Common use of Enforceability of Liens Clause in Contracts

Enforceability of Liens. If any Lien granted by Borrower to Lender in connection with the Loan is or becomes invalid or unenforceable or is not, or ceases to be, a perfected first priority Lien in favor of Lender encumbering the asset which it is intended to encumber, and Borrower fails to cause such Lien to become a valid, enforceable, first and prior Lien in a manner satisfactory to Lender within ten (10) days after Lender delivers written notice thereof to Borrower.

Enforceability of Liens. If any Any Lien granted by Borrower to Lender in connection with the Loan Obligations is or becomes invalid or unenforceable or is not, or ceases to be, a perfected first priority Lien in favor of Lender encumbering the asset to which it is intended to encumber, and Borrower fails to cause such Lien to become a valid, enforceable, first and prior Lien in a manner satisfactory to Lender within ten (10) days after Lender delivers written notice thereof to Borrower.

Enforceability of Liens. If any Lien granted by Borrower to Lender in connection with the Loan is or becomes invalid or unenforceable or is not, or ceases to be, a perfected first priority Lien in favor of Lender encumbering the asset which it is intended to encumber, and Borrower fails to cause such Lien to become a valid, enforceable, first and prior Lien in a manner satisfactory to Lender Lender, in its sole discretion, within ten (10) days after Lender delivers written notice thereof to Borrower.