Common use of Perfection and Priority of Lien Clause in Contracts

Perfection and Priority of Lien. Supplier shall take all steps necessary or desirable to grant and maintain the SellersFunding’s lien on the Collateral as a valid first priority lien.

Appears in 6 contracts

Sources: Standard Terms and Conditions, Standard Terms and Conditions, Standard Terms and Conditions

Perfection and Priority of Lien. Supplier shall take all steps necessary or desirable to grant grant, and maintain the SellersFunding’s lien on the Collateral as a valid first priority lien.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement