Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted Liens) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first priority (except for prior Permitted LiensLiens entitled to priority under applicable law) security interest in and lien Lien upon the Collateral. All filings, recordings, deliveries of instruments Instruments and other actions necessary or desirable in the opinion of the Agent to protect create and preserve perfect such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted Liens) lien and security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions reasonably necessary or desirable in the opinion of the Agent to protect and preserve such lien and security interests interest shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted LiensLiens entitled to priority under applicable law) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been been, or will be, duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)
Validity of Liens. The Security Documents shall be effective to -------- -- ----- create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted Liens) security interest in and lien upon the Collateral, subject only to Permitted Liens. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (Eastern Environmental Services Inc)
Validity of Liens. The Security Documents shall be were effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted LiensLiens entitled to priority under applicable law) security interest in and lien Lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been were duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.)
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted LiensLiens entitled to priority under applicable law) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.the
Appears in 1 contract
Samples: Credit Agreement (Ict Group Inc)
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted Liens) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first (except for prior Permitted Liens) security interest in and lien upon the Collateral, subject only to Permitted Liens. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (Eastern Environmental Services Inc)
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first priority (except for prior Permitted Liens) security interest in and lien upon the Collateral. All filings, recordings, deliveries of instruments and other actions reasonably necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effected. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Validity of Liens. The Security Documents shall be effective to create in favor of the Agent a legal, valid and enforceable first priority (except for prior Permitted LiensLiens entitled to priority under Applicable Law) security interest in and lien Lien upon the Collateral. All filings, recordings, deliveries of The Agent shall have received all documents and instruments necessary for the filings and recordings and other actions necessary or desirable in the opinion of the Agent to protect and preserve such security interests shall have been duly effectedinterests. The Agent shall have received evidence thereof in form and substance reasonably satisfactory to the Agent.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Century Aluminum Co)