First Priority Sample Clauses

First Priority. Assuming the timely filing of financing statements covering the Collateral, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.
First Priority. Except for Permitted Liens, when the initial Loans are made hereunder, this Agreement, together with the other Loan Documents, will create valid and perfected first priority security interests and liens in and upon the Collateral covered thereby, in each case enforceable against the Borrower or such Subsidiary and all other Persons in all relevant jurisdictions and securing the payment of all Obligations purported to be secured thereby.
First Priority. It will take all actions, sign all documents, effect all registrations and otherwise act so as to carry out the intent of this Agreement which is that the Liens created by the Security Documents are to rank first against all of its undertaking, property and assets subject only to Permitted Liens.
First Priority. Each of the Pledge Agreements and each of the Security Agreements (assuming possession by the Agent of certificates representing Collateral consisting of Securities and proper and timely filing of the Financing Statements and continuation statements in the locations set forth in the Schedules to the Security Agreements) creates a valid and perfected first priority security interest and lien in and to the Collateral described therein, in each case enforceable against the Borrower Affiliate party thereto and all third parties in all relevant jurisdictions and securing the payment of all Obligations purported to be secured thereby.
First Priority. The Liens granted to Agent, on behalf of itself and Lenders, pursuant to the Collateral Documents will at all times be fully perfected first priority Liens in and to the Collateral described therein, subject, as to priority, only to Permitted Encumbrances with respect to the Collateral other than Accounts.
First Priority. All newly arriving refugees/entrants during their first year in the U.S. who apply for services;
First Priority. To pay all operating expenses and capital -------------- expenditures other than expenditures for new truck stop locations and for acquisitions of existing facilities from third parties ("Expansion Capital Expenditures");