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Collateral Documents. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby; or

Collateral Documents. Any Collateral Document after delivery thereof pursuant to [[Section 6.1 or 8.12]2]] shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case(subject to Permitted Liens) on any material portion of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby; or

Collateral Documents. Any Collateral Document after delivery thereof pursuant to [Section 6.1 or 8.12]2] shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case(subject to Permitted Liens) on any material portion of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby; or

Collateral Documents. Any Collateral Document after delivery thereof pursuant to [[Section 4.01, 6.13 or 6.16]6]6]]6] shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby; except to the extent that any such loss of perfection or priority results from the failure of the Administrative Agent to # maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents, # file initial Uniform Commercial Code financing statements or continuation statements or other equivalent filings or # take any other action reasonably directed by the Company to create and maintain the validity, perfection or priority of the Lien thereof (and the Company shall pay all costs and expenses incurred in connection with any such action); or # Subordination. (i) The subordination provisions of the documents evidencing or governing any subordinated Indebtedness (the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable subordinated Indebtedness; or # the Company or any other Loan Party shall, directly or indirectly, disavow or contest in any manner # the effectiveness, validity or enforceability of any of the Subordination Provisions, # that the Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the L/C Issuer or # that all payments of principal of or premium and interest on the applicable subordinated Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject to any of the Subordination Provisions.

Collateral Documents. Any Collateral Document after delivery thereof pursuant to [[Sections 4.01, 6.11]1]]1], ‎6.13, ‎6.16 or the Security Agreement shall for any reason (other than pursuant to the terms thereof)thereof including as a result of a transaction not prohibited under this Agreement) cease to create a valid and perfected firstLien, with the priority Lien (exceptrequired by the Collateral Documents and the Intercreditor Agreements on and security interest in the caseany material portion of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby;thereby, subject to Liens permitted under ‎[Section 7.01], # except to the extent that any such perfection or priority is not required pursuant to the Collateral and Guarantee Requirement or any loss thereof results from the failure of the Administrative Agent or the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents or to file Uniform Commercial Code continuation statements and # except as to Collateral consisting of Real Property to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage; or

Collateral Documents. Any Collateral Document after delivery thereof pursuant to [Sections 4.01 or 6.12]2] shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case(subject to Liens permitted by [Section 7.01]) on a material portion of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby; or

Collateral Documents. AnyThe provisions of the Collateral Document after delivery thereof shall for any reason (other than pursuantDocuments are effective to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to any applicable RequirementPermitted Liens) on all right, title and interest of Law) onthe respective Loan Parties in the Collateral purporteddescribed therein. Except for filings completed prior to the Effective Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be covered thereby;necessary to perfect or protect such Liens.

Collateral Documents. AnyThe provisions of the Collateral Document after delivery thereof shall for any reason (other than pursuantDocuments are effective to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirementfor the benefit of Law)the Secured Parties a legal, valid and enforceable first priority Lien on all rights, title and interest of the respective Loan Parties in the Collateral purporteddescribed therein (subject to Liens permitted by [Section 7.01]), and such Liens constitute perfected Liens on such Collateral securing the Obligations, to the extent required to be covered thereby; orperfected under the Loan Documents.

SECTION # Collateral Documents. AnyThe provisions of the Collateral Document after delivery thereof shall for any reason (other than pursuantDocuments are effective to the terms thereof) cease to create a valid and perfected first priority Lien (except in the case of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuantfor the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to any applicable RequirementPermitted Liens) on all right, title and interest of Law) onthe respective Credit Parties in the Collateral purporteddescribed therein. Except for filings completed prior to the Closing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be covered thereby;necessary to perfect or protect such Liens.

Collateral Documents. (i) Any Collateral Document after delivery thereof pursuant to [[Section 4.01, 6.11, 6.13 or 6.14]4]4]4]]4]4]4] shall for any reason (other than pursuant to the terms thereof)thereof including as a result of a transaction not prohibited under this Agreement) cease to create a valid and perfected firstLien, with the priority Lien (exceptrequired by the Collateral Documents and the Intercreditor Agreements, on and security interest in the caseany material portion of Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable Requirement of Law) on the Collateral purported to be covered thereby;thereby, subject to Liens permitted under [Section 7.01], except # to the extent that any such perfection or priority is not required pursuant to the Collateral and Guarantee Requirement or any loss thereof results from the failure of the Administrative Agent or the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents or to file Uniform Commercial Code continuation statements, # as to Collateral consisting of Real Property to the extent that such losses are covered by a lender’s title insurance policy and such insurer has not denied coverage, or # any Collateral Document, or any Lien purported to be granted under any Collateral Document on Collateral, ceases to be fully enforceable for a period of ten (10) days if, individually or in the aggregate, the result of such cessation is not in excess of the Threshold Amount or # any of the Equity Interests of the Borrower shall for any reason cease to be pledged pursuant to the Collateral Documents; or

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