{"component": "clause", "props": {"groups": [{"snippet": "The Bank fails to have an enforceable first lien (except for any prior liens to which the Bank has consented in writing) on or security interest in any property given as security for this Agreement (or any guaranty).", "size": 177, "samples": [{"hash": "75yetNNynzw", "uri": "/contracts/75yetNNynzw#lien-priority", "label": "Loan Agreement (Solitron Devices Inc)", "score": 35.3928833008, "published": true}, {"hash": "66dxUlkzGZw", "uri": "/contracts/66dxUlkzGZw#lien-priority", "label": "Loan Agreement (HireQuest, Inc.)", "score": 34.1608505249, "published": true}, {"hash": "dsozi2jPW20", "uri": "/contracts/dsozi2jPW20#lien-priority", "label": "Loan Agreement (Thorne Healthtech, Inc.)", "score": 33.2765235901, "published": true}], "snippet_links": [{"key": "the-bank", "type": "definition", "offset": [0, 8]}, {"key": "first-lien", "type": "definition", "offset": [38, 48]}, {"key": "prior-liens", "type": "clause", "offset": [65, 76]}, {"key": "in-writing", "type": "definition", "offset": [109, 119]}, {"key": "security-interest", "type": "definition", "offset": [127, 144]}, {"key": "this-agreement", "type": "clause", "offset": [183, 197]}], "hash": "02dd0181b0b027e89b9ae7ca29c607df", "id": 3}, {"snippet": "Any Lien created hereunder or provided for hereby or under any related agreement for any reason ceases to be or is not a valid and perfected Lien having a first priority interest;", "size": 129, "samples": [{"hash": "lgSo9JRfeQU", "uri": "/contracts/lgSo9JRfeQU#lien-priority", "label": "Term Loan and Security Agreement (ARKO Corp.)", "score": 31.8254623413, "published": true}, {"hash": "ix6If76u6xu", "uri": "/contracts/ix6If76u6xu#lien-priority", "label": "Revolving Credit and Security Agreement (Green Plains Inc.)", "score": 28.578371048, "published": true}, {"hash": "8JRtWcWrqjx", "uri": "/contracts/8JRtWcWrqjx#lien-priority", "label": "Term Loan and Security Agreement (GPM Petroleum LP)", "score": 28.4113616943, "published": true}], "snippet_links": [{"key": "lien-created", "type": "clause", "offset": [4, 16]}, {"key": "for-any-reason", "type": "clause", "offset": [81, 95]}, {"key": "perfected-lien", "type": "definition", "offset": [131, 145]}, {"key": "first-priority-interest", "type": "clause", "offset": [155, 178]}], "hash": "b56c84f202e5700d72dff60a0eb02360", "id": 4}, {"snippet": "Lender fails to have an enforceable first lien (except for any prior liens to which Lender has consented in writing) on or security interest in the Collateral.", "size": 57, "samples": [{"hash": "hSdkZWCo8SU", "uri": "/contracts/hSdkZWCo8SU#lien-priority", "label": "Business Financing Agreement (Socket Mobile, Inc.)", "score": 32.0937728882, "published": true}, {"hash": "kbVdKvpTW40", "uri": "/contracts/kbVdKvpTW40#lien-priority", "label": "Business Financing Agreement", "score": 31.3408622742, "published": true}, {"hash": "7DSltaZMrPE", "uri": "/contracts/7DSltaZMrPE#lien-priority", "label": "Business Financing Agreement (Giga Tronics Inc)", "score": 30.1964416504, "published": true}], "snippet_links": [{"key": "first-lien", "type": "definition", "offset": [36, 46]}, {"key": "prior-liens", "type": "clause", "offset": [63, 74]}, {"key": "in-writing", "type": "definition", "offset": [105, 115]}, {"key": "security-interest-in-the-collateral", "type": "clause", "offset": [123, 158]}], "hash": "da92708e800e46cfa50b8bf1ed3c2751", "id": 7}, {"snippet": "Unless otherwise previously disclosed to and approved by Lender in writing, Borrower has not entered into any Security Agreements, granted a Security Interest or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral, except in favor of Lender.", "size": 37, "samples": [{"hash": "aed8SBL4Yiu", "uri": "/contracts/aed8SBL4Yiu#lien-priority", "label": "Business