Collateral Priority. The Bank shall have received evidence satisfactory to it that all Loan Documents perfecting the Bank’s security interest in Collateral have been duly recorded and filed and all other action necessary to perfect the Bank’s liens in the Collateral have been taken such that the Bank’s liens shall constitute first priority perfected liens in all Collateral, subject to no other liens or encumbrances unacceptable to the Bank, all to the Bank’s complete satisfaction.
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Arrhythmia Research Technology Inc /De/), Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)
Collateral Priority. The Bank shall have received evidence satisfactory to it that all Loan Documents perfecting the Bank’s 's security interest in Collateral have been duly recorded and filed and all other action necessary to perfect the Bank’s 's liens in the Collateral have been taken such that the Bank’s 's liens shall constitute first priority perfected liens in all Collateral, subject to no other liens or encumbrances unacceptable to the Bank, all to the Bank’s 's complete satisfaction.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)
Collateral Priority. The Bank shall have received evidence satisfactory to it that all Loan Documents perfecting the Bank’s security interest in Collateral have been duly recorded and filed and all other action necessary to perfect the Bank’s liens in the Collateral have been taken such that the Bank’s liens shall constitute first priority perfected liens in all Collateral, subject to no other liens or encumbrances unacceptable to the Bank, all to the Bank’s complete satisfaction.. Client Files/21878/0162/02177698.DOCX, 2
Appears in 1 contract
Samples: Loan and Security Agreement (Arrhythmia Research Technology Inc /De/)
