Common use of First Priority Perfected Security Interest Clause in Contracts

First Priority Perfected Security Interest. This Agreement creates in favor of Secured Party a first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.

First Priority Perfected Security Interest. This Agreement Agreement, together with the delivery to Lender of the Collateral, creates in favor of Secured Party a perfected, first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.. Section 2.7

First Priority Perfected Security Interest. This Agreement Agreement, together with the delivery to Secured Party of the Collateral, creates in favor of Secured Party and the Lenders a Craftmade International, Inc. Amended and Restated Pledge Agreement 3 120 perfected, first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.

First Priority Perfected Security Interest. This Agreement creates in favor of Secured Party a first priority perfected security interest in the Collateral. There are no conditions precedent to Collateral currently in existence, which will be perfected upon delivery of the effectiveness of this Agreement that have not been fully and permanently satisfiedcertificate evidencing the Collateral together with an undated stock power endorsed in blank.