First Priority Security Interest. The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.
Appears in 4 contracts
Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD), Lc Agreement (Max Re Capital LTD), Letter of Credit Reimbursement Agreement (Max Re Capital LTD)
First Priority Security Interest. The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral Collateral pledged by the Borrower pursuant to the Security Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Mercury General Corp), Credit Agreement (Mercury General Corp)
First Priority Security Interest. The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral Collateral pledged by the Borrower Max Re pursuant to the Security Agreement.
Appears in 1 contract
First Priority Security Interest. The Administrative Agent, for -------------------------------- the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.
Appears in 1 contract
Samples: Credit Reimbursement Agreement (Max Re Capital LTD)
First Priority Security Interest. The Administrative Agent, -------------------------------- for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.
Appears in 1 contract
First Priority Security Interest. The -------------------------------- Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral Collateral pledged by the Borrower pursuant to the Security Agreement, the Mortgage, and the Pledge Agreement following performance of the procedures specified herein.
Appears in 1 contract
Samples: Max Re Capital LTD
