Creation of Lien. This Security Agreement creates a valid first priority Lien in the Collateral, securing Grantor’s performance and payment of its Obligations under the Transactional Documents, including, without limitation, performance of the City Purpose Covenant, and all actions necessary or desirable to protect such Lien have been duly taken.
Appears in 8 contracts
Samples: Security Agreement, Purpose Security Agreement, Purpose Security Agreement
Creation of Lien. This Security Agreement creates a valid first priority Lien security interest in the Collateral, securing Grantor’s performance and payment of its Obligations under the Transactional Documents, including, without limitation, performance of the City Purpose Covenant, and all actions necessary or desirable to protect such Lien security interest have been duly taken.
Appears in 3 contracts
Samples: Public Purpose Security Agreement, Public Purpose Security Agreement, Public Purpose Security Agreement
