Common use of First Priority Perfected Security Interest Clause in Contracts

First Priority Perfected Security Interest. This Agreement is effective to create a valid and continuing first priority Lien on and first priority perfected security interest in the Pledged Stock in favor of Lender and prior to all other Liens, and is enforceable as such as against creditors of and purchasers from Pledgor.

Appears in 3 contracts

Samples: Pledge Agreement (Cabinet Grow, Inc.), Pledge Agreement (Cabinet Grow, Inc.), Pledge Agreement (Cabinet Grow, Inc.)

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First Priority Perfected Security Interest. This Agreement is effective to create a valid and continuing first priority Lien on and first priority perfected security interest in the Pledged Stock in favor of Lender Secured Parties and prior to all other Liens, and is enforceable as such as against creditors of and purchasers from Pledgor.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Humbl, Inc.), Stock Pledge Agreement (Humbl, Inc.)

First Priority Perfected Security Interest. This Agreement is effective to create a valid and continuing first priority Lien on and first priority perfected security interest in the Pledged Stock Membership Interest in favor of Lender and prior to all other Liens, and is enforceable as such as against creditors of and purchasers from Pledgor.

Appears in 1 contract

Samples: Membership Interest Pledge Agreement (Cabinet Grow, Inc.)

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First Priority Perfected Security Interest. This Agreement is effective to create a valid and continuing first priority Lien on and first priority perfected security interest in the Pledged Stock Equity Interest in favor of Lender and prior to all other Liens, and is enforceable as such as against creditors of and purchasers from Pledgor.

Appears in 1 contract

Samples: Pledge Agreement (Silver Dragon Resources Inc.)

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