Common use of Priority Claims Clause in Contracts

Priority Claims. The Borrower hereby grants its consent (such grant to remain in force as long as this Agreement is in effect or any Advances are outstanding) to any Person having information relating to any Priority Claim arising by any Applicable Law or otherwise and including, without limitation, claims by or on behalf of any Governmental Authority to release such information to the Bank at any time upon its written request for the purpose of assisting the Bank to evaluate the financial condition of the Borrower.