Common use of Priority of Lien Clause in Contracts

Priority of Lien. This Agreement constitutes a valid and continuing lien on and security interest in the Collateral in favor of Holder, prior to all other liens, encumbrances, security interests and rights of others arising from any acts or omissions of Pledgor, and is enforceable as such as against creditors of and purchasers from Pledgor.

Priority of Lien. This Agreement constitutes a valid and continuing lien on and security interest in the Collateral in favor of HolderCollateral Agent, prior to all other liens, encumbrances, security interests and rights of others arising from any acts or omissions of Pledgor, and is enforceable as such as against creditors of and purchasers from Pledgor.. Upon the execution and delivery of this Agreement, Xxxxxx will have a first priority perfected security interest in the Collateral prior to any other security interest created under the applicable Uniform Commercial Code. Pledgor hereby covenants to the Holder that:

Priority of Lien. This Agreement constitutes a valid and continuing lien on and security interest in the Collateral in favor of Holder, prior to all other liens, encumbrances, security interests and rights of others arising from any acts or omissions of Pledgor, and is enforceable as such as against creditors of and purchasers from the Pledgor.

Priority of Lien. This Agreement constitutes a valid and continuing lien on and security interest in the Collateral in favor of Holder, prior to all other liens, encumbrances, security interests and rights of others arising from any acts or omissions of Pledgor, except those of DCL as set forth in the Purchase Agreement, and is enforceable as such as against creditors of and purchasers from Pledgor.