First Priority Perfected Security Interest. This Agreement creates in favor of Secured Party a first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.
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Samples: Pledge Agreement (Arabian Shield Development Co), Pledge Agreement (Boyle Fleming & Co Inc), Pledge Agreement (Ultrak Inc)
First Priority Perfected Security Interest. This Agreement Agreement, together with the delivery to Lender of the Collateral, creates in favor of Secured Party a perfected, first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.. Section 2.7
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First Priority Perfected Security Interest. This Agreement Agreement, together with the delivery to Secured Party of the Collateral, creates in favor of Secured Party and the Lenders a Craftmade International, Inc. Amended and Restated Pledge Agreement 3 120 perfected, first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.
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