Common use of Evidence of Perfection and Priority of Liens Clause in Contracts

Evidence of Perfection and Priority of Liens. Lender shall have received copies of all filing receipts or acknowledgments issued by any Governmental Authority to evidence any filing or recordation necessary to perfect the Liens of Lender in the Collateral and evidence in form satisfactory to Lender that such Liens constitute valid and perfected security interests and Liens, and that there are no other Liens upon any Collateral except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (Artesyn Technologies Inc), Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Sed International Holdings Inc)

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Evidence of Perfection and Priority of Liens. Lender shall have received copies of all filing receipts or acknowledgments issued by any Governmental Authority governmental authority to evidence any filing or recordation necessary to perfect the Liens of Lender in the Collateral and evidence in form satisfactory to Lender that such Liens constitute valid and perfected security interests and Liensfirst priority Liens (or that arrangements acceptable to the Lender for the making of such filings have been made), and that there are no other Liens upon any Collateral except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Proficient Auto Logistics, Inc)

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Evidence of Perfection and Priority of Liens. Lender shall have received copies of all filing receipts or acknowledgments issued by any Governmental Authority to evidence any filing or recordation necessary to perfect the Liens of Lender in the Collateral and evidence in form satisfactory to Lender that such Liens constitute valid and perfected first priority security interests and Liens, and that there are no other Liens upon any Collateral Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Setech Inc /De)

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