Common use of Security and Administrative Priority Clause in Contracts

Security and Administrative Priority. 54 Section 4.01 Pre-Petition Obligations.............................. 54 Section 4.02 Acknowledgment of Security Interests.................. 54 Section 4.03 Binding Effect of Documents.........................

Security and Administrative Priority. 54 55 Section 4.01 Pre-Petition Obligations.............................. 54 .................................................55 Section 4.02 Acknowledgment of Security Interests.................. 54 .....................................55 Section 4.03 Binding Effect of Documents.......................................................................55 Section 4.04 Collateral; Grant of Lien and Security Interest..........................55 Section 4.05 Administrative Priority..................................................57 Section 4.06 Grants, Rights and Remedies..............................................57 Section 4.07 No Filings Required......................................................57 Section 4.08 Survival.................................................................57