in Section 4.184.19.
Appears in 1 contract
Sources: Secured Super Priority Debtor in Possession Revolving Credit Agreement (Kasper a S L LTD)