First Priority Lien. Receipt by the Agent of evidence satisfactory in form and substance to the Agent, that the Agent, on behalf of the Lenders, holds a perfected, first priority lien, subject to no other Liens other than Permitted Liens, in the Collateral.
Appears in 3 contracts
Samples: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc), Credit Agreement (Chattem Canada Holdings Inc)
First Priority Lien. Receipt by the Agent of evidence satisfactory in form and substance to the Agent, that the Agent, on behalf of the Lenders, Collateral Agent holds a perfected, first priority lien, Lien (subject to no other Liens other than Permitted Liens, ) in the Collateral.
Appears in 1 contract
First Priority Lien. Receipt by the Agent of evidence satisfactory in form and substance to the Agent, that the Collateral Agent, on behalf of the LendersLenders (and affiliates of Lenders as to certain obligations under Hedging Agreements) and the Noteholders, holds a perfected, first priority lien, subject to no other Liens other than Permitted Liens, in the Collateral.
Appears in 1 contract
First Priority Lien. Receipt by the Agent of evidence satisfactory in form and substance to the Agent, that the Agent, on behalf of the Lenders, holds a perfected, first priority lien, subject to no other Liens other than the Permitted Liens, in the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Worldtex Inc)
First Priority Lien. Receipt by the Agent of evidence satisfactory ------------------- in form and substance to the Agent, that the Agent, on behalf of the Lenders, holds a perfected, first priority lien, subject to no other Liens other than Permitted Liens, in the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Chattem Inc)