Common use of Perfected Second Priority Liens Clause in Contracts

Perfected Second Priority Liens. The Liens granted pursuant to this Security Agreement will constitute upon the completion of all the filings or notices listed in Schedule II hereto, perfected Liens on all Collateral, which are prior to all other Liens on such Collateral and which are enforceable as such against all creditors of the Grantor.

Perfected Second Priority Liens. The Liens granted pursuant to this Security Agreement will constitute upon the completion of all the filings or notices listed in Schedule II hereto, perfected Liens on all Collateral, which are prior in priority to all other Liens on such Collateral Collateral, except the Prior Liens, and which are enforceable as such against all creditors of the Grantor.

Perfected Second Priority Liens. The Liens granted pursuant to this Security Agreement will constitute upon the completion of all the filings or notices listed in Schedule II I hereto, perfected Liens on all Collateral, which are prior in priority to all other Liens on such Collateral Collateral, except the Prior Liens, and which are enforceable as such against all creditors of the Grantor.