 What documents are or will be effective to create in favor of the Collateral Agent?
Except as otherwise contemplated hereby or under any other Loan Document, as and when executed, delivered and recorded in the proper filing or recording office, the provisions of the Collateral Documents are or will be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority perfected Lien (subject to Permitted Liens) on all right, title and interest of the Collateral owned by the Grantors and described therein. Except for filings contemplated hereby and by the Collateral Documents, no filing will be necessary to perfect such Liens.
the Collateral Documents