Title, Perfection and Priority; Filing Collateral. Subject to the Legal Reservations, this Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in favor of the Agent for the benefit of the Secured Parties and, subject to the terms of the last paragraph of Section 4.01 of the Credit Agreement, Section 5.12 of the Credit Agreement and satisfaction of the Perfection Requirements, the Agent, for the benefit of the Secured Parties, will have a fully perfected Lien on such Collateral to the extent required hereby.
Title, Perfection and Priority; Filing Collateral. Subject to the Legal Reservations, this Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in favor of the Administrative Agent for the benefit of the Secured Parties and, subject to the terms of the last paragraph of Section 4.01 of the ABL Credit Agreement and Section 2.01(c) of this Security Agreement, the Administrative Agent will have a fully perfected First Priority security interest in the Collateral securing the Secured Obligations to the extent perfection in such Collateral is required by the Perfection Requirements upon taking all actions to perfect such Liens as in accordance with this Security Agreement and the Collateral and Guarantee Requirement.
Title, Perfection and Priority; Filing Collateral. This Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in which a security interest may be perfected by filing a financing statement under the UCC in favor of the Agent for the ratable benefit of the Secured Parties, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing, and when appropriate financing statements have been filed with the Secretary of State of the state of organization of such Grantor against such Grantor, the Agent will have a fully perfected First Priority Lien on such Collateral.
Title, Perfection and Priority; Filing Collateral. Such Grantor has good and valid rights in, title to, or the power to transfer the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens (other than Permitted Liens). Subject to the Legal Reservations, this Pledge Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in favor of the Collateral Agent for the benefit of the Secured Parties, subject to the satisfaction of the Perfection Requirements, the Collateral Agent will have a fully perfected first priority Lien on such Collateral securing the Obligations to the extent perfection can be achieved by the Perfection Requirements.
Title, Perfection and Priority; Filing Collateral. (a) Subject to the terms of the last paragraph of Section 4.01 of the Credit Agreement and the Legal Reservations, this Security Agreement creates a legal, valid and enforceable Lien on all of the Collateral in favor of the Agent for the benefit of itself and the other Secured Parties and, upon the satisfaction of the applicable Perfection Requirements, such Liens constitute perfected First Priority Liens (subject to Permitted Liens) on the Collateral (except to the extent Liens are not required to be perfected under the terms of the Loan Documents and limited to the actions described in the Perfection Requirements) securing the Secured Obligations, in each case as and to the extent set forth therein.
Title, Perfection and Priority; Filing Collateral. Each Grantor is the legal and beneficial owner of the Collateral of such Grantor, free and clear of any Lien except for (i) minor defects in title that do not materially interfere with its ability to conduct its business and (ii)
Title, Perfection and Priority; Filing Collateral. Subject to the Legal Reservations, this Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in favor of the Administrative Agent for the ratable benefit of the Secured Parties and, subject to satisfaction of the Perfection Requirements, thethe terms of the last paragraph of Section 4.01 and Section 5.12 of the ABL Credit Agreement and Section 2.01(c) of this Security Agreement, the Administrative Agent will have a fully perfected first priority Lien (subject to Permitted Liens) on such Xxxxxxxxxx.xxxxxxxx interest in the Collateral securing the Secured Obligations to the extent perfection in such Collateral is required by the Perfection Requirements upon taking all actions to perfect such Liens as in accordance with this Security Agreement and the Collateral and Guarantee Requirement.
Title, Perfection and Priority; Filing Collateral. (a) This Security Agreement creates a legal, valid and, subject to the Legal Reservations, enforceable Lien on all of the Collateral in favor of the Notes Collateral Agent for the benefit of itself and the other Secured Notes Secured Parties and, upon the satisfaction of the applicable Perfection Requirements subject, as of the Issue Date, to the terms of Section 4.01, such Liens constitute perfected First Priority Liens on the Collateral securing the Secured Notes Obligations, to the extent perfection may be accomplished by the taking of the actions described in the Perfection Requirements. (b) Each Grantor (i) is the owner of all of its Collateral free and clear from any Lien or other right, title or interest of any Person (other than a Permitted Lien and/or any such other right, title or interest that is permitted or not prohibited by the terms of the Indenture) or (ii) has the power to transfer rights in the Collateral to the Notes Collateral Agent. SECTION 3.02.
Title, Perfection and Priority; Filing Collateral. This Security Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in which a security interest may be perfected by filing a financing statement under the UCC in favor of the Collateral Trustee for the ratable benefit of the Secured Parties, subject, as to enforceability, to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and to general principles of equity and principles of good faith and dealing, and when appropriate financing statements have been filed with the Secretary of State of the state of organization of such Grantor against such Grantor, the Collateral Trustee will have a fully perfected second priority security interest (subject to Permitted Liens) on such Collateral.
Title, Perfection and Priority; Filing Collateral. This Agreement is effective to create a legal, valid and enforceable Lien on and security interest in the Collateral in which a security interest may be perfected by filing a financing statement under the UCC in favor of the Collateral Agent for the benefit of the Secured Parties, except, as to enforceability, as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability as well as principles of good faith and fair dealing, and upon the making of such filings and taking of such other actions required to be taken hereby or by the applicable Credit Documents (including the filing of appropriate financing statements with the office of the Secretary of State of the state of organization of each Grantor, in each case in favor of the Collateral Agent, for the benefit of the Secured Parties), the Collateral Agent will have a fully perfected First Priority Lien on such Collateral.
