Common use of Validity of Security Interest Clause in Contracts

Validity of Security Interest. The security interest of such Grantor constitutes a legal, valid and enforceable first priority (except as to any Permitted Liens) security interest in all of the Collateral of such Grantor, securing the payment and performance of the Secured Obligations.

Appears in 9 contracts

Sources: Pledge and Security Agreement (Eastern Co), Pledge and Security Agreement (Purple Innovation, Inc.), Pledge and Security Agreement (Lemaitre Vascular Inc)

Validity of Security Interest. The security interest Security Interest of such Grantor constitutes a legal, valid and enforceable first priority (except as to any Permitted Liens) security interest in all of the Collateral of such Grantor, securing the payment and performance of the Secured Obligations.

Appears in 2 contracts

Sources: Pledge and Security Agreement (American Dental Partners Inc), Credit Agreement (American Dental Partners Inc)

Validity of Security Interest. The security interest of such Grantor constitutes a legal, valid and enforceable first priority (except as to any Permitted Liens) security interest in all of the Collateral of such Grantor, securing the payment and performance of the Secured Obligations.

Appears in 1 contract

Sources: Credit Support Agreement (Clean Energy Fuels Corp.)

Validity of Security Interest. The security interest Security Interest of such Grantor constitutes a legal, valid and enforceable first priority (except as to any Permitted LiensLiens permitted by Section 9.3(a) of the Credit Agreement) security interest in all of the Collateral of such Grantor, securing the payment and performance of the Secured Obligations.

Appears in 1 contract

Sources: Credit Agreement (American Dental Partners Inc)

Validity of Security Interest. The security interest of such Grantor constitutes a legal, valid and enforceable first priority (except as to any Permitted LiensLiens that are prior by operation of applicable law) security interest in all of the Collateral of such Grantor, securing the payment and performance of the Secured Obligations.

Appears in 1 contract

Sources: Pledge and Security Agreement (Preferred Apartment Communities Inc)