Common use of Acknowledgment of Lien Clause in Contracts

Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has been granted a Lien upon the Collateral.

Appears in 3 contracts

Samples: Subordination and Intercreditor Agreement (Chromocell Therapeutics Corp), Intercreditor Agreement (Verrazano,inc.), Subordination and Intercreditor Agreement (Thomas Equipment, Inc.)

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Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has been or may be granted a Lien or otherwise has or may have rights in or upon all or a portion of the Collateral.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement (Environmental Tectonics Corp), Subordination and Intercreditor Agreement (Environmental Tectonics Corp)

Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has Creditors have been granted a Lien upon the Collateral.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement, Subordination and Intercreditor Agreement (Stream Global Services, Inc.)

Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has Creditors have been granted a Lien upon the Collateral; provided, that, Lender has only been granted a Lien upon the Lender Priority Collateral.

Appears in 1 contract

Samples: Indenture (Transtexas Gas Corp)

Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has been granted a Lien upon the Collateral. Lender hereby agrees and acknowledges that Foothill has been granted a Lien upon the Foothill Cash Collateral.

Appears in 1 contract

Samples: Promissory Note (Scient Inc)

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Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has been granted a Lien or otherwise has rights in or upon all or a portion of the Collateral.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Environmental Tectonics Corp)

Acknowledgment of Lien. Each Creditor hereby agrees and acknowledges that the other Creditor has been granted a Lien or otherwise has rights in upon the Collateral.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Environmental Tectonics Corp)

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