Common use of Security Instruments Clause in Contracts

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument executed by the Borrower are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument executed by any Borrower or any Substitute Mortgagor are effective to create in favor of the LenderAgent or the Collateral Agent, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower such Person in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower such Person in the Collateral described thereintherein except for Permitted Liens.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower and/or the Co-Borrowers in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower and/or the Co-Borrowers in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the possession by the Lender of the certificates evidencing the Lafitte Membership Interests and the Borrower Membership Interests, and the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described thereinLiens.

Security Instruments. The provisions of each Security Instrument executed by each Borrower are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the each Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the each Borrower in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create (and create) in favor of the LenderObligee, a legal, valid, valid and enforceable Lien in all right, title, title and interest in the Collateral, which Liens constitute (or will constitute, in the case of the Borrower Mortgage, upon its registration in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute Juzgado de Minas de la Provincia de Catamarca) fully perfected first-first priority Liens on all right, title, title and interest of the Borrower applicable Obligated Parties in the Collateral described thereinCollateral, superior and prior to the rights of all third Persons, subject to no Liens other than as provided in the Security Instruments.

Security Instruments. The provisions of each Security Instrument -------------------- are effective to create in favor of the LenderLenders, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall shall, except for Permitted Liens, constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, Agent a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the possession by the Agent of the certificates evidencing the Lafitte Membership Interests and the Borrower Membership Interests, and the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described thereinLiens.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of Agent for the Lenderbenefit of Lenders, a legal, valid, valid and enforceable Lien in all right, title, title and interest of the Borrower Related Persons in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall Liens constitute fully perfected first-first priority Liens on all right, title, title and interest of the Borrower Related Persons in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the LenderAgent for the benefit of the Lenders, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower Borrowers in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other PersonsApplicable Laws, shall constitute fully perfected first-priority Liens (subject to Permitted Liens) on all right, title, and interest of the Borrower Borrowers in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument executed by the Borrower are effective to create in favor of the LenderAgent, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-first- priority Liens on all right, title, and interest of the Borrower in the Collateral described thereintherein subject only to the Permitted Liens.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens subject to Permitted Liens on all right, title, and interest of the Borrower in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create create, in favor or for the benefit of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower or the Guarantor, as the case may be, in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described thereinLiens.

Security Instruments. The provisions of each Security Instrument are executed by any Borrower is effective to create in favor of the LenderAgent, a legal, valid, and enforceable Lien in all right, title, and interest of the such Borrower in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the such Borrower in the Collateral described thereintherein except for Permitted Liens.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the Lender, a legal, valid, valid and enforceable Lien in all right, title, title and interest of the Borrower Borrowers in the Collateral described therein, which Liens, assuming the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, title and interest of the Borrower Borrowers in the Collateral described therein, subject to Permitted Liens.

Security Instruments. The provisions of each Security -------------------- Instrument are effective to create in favor of the Lender, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower Guarantor in the Collateral described therein, which Liens, assuming the accomplishment of recording possession of the Pledged Shares by the Lender and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens subject to Permitted Liens on all right, title, and interest of the Borrower Guarantor in the Collateral described therein.

Security Instruments. The provisions of each Security Instrument are effective to create in favor of the LenderCollateral Agent, a legal, valid, and enforceable Lien in all right, title, and interest of the Borrower in the Collateral described therein, which Liens, assuming the possession by the Collateral Agent of the certificates evidencing the Lafitte Membership Interest and the Borrower Membership Interests, and the accomplishment of recording and filing in accordance with applicable laws prior to the intervention of rights of other Persons, shall constitute fully perfected first-priority Liens on all right, title, and interest of the Borrower in the Collateral described thereinLiens.