Common use of Validity and Priority of Security Interest Clause in Contracts

Validity and Priority of Security Interest. The provisions of this Agreement, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Mortgage(s), and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) ), and (i) k), of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and and, upon the filing of Uniform Commercial Code financing statements in the appropriate governmental filing offices, such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses Collateral (aother than Permitted Liens), (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Loan Parties and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Mortgage(s), and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the LendersLender's favor, and when all proper filings, recordings, and other actions necessary to perfect such Liens have been made or taken, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for those the Permitted Liens identified in clauses (a), (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, SECTION 7.4 and enforceable against the Obligated Parties and Borrower and, to the extent permitted by applicable law, all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral (except for those Liens identified described in clauses clause (a), (c), (d), or (e), (g), (h) and (ij) of the definition of Permitted Liens Liens, securing all the Obligations, and enforceable against the Obligated Parties Loan Party and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (b), (c), (d), (ef), (g), (h), (i), (k) and (il) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrowers and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Mortgage(s), and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral (except for those Liens identified in clauses (a), (c), (d), (e), (gi), (h) j), (k), (l), and (in) of the definition of Permitted Liens securing all the Obligations, ) and enforceable against the Obligated Parties Borrower and its Subsidiaries and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and and, when the Mortgages have been recorded in the places indicated in SCHEDULE 9.2, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, Collateral except for those the Permitted Liens identified in clauses (a)SECTION 7.4, (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties each Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the LendersLender's favor, and when all proper filings, recordings, assignments and other actions necessary to perfect such Liens have been made or taken in the appropriate jurisdictions, such Liens will constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the CollateralCollateral except Permitted Liens, except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) and (i) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) and (ie) and certain of the Liens identified in clause (m) (to the extent provided in the Intercreditor Agreement) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrowers and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Security Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Administrative Agent, for the ratable benefit of the Administrative Agent and the Lenders, and such Liens Liens, subject to the need for any applicable filings, constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), CLAUSES (c), (d), (e), (g), (h) and (ie) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Obligated Parties Borrowers and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Mortgages, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Permitted Liens identified in clauses (a), excluding Liens permitted under CLAUSE (c), (d), (e), (g), (h) and (iF) of the definition of Permitted Liens Liens) securing all the Obligations, and enforceable against the Obligated Parties Borrowers and all third parties.