Common use of Security Interest in Collateral Clause in Contracts

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, Agent (for the benefit of the Secured Parties, Lender Group and the Bank Product Providers ) and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third partiesParty, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of Agent (for the benefit of the Lender Group and the Bank Product Providers ), pursuant to any Requirement of Law or any applicable law agreement that is permitted hereunder and (b) Liens on personal Property perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderAgent, for the benefit of the Secured PartiesAgent and the Lenders, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted by Section 6.02, to the extent any such Permitted Encumbrances Lien would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderAdministrative Agent, for the benefit of the Secured Lender Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third partiesBorrower, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Administrative Agent, for the benefit of the Lender Parties, pursuant to any Requirement of Law or any applicable law agreement that is permitted hereunder and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, Administrative Agent (for the benefit of the Secured Parties, Holders) and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third partiesBorrower, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Administrative Agent (for the benefit of the Secured Holders), pursuant to any Requirement of Law or any applicable law agreement that is permitted hereunder and (b) Liens on personal Property perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third partiesParty, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law law, and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other applicable Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected (to the extent perfection is required under the applicable Loan Documents) and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens permitted by Section 6.02, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title)) or control, to the extent the Lender has not obtained or does not maintain possession or control of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderAdministrative Agent, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of for (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Administrative Agent pursuant to any applicable law and or (b) in the case of Liens perfected only by possession (including possession of any certificate of title), to the extent the Lender Administrative Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderAgent, for the benefit of the Secured PartiesAgent and the Lenders, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Collateral Documents create legal and valid Liens on all the Collateral in favor of the LenderAdministrative Agent, for the benefit of the Secured Parties, and upon taking all of the actions contemplated by the Collateral Documents, such Liens will constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and and, subject to provisions of the UCC, having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesPriority Liens, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law and (b) Liens perfected only by possession or control (including possession of any certificate of title), ) to the extent the Lender Administrative Agent has not obtained or does not maintain possession or control of such Collateral. (o) Section 5.05 of the Credit Agreement is hereby amended in its entirety as follows:

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderCollateral Agent, for the benefit of the Secured PartiesAgents and the Lenders, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral Collateral, but in the case of Liens securing the obligations outstanding under the Existing Credit Agreement, subject to the Intercreditor Agreement, except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Collateral Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Collateral Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of the Existing Credit Agreement, this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this the Security Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, Collateral Agent for the benefit of the Secured Parties, and at the Closing, such Liens will constitute perfected and continuing Liens on the Collateral, Collateral securing the Secured Obligations, enforceable against the applicable Loan Party Company and all third parties, and having priority over all other Liens on the Collateral Collateral, except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Collateral Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Lender Collateral Agent has not obtained or does not maintain possession of such Collateral, as provided in such Collateral Documents.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Collateral Documents create legal and valid Liens on all the Collateral in favor of the LenderCollateral Agent, for the benefit of the holders of Note Obligations and the other holders of the Secured PartiesObligations, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Note Obligations and the other Secured Obligations, enforceable against the applicable Loan Domestic Note Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesExisting Liens, to the extent any such Permitted Encumbrances Existing Liens would have priority over the Liens in favor of the Lender Collateral Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Collateral Agent has not obtained or does not maintain possession of such Collateral.”

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid perfected Liens on all the Collateral in favor of the LenderCollateral Agent, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Administrative Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Collateral Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal legal, valid and valid enforceable Liens on all the Collateral in favor of the LenderAgent, for the benefit of itself and the Secured PartiesLenders, and such Liens constitute perfected and continuing Requisite Priority Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Credit Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have (and are permitted to have) priority over the Liens in favor of the Lender Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender Agent has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third partiesparties in accordance with applicable law, and having priority over all other Liens on the Collateral except in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent the Lender has not obtained or does not maintain possession of such Collateral.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Lender, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party Borrower and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Lender pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title), ) to the extent the Lender has not obtained or does not maintain possession of such CollateralCollateral and such possession cannot be obtained or restored upon Lender’s request.

Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the LenderTerm Collateral Agent, for the benefit of the Secured PartiesParties and the holders of the Senior Secured Notes, and such Liens constitute (or, in case of real property, upon filing of the Mortgages as necessary will constitute) perfected and continuing Liens on the CollateralCollateral to the extent required to be perfected by the Collateral Documents, securing the Secured Obligations, enforceable against the applicable Loan Party Obligor and all third parties, and having priority over all other Liens on the Collateral except (a) in the case of (a) Permitted EncumbrancesLiens, to the extent any such Permitted Encumbrances Liens would have priority over the Liens in favor of the Lender Term Collateral Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title), to the extent otherwise provided by the Lender has not obtained or does not maintain possession of such CollateralIntercreditor Agreement.