Validity, Perfection and Priority. Upon the proper filing in the locations identified in Schedule II hereto of UCC-1 Financing Statements naming the Debtor as debtor and the Secured Party as the Secured Party and identifying the Collateral, the security interests in the Collateral granted to the Secured Party hereunder will constitute valid and continuing perfected security interests in the Collateral to the extent a security interest can be perfected in such Collateral by filing of a UCC-1 Financing Statement in such locations, subject to Permitted Liens.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Fidelity Leasing Inc), Stock Purchase Agreement (Resource America Inc)