Common use of PERFECTION AND PRIORITY OF SECURITY INTEREST Clause in Contracts

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected perfected, and first priority and exclusive exclusive, security interest in the Collateral, except for any Permitted Liens, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon completion of all required filings of financing statements, perfected perfected, first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, a perfected and first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon completion of all required filings of financing statementsstatements and similar registrations, perfected first priority and exclusive security interest in the CollateralCollateral (other than Permitted Liens), securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive (subject only to Permitted Liens) security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statementsstatements and similar registrations and except with respect to deposit accounts and investment property, perfected first priority and exclusive security interest in the CollateralCollateral (other than Permitted Liens), securing the payment of all the Obligations. There is no contractual or other restriction applicable to the granting by the Borrower of the Liens hereunder.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statementsstatements and compliance with applicable law, perfected first priority and exclusive perfected, exclusive, security interest in the Collateral, except for any Permitted Liens, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statementsstatements by the Lender, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest interest, prior in right to all other liens, except for Permitted Liens, in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon the proper completion of all required filings of financing statements, perfected first priority and exclusive security interest in the CollateralCollateral (to the extent that a security interest in the Collateral can be perfected by the filing of Uniform Commercial Code financing statements (Form UCC-1)), securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the CollateralCollateral (other than the security interest of SVB which are junior to the security interests of the Lender), securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected first priority and exclusive security interest in the CollateralCollateral subject to Permitted Liens, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon completion of all required filings of financing statements, perfected perfected, and, to the Borrower's knowledge, first priority and exclusive exclusive, security interest in the Collateral, securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Security Agreement creates a valid and, upon completion of all required filings of financing statements, a perfected and first priority and exclusive security interest in the CollateralCollateral (subject to Permitted Liens), securing the payment of all the Obligations.

PERFECTION AND PRIORITY OF SECURITY INTEREST. This Agreement creates a valid and, upon the Borrower's acquisition of Equipment and completion of all required filings of financing statements, perfected first priority and exclusive security interest in the Collateral, securing the payment of all the Obligations, except Permitted Liens.