Loan Agreement (Bioanalytical Systems Inc)", "score": 20.0, "published": true}, {"hash": "mUl42ydFwS", "uri": "/contracts/mUl42ydFwS#lien-priority", "label": "Loan Agreement (Carrier Access Corp)", "score": 18.0, "published": true}, {"hash": "lVkg4Kbq91i", "uri": "/contracts/lVkg4Kbq91i#lien-priority", "label": "Loan Agreement (Gentner Communications Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "previously-disclosed", "type": "definition", "offset": [17, 37]}, {"key": "by-lender", "type": "clause", "offset": [54, 63]}, {"key": "in-writing", "type": "definition", "offset": [64, 74]}, {"key": "entered-into", "type": "clause", "offset": [93, 105]}, {"key": "security-agreements", "type": "clause", "offset": [110, 129]}, {"key": "security-interests", "type": "clause", "offset": [204, 222]}, {"key": "the-collateral", "type": "definition", "offset": [246, 260]}, {"key": "of-lender", "type": "clause", "offset": [278, 287]}], "hash": "91b3a5f1bbf782443f7a48fcd80a171a", "id": 8}, {"snippet": "Any Lien created hereunder or by any other Loan Document shall at any time fail to constitute a valid and perfected Lien on any of the Collateral purported to be secured thereby, subject to no prior or equal Lien, other than Permitted Liens which are permitted to have priority in accordance with the terms of this Agreement.", "size": 280, "samples": [{"hash": "dalkWyS6paL", "uri": "/contracts/dalkWyS6paL#lien-priority", "label": "Loan and Security Agreement (Silk Road Medical Inc)", "score": 33.4106788635, "published": true}, {"hash": "4UsTKwQfK5w", "uri": "/contracts/4UsTKwQfK5w#lien-priority", "label": "Loan and Security Agreement (PROCEPT BioRobotics Corp)", "score": 32.6276512146, "published": true}, {"hash": "h0mHSUriYzb", "uri": "/contracts/h0mHSUriYzb#lien-priority", "label": "Loan and Security Agreement (PROCEPT BioRobotics Corp)", "score": 32.5756340027, "published": true}], "snippet_links": [{"key": "lien-created", "type": "clause", "offset": [4, 16]}, {"key": "loan-document", "type": "clause", "offset": [43, 56]}, {"key": "at-any-time", "type": "clause", "offset": [63, 74]}, {"key": "perfected-lien", "type": "definition", "offset": [106, 120]}, {"key": "the-collateral", "type": "definition", "offset": [131, 145]}, {"key": "subject-to", "type": "definition", "offset": [179, 189]}, {"key": "or-equal", "type": "clause", "offset": [199, 207]}, {"key": "permitted-liens", "type": "definition", "offset": [225, 240]}, {"key": "in-accordance-with", "type": "clause", "offset": [278, 296]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [301, 324]}], "hash": "cacdad71053eeffd472149f6bcef8e91", "id": 1}, {"snippet": "Unless otherwise previously disclosed to Lender in writing, Borr\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Lend\u2587\u2587'\u2587 \u2587ecurity Interests and rights in and to such Collateral.", "size": 18, "samples": [{"hash": "lDeTVscPArp", "uri": "/contracts/lDeTVscPArp#lien-priority", "label": "Business Loan Agreement (Pods Inc)", "score": 18.0, "published": true}, {"hash": "kkuxFK7Z1Jh", "uri": "/contracts/kkuxFK7Z1Jh#lien-priority", "label": "Business Loan Agreement (Pods Inc)", "score": 18.0, "published": true}, {"hash": "j0bkrelvSCo", "uri": "/contracts/j0bkrelvSCo#lien-priority", "label": "Business Loan Agreement (Pods Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "previously-disclosed", "type": "definition", "offset": [17, 37]}, {"key": "to-lender", "type": "definition", "offset": [38, 47]}, {"key": "in-writing", "type": "definition", "offset": [48, 58]}, {"key": "entered-into", "type": "clause", "offset": [77, 89]}, {"key": "security-agreements", "type": "clause", "offset": [105, 124]}, {"key": "security-interests", "type": "clause", "offset": [171, 