Common use of Security Interests in Personal Property Clause in Contracts

Security Interests in Personal Property. Administrative Agent received evidence satisfactory to it that Company and each Sponsor had taken or had caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and 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) below) that were necessary or, in the opinion of Administrative Agent, desirable in order to create in favor of Administrative Agent, for the benefit of Lenders, a valid and (upon such filing and recording) perfected First Priority security interest in the entire personal property Collateral. Such actions included the following:

Security Interests in Personal Property. Administrative Agent shall have received evidence satisfactory to it that Company Borrower and each Sponsor had Subsidiary Guarantors shall have taken or had caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses clause (iiiii) below) that were may be necessary or, in the opinion of Administrative Agent, desirable in order to create in favor of Administrative Agent, for the benefit of Lenders, a valid and (upon such filing and recording) perfected First Priority security interest in the entire personal property Collateral. Such actions included shall include the following: