Common use of Validity of Security Documents Clause in Contracts

Validity of Security Documents. each of the Security Documents will, on the Closing Date, be effective to grant valid security over the property expressed to be subject to the security interest it purports to create, subject only to the matters referred to in the legal opinions of ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ Kraft & ▇▇▇▇ to be delivered to the Bank on the Closing Date;

Validity of Security Documents. each of the Security Documents will, on the Closing Date, be effective to grant valid security over the property expressed to be subject to the security interest it purports to create, subject only to the matters referred to in the legal opinions of ▇▇▇▇ Bar & ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ Kraft & ▇▇▇▇ to be delivered to the Bank on the Closing Date;