Common use of Perfected First Priority Liens Clause in Contracts

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral General Administrative Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral General Administrative Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 78.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Scheduleschedule, have been delivered to the Collateral Administrative Agent in completed and and, where applicable, duly executed form) will constitute valid perfected security interests in all of the Collateral (excluding items 3(c) and 3(k)) in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 3.3(a) (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Agent Lender in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral AgentLender, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's ’s Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic except as provided by applicable law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens expressly permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 73.3(b).

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) ), will constitute valid perfected security interests in all of the Collateral subject hereto on the date hereof in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law Grantor, and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Term Loan Agreement and the Revolving Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 78.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral (to the extent perfection of a security interest in such Collateral can be obtained by such filings and other actions) in favor of the Collateral Administrative Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon Upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) ), the security interests granted pursuant to this Agreement will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof hereof, except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and law, (ii) Liens described on Schedule 7with respect to the Pledged Stock, the Lien created by this Agreement, and (iii) with respect to Collateral other than the Pledged Stock, other Permitted Liens.

Perfected First Priority Liens. The security interests granted ------------------------------ pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents ---------- referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Administrative Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens and other Liens or permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7law.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) ), will constitute valid perfected security interests in all of the Collateral subject hereto on the date hereof in favor of the Collateral Administrative Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law Grantor, and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Term Loan Agreement and the Revolving Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 78.

Perfected First Priority Liens. The Except with respect to assets which in the aggregate do not have a value exceeding $200,000, the security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed formform (other than the blocked account agreements)) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Administrative Agent, for the ratable benefit of the Lenders, as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 78.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and and, if applicable, duly executed form) ), will constitute valid perfected security interests in all of the Collateral subject hereto on the date hereof in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's ’s Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law Grantor, and (b) are prior to all other Liens on the Collateral in existence on the date hereof hereof, except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Administrative Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral (other than Vehicles) in favor of the Collateral Administrative Agent, for the ratable benefit of the LendersSecured Parties, as collateral security for such Grantor's ’s Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in existence on the date hereof except for (i) unrecorded Liens permitted by the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 76.

Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Collateral Agent in completed and duly executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Collateral Agent, for the ratable benefit of the LendersLenders and the PBGC (in accordance with the terms hereof), as collateral security for such Grantor's Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor to the extent such liens can be perfected under domestic law and (b) are prior to all other Liens on the Collateral in 15 12 existence on the date hereof except for Liens (iin the case of Collateral other than Pledged Securities) unrecorded Liens permitted by subsection 7.3 of the Credit Agreement which have priority over the Liens on the Collateral by operation of law and (ii) Liens described on Schedule 7Agreement.