Valid Lien. This Agreement is effective to create a valid and continuing Lien upon the Collateral. All action by the Debtor necessary or desirable to protect and perfect such Lien on each item of the Collateral has been duly taken.
Appears in 3 contracts
Sources: Co Development and Commercialization Agreement, Co Development and Commercialization Agreement (Acucela Inc.), Co Development and Commercialization Agreement (Acucela Inc)
Valid Lien. This Agreement is effective to create a valid and continuing Lien upon the Collateral. All action by the Debtor Borrower necessary or desirable to protect and perfect such Lien on each item of the Collateral has been duly taken.
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement (InPlay Technologies, Inc.)