First Priority Security Interest. The pledge of Pledged Securities pursuant to this Security Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Pledgor and all third parties and securing payment of the Obligations.
Appears in 3 contracts
Samples: Security Agreement (Dailey Petroleum Services Corp), Security Agreement (Queen Sand Resources Inc), Security Agreement (Corrida Resources Inc)
First Priority Security Interest. The pledge of Pledged ----------------------------------- Securities pursuant to this Security Agreement creates Agreement, the delivery to Secured Party of the certificates representing the Pledged Securities accompanied by stock powers duly executed in blank and the filing of appropriate financing statements in the relevant locations create a valid and perfected first priority security interest in the Collateral, enforceable against Pledgor and all third parties and securing payment of the Obligations.
Appears in 3 contracts
Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
First Priority Security Interest. The pledge of Pledged ---------------------------------- Securities pursuant to this Security Agreement creates Agreement, the delivery to Secured Party of the certificates representing the Pledged Securities accompanied by stock powers duly executed in blank and the filing of appropriate financing statements in the relevant locations create a valid and perfected first priority security interest in the Collateral, enforceable against Pledgor and all third parties and securing payment of the Obligations.
Appears in 2 contracts
Samples: Pledge and Security Agreement (St Mary Land & Exploration Co), Pledge and Security Agreement (St Mary Land & Exploration Co)
First Priority Security Interest. The pledge of Pledged Securities pursuant to this Security Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Pledgor and all third parties and securing payment of the Obligations.
Appears in 1 contract
First Priority Security Interest. The pledge of Pledged -------------------------------- Securities pursuant to this Security Agreement creates a valid and perfected first priority security interest in the Collateral, secures payment of the Obligations, and is enforceable against Pledgor and all third parties and securing payment of the Obligationsparties.
Appears in 1 contract
First Priority Security Interest. The pledge of Pledged Securities pursuant to this Security Pledge Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Pledgor and all third parties and securing the payment and performance of the Obligations.
Appears in 1 contract
Samples: Borrower Pledge Agreement (Intelect Communications Systems LTD)
