Defective Perfection. If Lender shall receive at any time following the Closing Date an SOS Report indicating that except for Permitted Liens, Lender’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in such SOS Report;
Appears in 2 contracts
Samples: Loan and Security Agreement (Complete Genomics Inc), Loan and Security Agreement (Pac-West Telecomm Inc)
Defective Perfection. If Lender shall receive at any time following the Closing Date an SOS Report indicating that except for Permitted Liens, Lender’s security interest in the Collateral is not prior to all other security interests or Liens of record reflected in such SOS Reportthe report;
Appears in 2 contracts
Samples: Loan and Security Agreement (Rocky Mountain Chocolate Factory Inc), Loan and Security Agreement (U-Swirl, Inc.)
Defective Perfection. If Lender shall receive at any time following the Closing Date an SOS Report indicating that except for Permitted Liens, Lender’s security interest in Lien on the Collateral is not prior to all other security interests or Liens of record reflected in such SOS Reportthe report;
Appears in 1 contract
Defective Perfection. If Lender shall receive at any time --------------------- following the Closing Date an SOS Report indicating that except for Permitted Liens, Lender’s 's security interest in the Collateral is not prior to all other security interests or Liens of record reflected in such SOS Reportthe report;
Appears in 1 contract
Samples: Loan and Security Agreement (Citadel Security Software Inc)
