First Priority Security Interest. The grant of the security interest in the Collateral pursuant to this Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Debtor and all third parties and securing payment of the Obligations.
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Samples: Security Agreement (Edge Petroleum Corp), Security Agreement (Triathlon Broadcasting Co), Credit Agreement (Midcoast Energy Resources Inc)
First Priority Security Interest. The grant of the security interest in the Collateral pursuant to this Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Debtor Pledgor and all third parties and securing payment of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Kinder Morgan Energy Partners Lp)
First Priority Security Interest. The grant of the security interest in the Collateral pursuant to this Agreement creates a valid and perfected first priority security interest in the Collateral, enforceable against Debtor and all third parties and securing payment of the ObligationsObligations subject to no Liens other than those Liens created by this Agreement.
Appears in 1 contract
First Priority Security Interest. The grant of the security interest in the Collateral pursuant to this Agreement creates a valid and perfected enforceable first priority security interest in the Collateral, enforceable against Debtor and all third parties and securing payment of the ObligationsObligations subject to no Liens other than the Liens created by this Agreement.
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