Common use of Security Documents Clause in Contracts

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral AgentAgent and for so long as the Collateral Agent remains in possession of such Collateral, the security interest created by the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, in all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create creates in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute and proceeds thereof and constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder Loan Parties party thereto, as applicable, in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and), and when the Collateral is delivered to the Collateral Agent, Agent the Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) ), and, in the case of the Domestic Pledge Agreement, when the such Collateral is delivered to the Collateral Agent, the Agent such Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Lender a legal, valid and enforceable security interest in the Collateral collateral (as defined in the such Pledge Agreement) and, when the Collateral such collateral is delivered to the Collateral AgentLender and for so long as the Lender continues to hold such collateral, the such Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateralcollateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesBanks, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to requirements of Section 4 of the Collateral AgentPledge and Security Agreement have been satisfied, the Pledge and Security Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create creates in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesAgent and the Lenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) andCollateral, when the Collateral is delivered to the Collateral Agent, and the Pledge Agreement shall constitute constitutes the creation of a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder Borrowers and the other Loan Parties in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesBanks, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in and the Lien granted pursuant to the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge and Security Agreement shall constitute constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Prior to the Release Date, the Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent or the Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in and the Lien granted pursuant to the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge and Security Agreement shall constitute constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, Agent for its benefit and the ratable benefit of the Secured Parties, a Parties legal, valid and enforceable security interest interests in the Securities Collateral (as defined in the Pledge Agreement) and, when the such Securities Collateral is delivered to the Collateral AgentAgent or appropriate financing statements are filed, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Securities Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each of the Pledge Agreement and the Xxxxx Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesBanks, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in and the Pledge Agreement) and, when the Collateral is delivered Lien granted pursuant to the Collateral Agent, the Pledge Agreement shall constitute and the Xxxxx Pledge Agreement constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is ------------------- effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Agent a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) andtherein), when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute and constitutes a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personthe Collateral (as defined therein).

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when for so long as the Collateral is delivered Agent continues to the Collateral Agenthold such Collateral, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is Agreements are effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge AgreementAgreements) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement Agreements shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create and continue in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, and the Pledge Agreement shall constitute constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Agent a legal, valid and enforceable security interest in the Collateral (as defined in the applicable Pledge Agreement) and, when the such Collateral is delivered to the Collateral AgentAgent pursuant to such Pledge Agreement, the each Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson (subject only to any exceptions expressly permitted by such Pledge Agreement).

Security Documents. (a) The Pledge Agreement is ------------------ effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral AgentAgent and for so long as the Collateral Agent continues to hold such Collateral, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (ai) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge AgreementAgreements) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Agent a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, Agent for its benefit and the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest interests in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien Liens on, and security interest interests in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior Collateral to the extent such Liens and superior in right to any other personsecurity interests can be perfected by possession.

Security Documents. (a) The Pledge Agreement is Agreements are effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in the Pledge AgreementAgreements) and, when the such Collateral is delivered to the Collateral Administrative Agent, together with stock powers duly executed in blank, the Pledge Agreement Agreements shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral AgentAgent or financing statements are filed (covering certificated securities), the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully duly perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person, except as expressly provided in Section 6.02(p).

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and), and when the Collateral is delivered to the Collateral Agent, Agent the Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such the Collateral, in each case prior and superior in right to any other person.

Security Documents. (ai) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral AgentSecured Parties (as defined in the Pledge Agreement), the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Senior Secured Parties, a legal, valid and enforceable security interest in the Collateral Collat eral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is ------------------ effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.the

