Common use of Perfected Security Interests Clause in Contracts

Perfected Security Interests. The Collateral Documents, taken as a whole, are effective to create in favor of the Master Collateral Agent for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Collateral as of the Closing Date, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), (b) the execution of Account Control Agreements, and (c) the appropriate filings with the United States Patent and Trademark Office are made, the Master Collateral Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a), (b) and (c) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.15).

Perfected Security Interests. The Collateral Documents, taken as a whole, are This Mortgage is effective to create in favor of the Master Collateral Agent Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Collateral as of the Closing DateCollateral, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), and (b) the execution of Account Control Agreements, and (c) the appropriate filings with the United States Patent FAA (including filing for recordation of this Mortgage and Trademark Office any future supplement thereto) and registrations with the International Registry, as applicable, are made, the Master Collateral Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a), (b) and (cb) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Collateral Documents Loan Papers applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.15paragraph).

Perfected Security Interests. The On and after the date of the Initial Loan, the Collateral Documents, taken as a whole, are effective to create in favor of the Master Collateral Agent Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Initial Collateral as of the Closing Datedate of the initial Loan, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid), ) and (b) the execution of Account Control Agreements, and (cother conditions set forth in Section 4.02(d) the appropriate filings with the United States Patent and Trademark Office are madehave been satisfied, the Master Collateral Administrative Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations filings or recordations or upon the taking of the actions described in clauses (a), (b) and (cb) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.153.13).

Perfected Security Interests. The Collateral DocumentsEach Credit Facility Document comprising the Security delivered pursuant to this Agreement will, taken as a wholeupon execution and delivery thereof, are be effective to create in favor favour of the Master Collateral Agent for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral described therein to the extent purported intended to be created therebythereby and required to be perfected therein under the Credit Facility Documents. In the case of the pledges of Equity Interests described in the Security Documents, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect when certificates representing such Equity Interests are delivered to the Collateral as Agent, and in the case of the Closing Dateother Collateral described in the Security Documents that may be perfected by filing, at such time as (a) when financing statements and other filings in appropriate form are filed in the appropriate offices (and of the appropriate fees Official Body (which, with respect to filings to be made on the Closing Date, are paidspecified on Schedule 12), (b) the execution of Account Control AgreementsLiens created by the Security Documents shall constitute fully perfected first priority Liens on, and security interests in (c) the appropriate filings with the United States Patent and Trademark Office are made, the Master Collateral Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may intended to be created thereby and required to be perfected upon under the filings, registrations or recordations or upon the taking of the actions described in clauses (a), (b) Credit Facility Documents and (c) above, subject in each case only to Permitted Liens) all rights, title and interest of the MDA Parties or the MDA Pledgors in such Collateral, as security interest is entitled to for the benefitsObligations, rights in each case free and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence clear of this Section 3.15)any Liens other than Permitted Liens.