Priority Interest. No person or entity other than Lender has (or, in the case of after-acquired Collateral, will have, at the time such Credit Party acquires rights therein) any interest in the Collateral, including any Lien on the Collateral, except as permitted by Section 9.
Appears in 2 contracts
Sources: Loan and Security Agreement (American Tonerserv Corp.), Loan and Security Agreement (American Tonerserv Corp.)
Priority Interest. No person or entity other than Lender has (or, in the case of after-acquired Collateral, will have, at the time such Credit Party Borrower acquires rights therein) any interest in the Collateral, including any Lien on the Collateral, except as permitted by Section 9.
Appears in 2 contracts
Sources: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc)