Common use of Status of Liens Clause in Contracts

Status of Liens. The fact that any collateral, security, security interest, or lien contemplated or intended to be given, created, or granted as security for the repayment of the Guaranteed Debt shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantors that Guarantors are not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectibility, or value of any of the collateral for the Guaranteed Debt;

Status of Liens. The fact that any collateralCollateral, Guarantor Collateral, security, security interest, or lien Lien contemplated or intended to be given, created, or granted as security for the repayment of the Guaranteed Debt Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lienLien, it being recognized and agreed by Guarantors the Guarantor that Guarantors are the Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectibility, or value of any of the collateral for the Guaranteed DebtCollateral and/or Guarantor Collateral;

Status of Liens. The fact that any collateral, security, security interest, interest or lien contemplated or intended to be given, created, created or granted as security for the repayment of the Guaranteed Debt Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantors Guarantor that Guarantors are it is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectibility, collectibility or value of any of the collateral for the Guaranteed DebtObligations;

Status of Liens. The fact that any collateral, security, security interest, or lien contemplated or intended to be given, created, or granted as security for the repayment of the Guaranteed Debt shall Indebtedness has not be been properly perfected or created, or shall prove proves to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantors Guarantor that Guarantors are Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectibilitycollectabilty, or value of any of the collateral for the Guaranteed DebtIndebtedness;

Status of Liens. The fact that any collateral, security, security interest, interest or lien contemplated or intended to be given, created, created or granted as security for the repayment of the Guaranteed Debt Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantors each Guarantor that Guarantors are it is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectibility, collectibility or value of any of the collateral for the Guaranteed DebtLiabilities;