189]}, {"key": "the-collateral", "type": "definition", "offset": [213, 227]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [228, 250]}, {"key": "repayment-of", "type": "clause", "offset": [260, 272]}, {"key": "loan-and-note", "type": "clause", "offset": [284, 297]}, {"key": "and-rights", "type": "clause", "offset": [385, 395]}], "hash": "2ad98f630030f65a911a53a5ebef00c4", "id": 10}, {"snippet": "Unless otherwise previously disclosed to Lender in writing, Borrower has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Lender's Security Interests and rights in and to such Collateral.", "size": 242, "samples": [{"hash": "bRIdV4ZtKvr", "uri": "/contracts/bRIdV4ZtKvr#lien-priority", "label": "Business Loan Agreement (Charge Enterprises, Inc.)", "score": 33.4161529541, "published": true}, {"hash": "cgl3oMys5Hx", "uri": "/contracts/cgl3oMys5Hx#lien-priority", "label": "Business Loan Agreement (Autoscope Technologies Corp)", "score": 32.9561958313, "published": true}, {"hash": "ekwokp4zkqM", "uri": "/contracts/ekwokp4zkqM#lien-priority", "label": "Business Loan Agreement (Heritage Global Inc.)", "score": 32.6112251282, "published": true}], "snippet_links": [{"key": "previously-disclosed", "type": "definition", "offset": [17, 37]}, {"key": "to-lender", "type": "definition", "offset": [38, 47]}, {"key": "in-writing", "type": "definition", "offset": [48, 58]}, {"key": "entered-into", "type": "clause", "offset": [77, 89]}, {"key": "security-agreements", "type": "clause", "offset": [105, 124]}, {"key": "security-interests", "type": "clause", "offset": [171, 189]}, {"key": "the-collateral", "type": "definition", "offset": [213, 227]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [228, 250]}, {"key": "repayment-of", "type": "clause", "offset": [260, 272]}, {"key": "loan-and-note", "type": "clause", "offset": [284, 297]}, {"key": "and-rights", "type": "clause", "offset": [385, 395]}], "hash": "49c19fb59e13387f1b8fa3649bbbf048", "id": 2}, {"snippet": "Unless otherwise previously disclosed to Lender in writing, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower\u2019s Loan and Note, that would be prior or that may in any way be superior to Lender\u2019s Security Interests and rights in and to such Collateral.", "size": 116, "samples": [{"hash": "64bmtXJtfIX", "uri": "/contracts/64bmtXJtfIX#lien-priority", "label": "Business Loan Agreement (FGI Industries Ltd.)", "score": 37.2491455078, "published": true}, {"hash": "cklqShPB1lo", "uri": "/contracts/cklqShPB1lo#lien-priority", "label": "Business Loan Agreement (Central RoRo, LLC)", "score": 36.6741943359, "published": true}, {"hash": "gxJXQLqvsrd", "uri": "/contracts/gxJXQLqvsrd#lien-priority", "label": "Business Loan Agreement (Elmet Group Co.)", "score": 36.2819976807, "published": true}], "snippet_links": [{"key": "previously-disclosed", "type": "definition", "offset": [17, 37]}, {"key": "to-lender", "type": "definition", "offset": [38, 47]}, {"key": "in-writing", "type": "definition", "offset": [48, 58]}, {"key": "entered-into", "type": "clause", "offset": [77, 89]}, {"key": "security-agreements", "type": "clause", "offset": [105, 124]}, {"key": "security-interests", "type": "clause", "offset": [171, 189]}, {"key": "the-collateral", "type": "definition", "offset": [213, 227]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [228, 250]}, {"key": "repayment-of", "type": "clause", "offset": [260, 272]}, {"key": "loan-and-note", "type": "clause", "offset": [284, 297]}, {"key": "and-rights", "type": "clause", "offset": [385, 395]}], "hash": "117a95f9726f7ef47e1e6a5557ef2b1d", "id": 5}, {"snippet": "There is a material impairment in the perfection or priority of Bank\u2019s security interest in the Collateral;", "size": 61, "samples": [{"hash": "jsLM2gILXFR", "uri": "/contracts/jsLM2gILXFR#lien-priority", "label": "Loan