Common use of Validity and Priority of Security Interest Clause in Contracts

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a) and (d) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral DocumentsMortgage(s), and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, and such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a) c), (d), (e), (g), (h), and (d) k), of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party the Borrower and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Administrative Agent, for the ratable benefit of the Administrative Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, and such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a), (b), (c), (d), (f), (g), (h), (i), (k) and (dl) of the definition of Permitted Liens securing all the Secured Obligations, and enforceable against each the Loan Party Parties and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, and such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except to the extent provided in the Additional Debt Intercreditor Agreement and except for those Liens identified in clauses (a), (c), (d), (e), (g), (h) and (di) of the definition of Permitted Liens securing all the Obligations, and enforceable against each the Loan Party Parties and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan other Secured Parties, and such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (ac), (d) and (de) and certain of the Liens identified in clause (m) (to the extent provided in the Intercreditor Agreement) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party the Borrowers and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, Agreement and the other Loan Documents to which it is a party create legal and valid Liens on all the Collateral relating to such Loan Party in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, and such Liens shall constitute perfected and continuing Liens on all the such Collateral, having priority over all other Liens on the Collateralsuch Collateral (except Liens described in subsections (d), except for those Liens identified in clauses (ag) and (dj) of the definition of "Permitted Liens Liens") securing all the Obligations, and enforceable against each the such Loan Party and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, and such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (ac), (d) and (de) and certain of the Liens identified in clause (m) (to the extent provided in the Intercreditor Agreement) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party the Borrowers and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a) ), (c), and (d) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan PartiesBorrowers, such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses CLAUSES (a) C), (D), and (dE) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party and all third partiesparties and except as provided under the Intercreditor Agreement.

Validity and Priority of Security Interest. The provisions of this ------------------------------------------ Agreement, the Collateral DocumentsSecurity Agreements, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable financing statements against the Loan Parties, such Liens shall constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (a) c), (d), and (de) of the definition of Permitted Liens securing all the Obligations, and enforceable against each Loan Party and all third parties.

Validity and Priority of Security Interest. The provisions of this Agreement, the Collateral Documents, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and, upon the filing of all applicable appropriate financing statements against statement amendments in the Loan Partiesappropriate jurisdictions, such Liens shall constitute perfected and continuing Liens on all the CollateralCollateral with respect to which perfection can be accomplished by the filing of financing statements, having priority over all other Liens on the applicable Collateral, except for those Liens identified in clauses (a) and (d) of the definition of Permitted Liens and the other Liens permitted pursuant to Section 7.15, securing all the Secured Obligations, and enforceable against each Loan Credit Party and all third parties.