Common use of Perfection and Priority of Liens Clause in Contracts

Perfection and Priority of Liens. The Lenders shall have received satisfactory evidence that the Collateral Agent, on behalf of the Lenders, shall have a valid and perfected first priority Lien in the Collateral (subject to Permitted Liens).

Perfection and Priority of Liens. The Lenders shall have received satisfactory evidence that the Collateral Administrative Agent, on behalf of the Lendersholders of the Obligations, shall have a valid and perfected first priority Lien in the Collateral (subject to Permitted Liens).

Perfection and Priority of Liens. The Lenders shall have received satisfactory evidence be satisfied that the Collateral AgentAgent has been granted, on behalf and holds, for the benefit of the Agents and the Lenders, shall have a valid and perfected perfected, first priority Lien in on, and security interest in, all of the Collateral (Collateral, subject only to Permitted Priority Liens).

Perfection and Priority of Liens. The Lenders shall have received satisfactory evidence be satisfied that the Collateral AgentAgent has been granted, on behalf and holds, for the benefit of the Agents and the Lenders, shall have a valid and perfected first perfected, second priority Lien in on, and security interest in, all of the Collateral (Collateral, subject only to Permitted Priority Liens).