Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of the descriptions of Collateral contained in the Financing Documents, including any financing statements, the Parties agree among themselves that their respective Liens in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Documents.
Appears in 5 contracts
Samples: Intercreditor Agreement (TWC Holding Corp.), Intercreditor Agreement (Wornick CO Right Away Division, L.P.), Intercreditor Agreement (Majestic Investor Capital Corp)
Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of the descriptions of Collateral contained in the Financing Loan Documents, including any financing statements, the Parties agree among themselves that their respective Liens liens and security interests in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Loan Documents.
Appears in 3 contracts
Samples: Intercreditor Agreement (Discovery Zone Inc), Registration Rights Agreement (Forman Petroleum Corp), Form of Intercreditor Agreement (Discovery Zone Inc)
Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of the descriptions of Collateral contained in the Financing Documents, including any financing statements, the Parties agree among themselves that their respective Liens in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Documents.. 5
Appears in 2 contracts
Samples: Pledge and Security Agreement (Majestic Investor Capital Corp), Loan and Security Agreement (Majestic Investor Capital Corp)
Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of the descriptions of Collateral contained in the Financing Loan Documents, including any financing statements, the Parties agree among themselves that their respective Liens and security interests in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Loan Documents.
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Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements agreements, or other instruments, and irrespective of the descriptions of Collateral contained in the Financing Documents, including any financing statements, the Parties agree among themselves that their respective Liens in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Documents.
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Priority of Liens. Irrespective of the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of the descriptions of the Lender Collateral contained in the Financing Loan Documents, including any financing statements, the Parties agree among themselves that their respective Liens liens and security interests in the Lender Collateral and the Proceeds shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Loan Documents.
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Priority of Liens. Irrespective of any reason, including the order of recording of mortgages, financing statements, security agreements or other instruments, and irrespective of or the descriptions of Collateral contained in the Financing Documents, including any financing statements, the Parties agree among themselves that their respective Liens in the Collateral shall be governed by the Lien Priority, which shall be controlling in the event of any conflict between this Agreement and any of the Financing Documents.
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