Common use of The Security Documents Clause in Contracts

The Security Documents. (a) The provisions of the Security Agreement are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the respective Credit Parties in the Collateral described therein and the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected Lien on, and security interest in, all right, title and interest of the respective Credit Parties, in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of the Security Agreement in the United States Patent and Trademark Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective, under federal and state law, to perfect the security interest granted to the Collateral Agent in the trademarks and patents covered by the Security Agreement and the filing of the Security Agreement with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective under federal and state law to perfect the security interest granted to the Collateral Agent in the copyrights covered by the Security Agreement. Each of the Credit Parties party to the Security Agreement has good and merchantable title to all Collateral described therein, free and clear of all Liens except those described above in this clause (a).

Appears in 7 contracts

Samples: And Assumption Agreement (Vantas Inc), Credit Agreement (Ubiquitel Inc), Credit Agreement (Reckson Services Industries Inc)

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The Security Documents. (a) The provisions of the Security Agreement Agreements are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the respective Credit Parties in the Collateral described therein therein, and the Collateral AgentSecurity Agreements, for the benefit of the Secured Creditorstogether with any required public filings, has create a fully perfected Lien first lien on, and security interest in, all right, title and interest of the respective Credit Parties, in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of the Security Agreement Agreements in the United States Patent and Trademark Office Office, together with filings on Form UCC-1 made pursuant to the such Security Agreement will be effectiveAgreements, under federal and state law, are effective to perfect the security interest granted to the Collateral Agent in the trademarks and patents covered by the such Security Agreement Agreements and the filing of the such Security Agreement Agreements with the United States Copyright Office Office, together with filings on Form UCC-1 made pursuant to the such Security Agreement will be Agreements, are effective under federal and state law to perfect the security interest granted to the Collateral Agent in the copyrights covered by the such Security AgreementAgreements. Each of the Credit Parties party to the a Security Agreement has good and merchantable title to all Collateral described therein, free and clear of all Liens except those described above in this clause (a).

Appears in 1 contract

Samples: Credit Agreement (Service Merchandise Co Inc)

The Security Documents. (a) The provisions of the Security Agreement Documents (other than the Pledge Agreements) are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the respective Credit Parties in the Collateral described therein and the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected Lien on, and security interest in, all right, title and interest of the respective Credit Parties, in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of the Security Agreement in the United States Patent and Trademark Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective, under federal and state law, to perfect the security interest granted to the Collateral Agent in the trademarks and patents covered by the Security Agreement and the filing of the Security Agreement with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective under federal and state law to perfect the security interest granted to the Collateral Agent in the copyrights covered by the Security Agreement. Each of the Credit Parties party to the Security Agreement has good and merchantable title to all Collateral described therein, free and clear of all Liens except those described above in this clause (a).

Appears in 1 contract

Samples: Credit Agreement (Golden Sky Systems Inc)

The Security Documents. (a) The provisions of the Security Agreement Documents are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the respective Credit Parties in the Collateral described therein and the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected Lien first lien on, and security interest in, all right, title and interest of the respective Credit Parties, in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of the Security Agreement Agreements in the United States Patent and Trademark Office together with filings on Form UCC-1 made pursuant to the such Security Agreement will Agreements were effective (and continue to be effective), under federal and state law, to perfect the security interest granted to the Collateral Agent in the trademarks and patents covered by the such Security Agreement Agreements and the filing of the such Security Agreement Agreements with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the such Security Agreement will Agreements were effective (and continue to be effective effective) under federal and state law to perfect the security interest granted to the Collateral Agent in the copyrights covered by the such Security AgreementAgreements. Each of the Credit Parties party to the a Security Agreement has good and merchantable valid title to all Collateral described therein, free and clear of all Liens except those described above in this clause (a)permitted under Section 9.01.

Appears in 1 contract

Samples: Credit Agreement (Staff Leasing Inc)

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The Security Documents. (a) The provisions of the Security ---------------------- Agreement are effective to create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable security interest in all right, title and interest of the respective Credit Parties in the Collateral described therein and the Collateral Agent, for the benefit of the Secured Creditors, has a fully perfected Lien on, and security interest in, all right, title and interest of the respective Credit Parties, in all of the Collateral described therein, subject to no other Liens other than Permitted Liens. The recordation of the Security Agreement in the United States Patent and Trademark Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective, under federal and state law, to perfect the security interest granted to the Collateral Agent in the trademarks and patents patents, if any, covered by the Security Agreement and the filing of the Security Agreement with the United States Copyright Office together with filings on Form UCC-1 made pursuant to the Security Agreement will be effective under federal and state law to perfect the security interest granted to the Collateral Agent in the copyrights covered by the Security Agreement. Each of the Credit Parties party to the Security Agreement has good and merchantable title to all Collateral described therein, free and clear of all Liens except those described above in this clause (a).

Appears in 1 contract

Samples: Credit Agreement (Physician Health Corp)

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