On and after the granting thereof on the Funding Date, the Liens in the Collateral granted to the Administrative Agent for the benefit of the Secured Parties pursuant to the Collateral Documents shall constitute and will continue thereafter to constitute Prior Security Interests in and to the Collateral. All filing fees and other expenses in connection with the perfection of such Liens have been or will be paid by the Borrower at the time of the Funding Date.
liens in the collateral