Common use of Lien Priority Clause in Contracts

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇▇▇▇▇ has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to ▇▇▇▇▇▇'s Security Interests and rights in and to such Collateral.

Appears in 37 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Ames National Corp), Business Loan Agreement (Lodging Fund REIT III, Inc.)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇Borr▇▇▇▇ has ▇▇▇ not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Lend▇▇'▇ ▇▇▇'s Security ecurity Interests and rights in and to such Collateral.

Appears in 11 contracts

Sources: Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇▇▇▇▇ has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Promissory Note, that would be prior or that may in any way be superior to ▇▇▇▇▇▇lender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Sources: Master Revolving Line of Credit Promissory Note (PDS Financial Corp)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇Borrower has not entere▇ ▇▇▇▇ has not entered into or ▇r granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Lender's Security Inter▇▇▇▇▇'s Security Interests and nd rights in and to such Collateral.

Appears in 1 contract

Sources: Business Loan Agreement (I/Omagic Corp)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇▇▇▇▇ has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and and Note, that would be prior or that may in any way be superior to ▇▇▇▇▇▇Lender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Sources: Loan Agreement (Medical Resources Management Inc)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇▇▇▇▇ has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests interests on or affecting effecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to ▇▇▇▇▇▇Lender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Sources: Business Loan Agreement (Craftmade International Inc)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, ▇▇▇▇Borr▇▇▇▇ has ▇▇▇ not entered into in to or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to ▇▇▇▇▇▇Lender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Sources: Loan Agreement (Multiple Zones International Inc)