Creditor's Lien definition

Creditor's Lien means collectively (a) the continuing lien and security interest granted by the Borrower to the Creditor under the Creditor's Security Agreement, (b) the continuing lien and security interest granted by the Guarantor to the Creditor under the Creditor's Stock Pledge, and (c) any and all liens and security interests of the Creditor now existing or hereafter arising in the property of the Borrower.
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Examples of Creditor's Lien in a sentence

  • Creditor's Lien on the Collateral shall remain in effect for so long as any Obligations are outstanding.

  • The Bank and the Creditor desire to set forth their agreement regarding the Bank's Obligations (hereinafter defined), the Creditor's Obligations (hereinafter defined), the Bank's Lien (hereinafter defined) and the Creditor's Lien (hereinafter defined).

  • Resident agrees not to tamper with or adjust temperature of hot water heater.

  • The provisions of this Agreement shall apply notwithstanding the date, manner or order of perfection of the Bank's Lien and the Creditor's Lien, and notwithstanding any provisions of the Uniform Commercial Code, or any applicable law.

  • The Bank and the Creditor hereby irrevocably and unconditionally agree that the Creditor's Lien and any security interest, lien or claim that the Creditor may now or hereafter have or obtain in the Collateral and the Stock, is subordinate in all respects to the Bank's Lien and any security interest, lien or claim that the Bank may now or hereafter have or obtain in the Collateral and the Stock.