Common use of Collateral Documents Clause in Contracts

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 17 contracts

Sources: Credit Agreement (Griffin-American Healthcare REIT IV, Inc.), Credit Agreement (Griffin-American Healthcare REIT IV, Inc.), Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and first Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently and will remain perfected security interests and Liens, prior to all other Liens other than Permitted Liens. Each of the representations and warranties made by the Borrower and its Subsidiaries in the Collateral Documents is true and correct.

Appears in 9 contracts

Sources: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Canada Holdings Inc), Credit Agreement (Chattem Inc)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens which by operation of law or contract would have priority over the Liens securing the Obligations.

Appears in 7 contracts

Sources: Credit Agreement (Brookdale Senior Living Inc.), Credit Agreement (Brookdale Senior Living Inc.), Credit Agreement (Brookdale Senior Living Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 3 contracts

Sources: Credit Agreement (Maxim Group Inc /), Credit Agreement (Maxim Group Inc /), 364 Day Credit Agreement (Maxim Group Inc /)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently and will remain perfected security interests and Liens, prior to all other Liens other than Permitted Liens. Each of the representations and warranties made by the Borrower and its Subsidiaries in the Collateral Documents is true and correct in all material respects.

Appears in 2 contracts

Sources: Credit Agreement (Riddell Sports Inc), Credit Agreement (Varsity Spirit Corporation)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements in favor of the Lenders) perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 2 contracts

Sources: Credit Agreement (Phonetel Technologies Inc), Credit Agreement (Davel Communications Inc)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Modtech Holdings Inc)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, in the Collateral purported to be covered thereby, which security interests are and Liens are currently will remain perfected security interests and Liensinterests, prior to all other Liens other than Permitted Liens.Permitted

Appears in 1 contract

Sources: Credit Agreement (Chic by H I S Inc)

Collateral Documents. The Collateral Documents create valid -------------------- security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements in favor of the Lenders) perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Davel Communications Inc)

Collateral Documents. The Collateral Documents create continue to provide valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Dispatch Management Services Corp)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and LiensLiens (subject to the perfection exceptions set forth in the Collateral Documents), prior to all other Liens other than Permitted LiensLiens permitted pursuant to Section 7.01.

Appears in 1 contract

Sources: Credit Agreement (Radius Recycling, Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.Liens which by operation of law or contract would have priority over the Liens securing the Obligations. DAL:0535130/00080:1910701v7

Appears in 1 contract

Sources: Credit Agreement (Brookdale Senior Living Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or will be, upon the filing of appropriate financing statements in favor of NationsBank, as Collateral Agent for the Lenders) perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Davel Communications Inc)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted LiensLiens described in clauses (a) though (j) of Section 7.01.

Appears in 1 contract

Sources: Credit Agreement (Sabra Health Care REIT, Inc.)

Collateral Documents. The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or, upon delivery of Collateral to the Administrative Agent and/or when the appropriate filings or other actions required by applicable law have been filed or taken, will be) perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Adtalem Global Education Inc.)