Senior Lien. The Purchasers shall be satisfied that, after giving effect to the Collateral Documents, and to the making of any filings contemplated thereby, the Collateral Agent will have a first priority perfected lien in the Patents and all other material assets of the Issuer and each Guarantor to the extent that such perfection of a lien in the Patents can be effected through filings in the United States, subject to only to the existing Liens set forth on Schedule 6.8.
Appears in 1 contract
Sources: Revenue Sharing and Securities Purchase Agreement (Marathon Patent Group, Inc.)
Senior Lien. The Purchasers shall be satisfied that, after giving effect to the Collateral Documents, and to the making of any filings contemplated thereby, the Collateral Agent will have a first priority perfected lien in the Patents and all other material assets of the Issuer Company and each Guarantor to the extent that such perfection of a lien in the Patents can be effected through filings in the United States, subject to only to the existing Liens set forth on Schedule 6.8its Subsidiaries.
Appears in 1 contract
Sources: Revenue Sharing and Note Purchase Agreement (Sito Mobile, Ltd.)