Common use of Security Documents Clause in Contracts

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, upon the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the Collateral, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the execution of control agreements with respect to deposit and securities accounts and the filing or recording of appropriate financing statements with the Secretary statements, Mortgage Instruments and notices of State grants of the state security interests in Intellectual Property, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in on behalf of the State of New York, with respected to certificated securitiesSecured Parties) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and grants of security in Intellectual Property, and the Secretary of State recordation of the state applicable Mortgage Instruments, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesAgent) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, such security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary of State recordation of the state applicable Mortgage Instruments, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in Agent, on behalf of the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary of State in favor of the state Administrative Agent, on behalf of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary of State in favor of the state Administrative Agent, on behalf of incorporation or organization for each the Lenders, and on the filing of appropriate termination statements with respect to Liens securing the obligations of the Credit Party and Parties under the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesExisting Credit Agreement) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, in the Collateral purported to be covered thereby. Except as set forth in the Security Documents, upon the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party which security interests are and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have will remain perfected security interests and Liens in the Collateralinterests, prior to all other Liens Liens, other than Permitted LiensLiens permitted under Section 6.02. Each of the representations and warranties made by the Borrower in the Security Documents to which it is a party is true and correct in all material respects.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary of State in favor of the state Administrative Agent, on behalf of incorporation or organization for each Credit Party the Lenders, and upon the Administrative Agent Agent, on behalf of the Lenders, obtaining control or possession Control (as defined in the State of New York, with respected to certificated securitiesSecurity Agreement) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have Control) perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary and grants of State security in Intellectual Property, in each case in favor of the state of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesAgent) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, such security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in applicable Agent, on behalf of the State of New York, with respected to certificated securitiesapplicable Secured Parties) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with in favor of First Union, as Agent for the Secretary of State of the state of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization for each Credit Party and the First Union, as Administrative Agent obtaining control or possession (in for the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted LiensLiens to the extent required by the Security Documents.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and grants of security in Intellectual Property, the Secretary execution of State appropriate control agreements and the recordation of the state applicable Mortgage Instruments, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in on behalf of the State of New York, with respected to certificated securitiesSecured Parties) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the execution of control agreements with respect to deposit and securities accounts and the filing or recording of appropriate financing statements with the Secretary and notices of State grants of the state security interests in Intellectual Property, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in on behalf of the State of New York, with respected to certificated securitiesSecured Parties) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with or the Secretary of State recordation of the state applicable Mortgage Instruments in favor of incorporation or organization First Union, as Collateral Agent for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable mortgage instruments in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesCollateral Agent) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization for each Credit Party and the Bank One, as Collateral Administrative Agent obtaining control or possession (in for the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization First Union, as Collateral Agent for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in Agent, on behalf of the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization for each Credit Party and the First Union, as Collateral Administrative Agent obtaining control or possession (in for the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, upon the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party such security interests and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have Lien are currently perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, such security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Instruments in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in applicable Agent, on behalf of the State of New York, with respected to certificated securitiesapplicable Secured Parties) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with and the Secretary of State recordation of the state applicable Mortgage Documents in each case in favor of incorporation or organization for each Credit Party and the Wachovia, as Administrative Agent obtaining control or possession (in for the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted LiensLiens to the extent required by the Security Documents.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with in favor of First Union, as Collateral Agent for the Secretary of State of the state of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the execution of the Control Agreement and the filing or recording of appropriate financing statements with the Secretary and notices of State grants of the state security interests in Intellectual Property, in each case in favor of incorporation or organization for each Credit Party and the Administrative Agent obtaining control or possession (in on behalf of the State of New York, with respected to certificated securitiesapplicable secured parties thereunder) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, upon the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party which security interests and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have Liens are currently perfected security interests and Liens in the Collateral, that are prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary of State in favor of the state Administrative Agent, on behalf of incorporation or organization for each Credit Party the Lenders, and upon the Administrative Agent Agent, on behalf of the Lenders, obtaining control Control (as defined in the Security Agreement) or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control Control or possession, the Administrative Agent shall have ) perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security DocumentsCollateral, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with the Secretary in favor of State of the state of incorporation or organization for each Credit Party and the First Union, as Administrative Agent obtaining control or possession (in for the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, such security interests and Liens are currently (or will be, upon (a) the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party Party, and (b) the Administrative Agent obtaining control or possession Control (as defined in the State of New York, with respected to certificated securitiesPledge Agreement) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have Control) perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements with or the Secretary of State recordation of the state applicable Mortgage Instruments in favor of incorporation or organization Wachovia, as Collateral Agent for each Credit Party and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securitiesLenders) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have perfected security interests and Liens in the CollateralLiens, prior to all other Liens other than Permitted Liens.

Security Documents. The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby. Except as set forth in the Security Documents, upon the filing of appropriate financing statements with the Secretary of State of the state of incorporation or organization for each Credit Party which security interests and the Administrative Agent obtaining control or possession (in the State of New York, with respected to certificated securities) over those items of Collateral in which a security interest is perfected through control or possession, the Administrative Agent shall have Liens are currently perfected security interests and Liens in the CollateralLiens, prior to all other Liens Liens, other than Permitted Liens.