Agent’s Liens. Any Lien created hereunder or provided for hereby or under any related agreement for any reason ceases to be or is not a valid and perfected Lien having a first priority interest;
Appears in 2 contracts
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Sachem Capital Corp.)
Agent’s Liens. Any Lien on any Collateral created hereunder or provided for hereby or under any related agreement for any reason Other Document ceases to be or is not a valid and perfected Lien having a first priority interest, except for any Permitted Encumbrance having Lien priority;
Appears in 2 contracts
Samples: Loan and Security Agreement (Lexington Precision Corp), Credit and Security Agreement (Lexington Precision Corp)
Agent’s Liens. Any If at any time any Lien in favor of Agent created hereunder or provided for hereby or under any related agreement Other Document for any reason ceases to be or is not a valid and perfected Lien having a first firs priority interestposition;
Appears in 1 contract
Samples: Security Agreement (Bio Reference Laboratories Inc)
Agent’s Liens. Any Lien Lxxx created hereunder or provided for hereby or under any related agreement for any reason ceases to be or is not a valid and perfected Lien having a first priority interest;
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
