Failure of Liens. Failure of the Lender's security interests covering the Collateral to constitute first and prior liens on any of the Collateral.
Appears in 3 contracts
Samples: Guaranty Agreement (Excalibur Industries Inc), Guaranty Agreement (Shumate Industries Inc), Loan Agreement (Excalibur Industries Inc)
Failure of Liens. Failure of the Lender's ’s security interests covering the Collateral to constitute first and prior liens on any of the Collateral.
Appears in 1 contract
