Common use of Security Interests and Liens Clause in Contracts

Security Interests and Liens. ‌ The Security Documents create, as security for the Secured Obligations, valid and enforceable perfected first priority Liens on all of the Collateral, in favor of Buyer, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating to such Liens in favor of Buyer have been duly effected or taken.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

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Security Interests and Liens. The Security Documents create, as security for the Secured Obligations, valid and enforceable perfected first priority Liens on all of the Collateral, in favor of Buyer, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating to such Liens in favor of Buyer have been duly effected or taken.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

Security Interests and Liens. The Security Documents create, as security for the Secured Obligations, valid and enforceable perfected first priority Liens on all of the Collateral, in favor of BuyerCompany, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating to such Liens in favor of Buyer Company have been duly effected or taken.

Appears in 1 contract

Samples: Construction Coordination Agreement

Security Interests and Liens. The Security Documents create, as security for the Secured Obligations, a valid and enforceable perfected first priority Liens on security interest in all of the Collateral, in favor of Buyerthe Collateral Agent, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating necessary or desirable to perfect such Liens in favor of Buyer security interest have been duly effected or taken.

Appears in 1 contract

Samples: Construction and Term Loan Agreement (NRG Generating U S Inc)

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Security Interests and Liens. The Security Documents create, as security for the Secured Obligations, valid and enforceable perfected first priority Liens on all of the Collateral, Collateral purported to be covered thereby in favor of BuyerAgent for the ratable benefit of Secured Parties, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating , which Liens (other than Permitted Prior Liens) are junior to such Liens in favor of Buyer Agent. All Governmental Approvals necessary or desirable to perfect such Liens have been duly effected or taken.

Appears in 1 contract

Samples: Note Purchase Agreement (Nevada Geothermal Power Inc)

Security Interests and Liens. The Security Documents create, as security for the Secured Obligations, valid and enforceable perfected first priority Liens on all of the Collateral, in favor of Buyerthe Agent for the ratable benefit of the Secured Parties, subject to no Liens other than the Permitted Liens. All Necessary Governmental Approvals relating necessary or desirable to perfect such Liens in favor of Buyer have been duly effected or taken.

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Cleco Power LLC)

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