Common use of Enforceability of Liens Clause in Contracts

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

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

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

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