Common use of Agent’s Liens Clause in Contracts

Agent’s Liens. If any Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected first priority Lien on a material portion of the Assets covered thereby, except to the extent permitted by the terms of such Loan Document or as a result of any action of the Agent or a failure of the Agent to take any action within its control;

Agent’s Liens. If any Any Loan Document that creates or purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected first priority Lien on a material portion of the Assets covered therebyand, except to the extent permitted by the terms of such Loan Document hereof or as a result of any action of thereof, first priority Lien on or security interest in the Agent or a failure of the Agent to take any action within its controlCollateral covered thereby;

Agent’s Liens. If any Any Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected first priority Lien on a material portion of the Assets covered therebyand, except to the extent permitted by the terms of such Loan Document hereof or as a result of any action of thereof, first priority Lien on or security interest in the Agent or a failure of the Agent to take any action within its controlCollateral covered thereby;