PROHIBITION ON CONTESTING LIENS definition

PROHIBITION ON CONTESTING LIENS. No Junior Lien Secured Party will contest, or support any other person in contesting, the priority, validity, enforceability, perfection or protection of a lien on Collateral held by or on behalf of any of the Senior Lien Secured Parties.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Examples of PROHIBITION ON CONTESTING LIENS in a sentence

• PROHIBITION ON CONTESTING LIENS: No Secured Party will contest, or support any other person in contesting, the priority, validity or enforceability of a Lien on Collateral held by or on behalf of any of the First Lien Secured Parties or the Junior Lien Secured Parties.