Common use of Continued Priority of Security Interest Clause in Contracts

Continued Priority of Security Interest. The Debtor agrees that it will not, without the prior written consent of the Secured Party, create or suffer to exist any Lien or security interest upon or in the Collateral or any part thereof other than the lien and security interests created hereby and Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement (R&b Falcon Corp), Security Agreement (R&b Falcon Corp)

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Continued Priority of Security Interest. The Debtor agrees that it will not, without the prior written consent of the Secured Party, create or suffer to exist any Lien lien or security interest upon or in the Collateral or any part thereof other than the lien and security interests created hereby and Permitted Lienshereby.

Appears in 1 contract

Samples: Security Agreement (Patterson Energy Inc)

Continued Priority of Security Interest. The Debtor agrees that it will not, without the prior written consent of the Secured Party, create or suffer to exist any Lien lien or security interest upon or in the Collateral Accounts Receivable or any part thereof other than the lien and security interests created hereby and Permitted Lienshereby.

Appears in 1 contract

Samples: Security Agreement (Champion Communication Services Inc)

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Continued Priority of Security Interest. The Debtor agrees that it will not, without the prior written consent of the Secured Party, create or suffer to exist any Lien lien or security interest upon or in the Collateral or any part thereof other than the lien and security interests created hereby and Permitted Lienshereby.

Appears in 1 contract

Samples: Security Agreement (Champion Communication Services Inc)

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