Common use of Security of Borrower Clause in Contracts

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets of the Borrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents.

Security of Borrower. The Obligations shall be secured by a perfected -------------------- first priority security interest (subject only to Permitted LiensLiens entitled to priority under applicable law) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets of the Borrower which are the subject of the Security DocumentsBorrower, whether now owned or hereafter acquired, pursuant to the terms of the Security DocumentsDocuments to which the Borrower is a party.

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Administrative Agent, Agent on behalf of the Secured Parties, Lenders in all of the assets of the Borrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security DocumentsDocuments to which the Borrower is a party.

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted LiensLiens entitled to priority under applicable law) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets of the Borrower which are the subject of the Security Documentsand its Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security DocumentsDocuments to which the Borrower is a party.

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Administrative Agent, on behalf of the Secured PartiesLenders, in all of the assets of the Borrower Borrower, whether now owned or hereafter acquired, which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents.

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted LiensLiens entitled to priority under applicable law or other liens which are or have been consented to by the Agent and the Majority Banks) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets Collateral owned by the Borrower, including all capital stock of the Borrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents.the

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted LiensLiens entitled to priority under applicable law) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets of the Borrower which are the subject of the Security DocumentsBorrowers other than Real Estate, whether now owned or hereafter acquired, pursuant to the terms of the Security DocumentsDocuments to which each of the Borrowers are party. Notwithstanding the foregoing, upon request by the Agent to the Borrowers, the Agent may further secure the Obligations by receiving from the Borrowers a perfected first priority security interest in any or all of the Real Estate.

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Administrative Agent, Agent on behalf of the Secured Parties, Lenders in all of the assets of the Borrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents.

Security of Borrower. The Obligations shall be are secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Administrative Agent, on behalf of the Secured PartiesLenders, in all of the assets of the Borrower Borrower, whether now owned or hereafter acquired, which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents.