Common use of First Priority Lien Clause in Contracts

First Priority Lien. The Agent on behalf of the Lenders holds a first priority lien, subject to no other Liens other than Permitted Liens in the Collateral.

Appears in 1 contract

Sources: Credit Agreement (Pluma Inc)

First Priority Lien. The Agent on behalf of the Lenders holds will hold a first priority lien, subject to no other Liens other than Permitted Liens in the Collateral.

Appears in 1 contract

Sources: Credit Agreement (Resortquest International Inc)

First Priority Lien. The Collateral Agent on behalf of the Lenders (and affiliates of Lenders as to certain obligations under Hedging Agreements) and the Noteholders, holds a first priority lien, subject to no other Liens other than Permitted Liens in the Collateral.

Appears in 1 contract

Sources: Credit Agreement (Fritz Companies Inc)

First Priority Lien. The Agent Agent, on behalf of the Lenders Lenders, holds a first priority lien, subject to no other Liens other than the Permitted Liens Liens, in the Collateral.

Appears in 1 contract

Sources: Credit Agreement (Worldtex Inc)

First Priority Lien. The Agent Agent, on behalf of the Lenders Lenders, holds a first priority lien, subject to no other Liens other than Permitted Liens Liens, in the Collateral.

Appears in 1 contract

Sources: Credit Agreement (Staff Leasing Inc)