Common use of Validity of Liens Clause in Contracts

Validity of Liens. The Security Documents shall be effective to create in favor of the Collateral Agent a legal, valid and enforceable first (except for Permitted Liens entitled to priority under applicable law) security interest in and lien upon the Collateral for the benefit of the Banks and the Noteholders, in accordance with the Intercreditor Agreement. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Collateral Agent to protect and preserve such security interests shall have been duly effected. The Collateral Agent shall have received evidence thereof in form and substance satisfactory to the Collateral Agent.

Validity of Liens. The Security Documents shall be effective to ----------------- create in favor of the Loan and Collateral Agent a legal, valid and enforceable first (except for Permitted Liens entitled to priority under applicable law) security interest in and lien upon the Collateral for the benefit of the Banks and the Noteholders, in accordance with the Intercreditor AgreementCollateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Loan and Collateral Agent to protect and preserve such security interests shall have been duly effected. The Loan and Collateral Agent shall have received evidence thereof in form and substance satisfactory to the Loan and Collateral Agent.

Validity of Liens. The Security Documents shall be effective to create in favor of the Collateral Agent Agent, for the benefit of the Lenders and the Agent, a legal, valid and enforceable first (except for Permitted Liens entitled to priority under applicable law) security interest in and lien upon the Collateral for the benefit of the Banks and the Noteholders, in accordance with the Intercreditor AgreementCollateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Collateral Agent to protect and preserve such security interests and its priority as a first lien and security interest shall have been duly effected. The Collateral Agent shall have received evidence thereof in form and substance satisfactory to the Collateral AgentAgent and the Lenders.

Validity of Liens. The Security Documents shall be effective to create in favor of the Collateral Agent for the benefit of the Lender a legal, valid and enforceable first (except for Permitted Liens entitled to priority under applicable law) security interest in and lien upon the Collateral for the benefit of the Banks and the Noteholders, in accordance with the Intercreditor AgreementCollateral. All filings, recordings, deliveries of instruments and other actions necessary or desirable in the opinion of the Collateral Agent Lender to protect and preserve such security interests shall have been duly effected. The Collateral Agent shall have received evidence thereof in form and substance satisfactory to the Collateral AgentAgent and the Lender.