and Security Agreement (Alamar Biosciences, Inc.)", "score": 37.1916503906, "published": true}, {"hash": "9KeyjIxpOko", "uri": "/contracts/9KeyjIxpOko#lien-priority", "label": "Loan and Security Agreement (Lantronix Inc)", "score": 36.6358642578, "published": true}, {"hash": "2U2yXYtmOB", "uri": "/contracts/2U2yXYtmOB#lien-priority", "label": "Loan and Security Agreement (Invivyd, Inc.)", "score": 36.3018493652, "published": true}], "snippet_links": [{"key": "material-impairment", "type": "definition", "offset": [11, 30]}, {"key": "security-interest-in-the-collateral", "type": "clause", "offset": [71, 106]}], "hash": "658859ba6ec37974c92c57d3c08f4663", "id": 6}, {"snippet": "Except as the result of the action or inaction of the Collateral Agent or the Purchasers, any Lien created hereunder or by any other Note Document shall at any time fail to constitute a valid and perfected Lien on any of the Collateral purported to be secured thereby, subject to no prior or equal Lien, other than Permitted Liens arising as a matter of applicable law or that are permitted to have priority pursuant to this Agreement.", "size": 27, "samples": [{"hash": "hsUwUhvED4d", "uri": "/contracts/hsUwUhvED4d#lien-priority", "label": "Note Purchase Agreement (5E Advanced Materials, Inc.)", "score": 36.036277771, "published": true}, {"hash": "a7uA9u5SyLc", "uri": "/contracts/a7uA9u5SyLc#lien-priority", "label": "Note Purchase Agreement (5E Advanced Materials, Inc.)", "score": 36.036277771, "published": true}, {"hash": "8P7Sirqc7EV", "uri": "/contracts/8P7Sirqc7EV#lien-priority", "label": "Note Purchase Agreement (5E Advanced Materials, Inc.)", "score": 35.7077331543, "published": true}], "snippet_links": [{"key": "action-or-inaction", "type": "clause", "offset": [28, 46]}, {"key": "the-collateral-agent", "type": "clause", "offset": [50, 70]}, {"key": "the-purchasers", "type": "definition", "offset": [74, 88]}, {"key": "lien-created", "type": "clause", "offset": [94, 106]}, {"key": "note-document", "type": "definition", "offset": [133, 146]}, {"key": "at-any-time", "type": "clause", "offset": [153, 164]}, {"key": "perfected-lien", "type": "definition", "offset": [196, 210]}, {"key": "subject-to", "type": "definition", "offset": [269, 279]}, {"key": "or-equal", "type": "clause", "offset": [289, 297]}, {"key": "permitted-liens", "type": "definition", "offset": [315, 330]}, {"key": "applicable-law", "type": "clause", "offset": [354, 368]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [408, 434]}], "hash": "9adf70a1295f452d6bdefca7505ce31a", "id": 9}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZsaWVuLXByaW9yaXR5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["events-of-default", "EVENTS OF DEFAULT"], ["default-and-remedies", "DEFAULT AND REMEDIES"], ["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["default", "DEFAULT"], ["miscellaneous", "Miscellaneous"]], "size": 2054, "children": [["no-new-liens", "No New Liens"], ["exercise-of-rights", "Exercise of Rights"], ["waiver-of-right-to-contest-liens", "Waiver of Right to Contest Liens"], ["remedies-standstill", "Remedies Standstill"], ["no-other-restrictions", "No Other Restrictions"]], "title": "Lien Priority", "id": "lien-priority", "related": [["lien-priorities", "Lien Priorities", "Lien Priorities"], ["no-waiver-of-lien-priorities", "No Waiver of Lien Priorities", "No Waiver of Lien Priorities"], ["relative-priorities", "Relative Priorities", "Relative Priorities"], ["proceeds-of-collateral", "Proceeds of Collateral", "Proceeds of Collateral"], ["application-of-proceeds-of-collateral", "Application of Proceeds of Collateral", "Application of Proceeds of Collateral"]], "related_snippets": [], "updated": "2026-07-10T04:32:05+00:00"}, "json": true, "cursor": ""}}