Common use of First Lien on Pledged Deposit Account Clause in Contracts

First Lien on Pledged Deposit Account. The Awardee shall perfect and maintain a first and prior lien in the Pledged Deposit Account (pursuant to a deposit account agreement or similar agreement or mechanism for perfecting as provided by applicable law) in form acceptable to RUS.

Appears in 9 contracts

Samples: Loan and Security Agreement (OLD MARKET CAPITAL Corp), Cooperative Agreement, Loan and Security Agreement

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First Lien on Pledged Deposit Account. The Awardee shall perfect and maintain a first and prior lien in the Pledged Deposit Account (pursuant to a deposit account agreement or similar agreement or mechanism for perfecting as provided by applicable law) in form foam acceptable to RUS.

Appears in 3 contracts

Samples: Loan/Grant and Security Agreement (General Communication Inc), Loan/Grant and Security Agreement (General Communication Inc), Loan/Grant and Security Agreement (Gci Inc)

First Lien on Pledged Deposit Account. The Awardee Awardees shall perfect and maintain a first and prior lien in the Pledged Deposit Account (pursuant to a deposit account agreement or similar agreement or mechanism for perfecting as provided by applicable law) in form acceptable to RUS.

Appears in 1 contract

Samples: Broadband Initiatives Program Loan/Grant and Security Agreement

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First Lien on Pledged Deposit Account. The Awardee Borrower shall perfect and maintain a first and prior lien in the Pledged Deposit Account (pursuant to a deposit account agreement or similar agreement or mechanism for perfecting as provided by applicable law) in form acceptable to RUS.

Appears in 1 contract

Samples: Loan Agreement

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