Common use of Lien Defects Clause in Contracts

Lien Defects. Any Lien created by any of the Security Documents shall at any time fail to constitute a valid and perfected Lien on all of the Collateral purported to be subject thereto, securing the obligations purported to be secured thereby, with the priority required by the Loan Documents, or the Borrower or Synutra, Inc. shall so assert in writing; or