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and the proceeds thereof and, when the Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The 3. Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) ), and, in the case of the Domestic Pledge Agreement, when the such Collateral is delivered to the Collateral Agent, the Agent such Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first first-priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement), and when any certificates evidencing the Pledged Securities (as defined in the Pledge Agreement) and, when the Collateral is are delivered to the Collateral Agent, Agent the Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesLenders and other secured parties named therein, a legal, valid and enforceable security interest in that portion of the Collateral (as defined in the Pledge Agreement) described therein and proceeds thereof and, when the such Collateral is delivered to the Collateral Agent, the such Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is ------------------ effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) A. The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson, except as otherwise recited in such Agreement.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral AgentAgent or financing statements are filed (covering certificated securities), the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (ai) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Each Pledge Agreement is effective to ------------------ create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) and, when the respective Collateral is delivered to the Collateral Agent, the each Pledge Agreement shall will constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Subject to the provisions of Section 9.17, each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) and), and when the such Collateral is delivered to the Collateral Agent, the Agent such Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, and the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest interests in, all right, title and interest of the pledgors thereunder in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create creates ------------------- in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute and proceeds thereof and constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder Loan Parties party thereto, as applicable, in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is Agreement, when executed and delivered by the parties thereto, will be effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest interests in the Collateral (as defined in the Pledge Agreement) and), and when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall will constitute a fully perfected first priority Lien on, Liens on and security interest in, interests in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully duly perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and proceeds thereof and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Each of the Pledge Agreement Agreements is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge AgreementAgreements) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement Agreements shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement and each Non-U.S. Pledge Agreement is effective to create in favor of the Collateral Agent, Agent for its benefit and the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement or Non-U.S. Pledge Agreement, as applicable) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such CollateralCollateral to the extent such Lien can be perfected by possession, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral AgentAgent with endorsements in blank, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a1) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured PartiesLender Group, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral Pledged Stock is delivered to the Collateral AgentAgent in accordance with the terms of the Pledge Agreement, the Pledge Agreement shall will constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors applicable pledgor thereunder in such CollateralPledged Stock, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is will, when executed and delivered, be effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Agent a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) andtherein), and when the Collateral is delivered to the Collateral Agent, Agent or the appropriate filings are made under the Uniform Commercial Code the Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in and to such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, Agent for its benefit and the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest interests in the Securities Collateral (as defined in the Pledge Agreementtherein) and, when the such Securities Collateral is delivered to the Collateral AgentAgent together with stock powers or endorsements in blank, the Pledge Agreement Collateral Agent shall constitute have a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Securities Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is and the Homebase Pledge and Guarantee Agreement are effective to create in favor of the Collateral Agent, Agent for its benefit and the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest interests in the Securities Collateral (as defined in the Pledge Agreementapplicable agreement) and, when the such Securities Collateral is delivered to the Collateral Agent, the Pledge Agreement Collateral Agent shall constitute have a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Securities Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is ------------------- effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, Agents for their benefit and the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest interests in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien Liens on, and security interest interests in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior Collateral to the extent such Liens and superior in right to any other personsecurity interests can be perfected by possession.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when assuming the Collateral is has been delivered to the Collateral Agent, the Pledge Agreement shall constitute constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (ai) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured PartiesLender Group, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesCreditors (as defined in the Intercreditor Agreement), a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof, and such security interest is perfected. The representations and warranties made by the Pledgor (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, are true and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personcorrect.

Security Documents. (a) The Pledge Agreement is effective to ------------------ create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute create a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (aA) The Pledge Agreement is effective to upon execution and delivery by the parties thereto, will create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Lender a legal, valid and enforceable security interest in the Collateral (as such term is defined in the Pledge Agreement) and, when the such Collateral consisting of corporate stock is delivered to the Collateral AgentLender together with duly executed, undated instruments of transfer, the Pledge Agreement shall and the Lien created thereunder will constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully duly perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person, other than with respect to Liens expressly permitted by Section 6.02.

Security Documents. (a) The Pledge Agreement is ------------------- effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the portion of the Collateral constituting certificated securities (as defined in the Uniform Commercial Code) is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Pledge Agreement, together with the Collateral is delivered to the Collateral AgentAgent pursuant thereto, the Pledge Agreement shall constitute 66 72 constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Senior Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, in all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesLenders, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in and the Lien granted pursuant to the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge and Security Agreement shall constitute constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The To the extent the Pledge ------------------ Agreement has been entered into, it is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the such Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to (and continue to remain in the possession of) the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create creates in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesPar- ties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute and proceeds thereof and constitutes a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder Borrower or the Guarantors party thereto, as applicable, in such CollateralCollateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Each Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the such Pledge Agreement) and), and when the such Collateral is delivered to the Collateral Agent, the Agent such Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors each pledgor thereunder in such Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Each of the Pledge Agreement and the Xxxxx Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured PartiesBanks, a legal, valid and enforceable security interest in the Pledged Collateral (as defined in the Pledge Agreement) described therein and, when the Collateral is delivered to the Collateral Agentrequirements of Section 4 of each have been satisfied, the Pledge Agreement each shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgor or pledgors thereunder in such CollateralPledged Collateral and the proceeds thereof, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is certificates representing the Pledged Securities (as defined in the Pledge Agreement) are delivered to the Collateral Administrative Agent, the Pledge Agreement shall will constitute a fully perfected first priority Lien on, on and security interest in, in all right, title and interest of the pledgors thereunder in such the Collateral, in each case prior and superior in right to any other person.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.interest

Security Documents. (a) The provisions of the Pledge Agreement is are effective to create in favor of the Collateral Agent, Agent for the ratable benefit of the Secured Parties, Creditors a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder Credit Parties in such Collateralthe Pledge Agreement Collateral described therein, and the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected security interest in each case prior all right, title and superior interest in right all of the Pledge Agreement Collateral described therein to any the extent required thereunder, subject to no other personLiens other than Permitted Liens created by operation of law.

Security Documents. (a) The Pledge Agreement is ------------------- effective to create in favor of the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Administrative Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other personPerson.

Security Documents. (a) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the such Collateral is delivered to the Collateral Agent, the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person.shall

Security Documents. (ai) The Pledge Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, Lender a legal, valid and enforceable security interest in the Collateral (as defined in the Pledge Agreement) and, when the and for long as such Collateral is delivered to and held by the Collateral AgentLender, the Pledge Agreement shall constitute a fully perfected first first-priority Lien on, and security interest in, all right, title and interest of the pledgors pledgor thereunder in such Collateral, in each case prior and superior in right Collateral to any other person.the extent a security interest therein can be perfected by possession pursuant to the Uniform