Common use of First Priority Lien Clause in Contracts

First Priority Lien. The lien against the Pledged Assets granted pursuant to this Agreement constitutes a valid, perfected first priority lien on the Pledged Assets, enforceable as such against all creditors of the Company and any persons purporting to purchase any of the Pledged Assets from the Company.

First Priority Lien. The lien against the Pledged Assets granted pursuant to this Agreement constitutes a valid, perfected first priority lien on the Pledged Assets, enforceable as such against all creditors of the Company and any persons Persons purporting to purchase any of the Pledged Assets from the Company.