Common use of Exclusive and First Priority Perfected Lien Clause in Contracts

Exclusive and First Priority Perfected Lien. Administrative Agent has, as of the Effective Date, and shall continue to have, until all of the Obligations are paid and satisfied in full, first priority, valid perfected liens upon and security interests in all of the collateral under the Loan Documents to secure the payment and performance of all of the Obligations.

Appears in 2 contracts

Samples: Limited Consent and Thirteenth Omnibus Amendment Agreement (Nexpoint Diversified Real Estate Trust), Loan Modification Agreement (Nexpoint Diversified Real Estate Trust)

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Exclusive and First Priority Perfected Lien. Administrative Agent has, as of the Effective Datedate hereof, and shall continue to have, until all of the Obligations are paid and satisfied in full, first priority, valid perfected liens upon and security interests in all of the collateral under the Loan Documents Collateral to secure the payment and performance of all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (America First Multifamily Investors, L.P.)

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Exclusive and First Priority Perfected Lien. The Administrative Agent has, as of the Effective Date, and shall continue to have, until all of the Obligations are paid and satisfied in full, first priority, valid perfected liens upon and security interests in all of the collateral under the Loan Documents to secure the payment and performance of all of the Obligations.

Appears in 1 contract

Samples: Omnibus Amendment Agreement (Nexpoint Diversified Real Estate Trust)

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