Common use of First Priority Lien Clause in Contracts

First Priority Lien. The Agent, on behalf of the Lenders, holds a first priority lien, subject to no other Liens other than the Permitted Liens, in the Collateral.

First Priority Lien. The Agent, on behalf of the Lenders, holds a first priority lien, subject to no other Liens other than the Permitted Liens, in the Collateral.

First Priority Lien. The Agent, Agent on behalf of the Lenders, Lenders holds a first priority lien, subject to no other Liens other than the Permitted Liens, Liens in the Collateral.

First Priority Lien. The Agent, Agent on behalf of the Lenders, holds Lenders will hold a first priority lien, subject to no other Liens other than the Permitted Liens, Liens in the Collateral.