First Priority Perfected Security Interest. This Agreement creates in favor of Secured Party a first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.
Appears in 3 contracts
Samples: Loan and Security Agreement (Arabian Shield Development Co), Pledge Agreement (Boyle Fleming & Co Inc), Pledge Agreement (Ultrak Inc)
First Priority Perfected Security Interest. This Agreement creates in favor of the Secured Party Parties a first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.
Appears in 1 contract
Samples: Convertible Promissory Note (Synovics Pharmaceuticals)
First Priority Perfected Security Interest. This Agreement Agreement, together with the delivery to Lender of the Collateral, creates in favor of Secured Party a perfected, first priority perfected security interest in the Collateral. There are no conditions precedent to the effectiveness of this Agreement that have not been fully and permanently satisfied.
Appears in 1 contract
