Common use of Security Interests in Personal and Mixed Property Clause in Contracts

Security Interests in Personal and Mixed Property. The Administrative Agent shall have received evidence satisfactory to it that the Loan Parties shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments (other than the stock certificates of the New Subsidiary which are to be delivered in accordance with Section 11 below), and made or caused to be made all such filings and recordings that may be necessary or, in the opinion of the Administrative Agent, desirable in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a valid and (upon such filing and recording) perfected first priority security interest in the entire personal and mixed property Collateral of the New Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Holding Corp), Credit Agreement (Smith & Wesson Holding Corp)

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Security Interests in Personal and Mixed Property. The Administrative Agent shall have received evidence satisfactory to it that the each Loan Parties Party shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments (other than the stock certificates of the New Subsidiary which are to be delivered in accordance with Section 11 below)instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (i), (ii) and (iii) below) that may be necessary or, in the opinion of the Administrative Agent, desirable in order to create in favor of the Administrative Agent, Agent for the benefit of the LendersSecured Creditors, a valid and (upon such filing and recording) perfected first priority First Priority security interest in the entire personal and mixed property Collateral of Collateral. Such actions shall include the New Subsidiary.following:

Appears in 1 contract

Samples: Possession Credit Agreement (Propex Inc.)

Security Interests in Personal and Mixed Property. The Administrative Agent shall have received evidence reasonably satisfactory to it that the each Loan Parties Party shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments (other than the stock certificates of the New Subsidiary which are to be delivered in accordance with Section 11 below)instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (iii), (iv) and (v) below) that may be necessary ornecessary, or in the reasonable opinion of the Administrative Agent, desirable in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a valid and (upon such filing and recording) perfected first priority First Priority security interest in the United States in the entire personal and mixed property Collateral of Collateral. Such actions shall include the New Subsidiary.following:

Appears in 1 contract

Samples: Credit Agreement (Grande Communications Holdings, Inc.)

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Security Interests in Personal and Mixed Property. The Administrative Agent shall have received evidence satisfactory to it that the each Loan Parties Party shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments (other than the stock certificates of the New Subsidiary which are to be delivered in accordance with Section 11 below)instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (ii), (iii) and (iv) below) that may be necessary or, in the opinion of the Administrative Agent, desirable in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a valid and (upon such filing and recording) perfected first priority First Priority security interest in the entire personal and mixed property Collateral of Collateral. Such actions shall include the New Subsidiary.following:

Appears in 1 contract

Samples: Credit Agreement (Brand Services)

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