Common use of First Priority Security Interest Clause in Contracts

First Priority Security Interest. Pledgee will at all times have a valid, perfected first-priority security interest in the Collateral.

Appears in 4 contracts

Sources: Assumption of Obligations and Pledge Agreement (Genius Products Inc), Assignment, Assumption and Pledge Agreement (Genius Products Inc), Assignment, Assumption and Pledge Agreement (American Vantage Companies)