Common use of Perfection and Evidence of Priority Clause in Contracts

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, and prior to all others’ rights and interests, except those the Bank consents to in writing.

Appears in 5 contracts

Sources: Business Loan Agreement (Excelligence Learning Corp), Business Loan Agreement (Network Equipment Technologies Inc), Loan Agreement (Redhook Ale Brewery Inc)

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, and prior to all others' rights and interests, except those the Bank consents to in writing.

Appears in 3 contracts

Sources: Loan Agreement (Wynn Stephen A), Loan Agreement (Wynn Stephen A), Business Loan Agreement (National Rv Holdings Inc)

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, and prior to all others' rights and interests, except those the Bank consents to in writing.

Appears in 2 contracts

Sources: Loan Agreement (Radiant Logistics, Inc), Business Loan Agreement (Novatel Wireless Inc)

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, and prior to all others' rights and interests, except those the Bank consents to in writingfor purchase money equipment liens.

Appears in 2 contracts

Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Mercury Air Group Inc)

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral other Collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, perfected and prior to all others’ rights and interests, except those the Bank consents to in writing.

Appears in 1 contract

Sources: Business Loan Agreement (Central Valley Community Bancorp)

Perfection and Evidence of Priority. Financing statements and fixture filings (and any collateral in which the Bank requires a possessory security interest), together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, and prior to all others’ rights and interests, except those the Bank consents to in writing.. (f)

Appears in 1 contract

Sources: Business Loan Agreement (Winter Sports Inc /New)