Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on the filing of a UCC-l Financing Statement and Debtor’s grant of such lien to Secured Party does not constitute a fraudulent conveyance under any applicable law.
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Sources: Security Agreement (Pure Play Media Holdings, Inc.)
Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on the filing of a UCC-l Financing Statement and Debtor’s Collateral. ▇▇▇▇▇▇'s grant of such this lien to Secured Party does not constitute a fraudulent conveyance under any applicable law.
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