Validity and Priority of Security Interest. Each Pledgor agrees that (a) the Security Interest shall at all times be valid, perfected and enforceable against such Pledgor and all third parties, in accordance with the terms hereof, as security for the Obligations, and (b) the Collateral shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity with or junior to such Security Interest.
Appears in 7 contracts
Samples: Credit Agreement (Altice USA, Inc.), Pledge Agreement (CSC Holdings LLC), Credit Agreement (Altice USA, Inc.)
Validity and Priority of Security Interest. Each The Pledgor agrees agrees, represents and warrants that (a) the Security Interest shall at all times be valid, perfected and enforceable against such the Pledgor and all third parties, in accordance with the terms hereof, as security for the Secured Obligations, and (b) the Collateral is not and shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity with or junior to such Security Interest.
Appears in 2 contracts
Samples: Security Agreement (Shelbourne Properties Ii Inc), Security Agreement (Shelbourne Properties Iii Inc)
Validity and Priority of Security Interest. Each Pledgor agrees that (a) the Security Interest shall at all times be valid, perfected and enforceable against such Pledgor and all third parties, in accordance with the terms hereof, as security for the Secured Obligations, and (b) the Collateral shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity with or junior to such Security Interest.
Appears in 2 contracts
Samples: Pledge Agreement (Cablevision Systems Corp /Ny), Pledge Agreement (Cablevision Systems Corp /Ny)
Validity and Priority of Security Interest. Each The Pledgor ------------------------------------------ agrees that (a) the Security Interest shall at all times be valid, perfected and enforceable against such the Pledgor and all third parties, in accordance with the terms hereof, as security for the Secured Obligations, and (b) that the Collateral shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity with or junior to such Security Interest.
Appears in 1 contract
Samples: Security Agreement (Tsi International Software LTD)
Validity and Priority of Security Interest. Each The Pledgor agrees that (a) the Security Interest shall at all times be valid, perfected and enforceable against such the Pledgor and all third parties, in accordance with the terms hereof, as security for the Secured Obligations, and (b) the Collateral shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity with or junior to such Security Interest.and
Appears in 1 contract
Validity and Priority of Security Interest. Each The Pledgor agrees agrees, represents and warrants that (a) the Security Interest shall at all times be valid, perfected and enforceable against such the Pledgor and all third parties, in accordance with the terms hereof, as security for the Secured Obligations, and (b) the Collateral is not and shall not at any time be subject to any Lien, other than a Permitted Lien, that is prior to, on a parity panty with or junior to such Security Interest.
Appears in 1 contract
