Document ID: 15410

Text:
(ii) Collateral Documents. The First Lien Guaranty and Security Agreement or any other Loan Document that purports to create a Lien shall, for any reason, fail or cease to create a valid and perfected and, other than Permitted Prior Liens, first priority Lien in and upon any significant portion of the Collateral, except as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement; or

Named Entities:
7
12
Title

Tokenized Text:
(
ii
)
Collateral
Documents
.
The
First
Lien
Guaranty
and
Security
Agreement
or
any
other
Loan
Document
that
purports
to
create
a
Lien
shall
,
for
any
reason
,
fail
or
cease
to
create
a
valid
and
perfected
and
,
other
than
Permitted
Prior
Liens
,
first
priority
Lien
in
and
upon
any
significant
portion
of
the
Collateral
,
except
as
a
result
of
a
disposition
of
the
applicable
Collateral
in
a
transaction
permitted
under
this
Agreement
;
or