Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of the [[Administrative Agent:Organization]] for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described 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 necessary to perfect or protect such Liens.

Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of the [[Administrative Agent:Organization]]Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right,rights, title and interest of the respective Loan Parties in the Collateral described therein. Except for filings completed priortherein (subject to Liens permitted by [Section 7.01]), and such Liens constitute perfected Liens on such Collateral securing the Obligations, to the Effective Date and as contemplated hereby and byextent required to be perfected under the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens.Loan Documents.

SECTION # Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of the [[Administrative Agent:Organization]]Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective LoanCredit Parties in the Collateral described therein. Except for filings completed prior to the EffectiveClosing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens.

CollateralSECTION #21Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of the [[Administrative Agent:Organization]]Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective LoanCredit Parties in the Collateral described therein. Except for filings completed prior to the EffectiveClosing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens.

Collateral Documents. The provisions of the Collateral Documents are effective to create in favor of the [[Administrative Agent:Organization]]Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens)Liens permitted by Section 7.01) on all right, title and interest of the respective Loan Parties in the Collateral described therein. Except for filings completed on or prior to the EffectiveClosingRestatement Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens.

Collateral Documents. The provisions of the Collateral Documents are effectivecontinue to create a valid security interest in, and Lien upon, the Collateral, in favor of the [[Administrative Agent:Organization]], for the benefit of the Secured Parties a legal, valid​, which security interests and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interestLiens are perfected in accordance with the terms of the respective Loan Parties in the Collateral described therein. Except for filings completedDocuments and prior to the Effective Date and as contemplated hereby and by the Collateral Documents, no filing orall Liens other action will be necessary to perfect or protect suchthan Permitted Liens.

Collateral Documents.. The provisions of the CollateralSecurity Documents are effective to create in favor of the [[Administrative Agent:Organization]]Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective LoanObligated Parties party thereto in the Collateral described therein.Collateral. Except for filings completed prior to the EffectiveClosing Date and as contemplated hereby and by the CollateralSecurity Documents, no filing or other action will be necessary to perfect or protect such Liens.Liens in Collateral.

SECTION # Collateral Documents. TheExcept as otherwise contemplated hereby or under any other Loan Documents, the provisions of the Collateral Documents, together with such filings and other actions required to be taken hereby or by the applicable Collateral Documents or contemplated by the Collateral Documents (including the delivery to Collateral ​ of any Pledged Debt and any Pledged Equity required to be delivered pursuant to the applicable Collateral Documents), are effective to create in favor of the Collateral [[Administrative Agent:Organization]] for the benefit of the Secured Parties a legal, valid and enforceable first priorityperfected Lien (subject to Permitted Liens)Liens permitted by [Section 7.01]) on all right, title and interest of Holdings, the respective Loan Parties​ and the applicable Subsidiary Guarantors, respectively, in the Collateral described 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 necessary to perfect or protect such Liens.

Collateral Documents. The provisionsAny 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 Collateral Documents are effective to createextent any such Permitted Liens would have priority over the Liens in favor of the [[Administrative Agent:Organization]] for the benefitAgent pursuant to any applicable Requirement of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens)Law) on all right, title and interest of the respective Loan Parties in the Collateral described therein. Except for filings completed priorpurported to the Effective Date and as contemplated hereby and by the Collateral Documents, no filingbe covered thereby; or other action will be necessary to perfect or protect such Liens.

Section # Perfection, etc. Each Collateral Documents. The provisions of the Collateral Documents areDocument delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create (to the extent described therein) in favor of the [[Administrative Agent:Organization]]Agent for the benefit of the Secured Parties aParties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created thereby and required to be perfected therein, except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, winding-up, insolvency, fraudulent conveyance, reorganization (by way of voluntary arrangement, schemes of arrangements or otherwise), moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and # when financing statements and other filings in appropriate form are filed or registered, as applicable, in the offices of the Secretary of State or other applicable filing office of Parent’s and each other Loan Party’s jurisdiction of organization, formation or incorporation and applicable documents are filed and recorded as applicable in the United States Copyright Office or the United States Patent and Trademark Office and # upon the taking of possession or control by the Administrative Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Administrative Agent to the extent possession or control by the Administrative Agent is required by the applicable Collateral Document), the Liens created by the Collateral Documents shall constitute fully perfected first priority Lien (subjectLiens so far as possible under relevant law on, and security interests in (to the extent intended to Permitted Liens) onbe created thereby and required to be perfected under the Loan Documents), all right, title and interest of the respective Loan Partiesgrantors in thesuch Collateral described therein. Except for filings completed prior to the Effective Datein each case free and as contemplated hereby and by the Collateral Documents, no filing orclear of any Liens other action will be necessary to perfect or protect such Liens.than Liens permitted hereunder).