Common use of Second Lien Clause in Contracts

Second Lien. Borrower shall provide Lender a lien and security interest on all Crops and Farm Products and all Accounts, Chattel Paper and General Intangibles ansmg out of the same which shall be second only to the first lien of any LOC Lender.

Appears in 2 contracts

Sources: Loan Agreement (Alico Inc), Loan Agreement (Alico Inc)