Common use of First Priority Lien Clause in Contracts

First Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on the filing of a UCC-1

Appears in 2 contracts

Sources: Confidential Settlement Agreement (Ipg Photonics Corp), Confidential Settlement Agreement (Ipg Photonics Corp)

First Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on upon the timely filing of a UCC-1UCC-1 Financing Statement, subject to the release of such collateral by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Security Agreement (Homeseekers Com Inc)

First Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on upon the timely filing of a UCC-1

Appears in 1 contract

Sources: Security Agreement (Homeseekers Com Inc)