Security of Borrower. Subject to the Security Documents, the Obligations are and shall continue to be secured by a first priority (subject only to Permitted Liens), perfected security interest in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Sources: Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)
Security of Borrower. Subject to the Security Documents, the Borrower hereby covenants that the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens), perfected security interest Liens entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Sources: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)
Security of Borrower. Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens), perfected security interest Liens permitted hereunder which are entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 2 contracts
Sources: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)
Security of Borrower. Subject to In accordance with the Security Documents, the Obligations are and shall continue to at all times be secured by a perfected first priority security interest (subject only to Permitted Liens), perfected security interest ) in the Collateral specified in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.
Appears in 1 contract
Sources: Term Loan Agreement (TAL International Group, Inc.)
Security of Borrower. Subject to the Security Documents, the The Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens), perfected security interest Liens entitled to priority under applicable law) in all of the Collateral specified in assets of the Security DocumentsBorrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.. Without limiting the generality of the foregoing, the Obligations shall be secured by the following:
Appears in 1 contract
Sources: Construction and Term Loan Agreement (Trailer Bridge Inc)
Security of Borrower. Subject to the Security Documents, the The Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens), perfected security interest Liens entitled to priority under applicable law) in the Collateral specified in the Security Documents, whether now owned or hereafter acquiredCollateral, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.
Appears in 1 contract