Examples of Prior Liens in a sentence
B Prior Liens on Real Estate CCC’s security interest in the collateral, such as the actual storage structure, shall constitute the sole security interest in collateral.
The Agent holds a first-priority security interest in and continuing lien upon substantially all of Blackjewel L.L.C.’s assets, subject only to certain Permitted Prior Liens (as defined in the Riverstone Agreement).
All Mortgaged Properties are free and clear of Liens, except for Prior Liens and all of such other properties are free and clear of Liens, other than Permitted Liens.
The provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Prior Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein.
Any reference herein to the Lien of the Collateral Agent being “first priority” or words of similar effect shall mean that such Lien is a first priority Lien, subject only to the prior Lien securing the Revolving Obligations to the extent set forth in the Intercreditor Agreement and any other Permitted Prior Liens.