Common use of First Priority Clause in Contracts

First Priority. Assuming the timely filing of financing statements covering the Collateral, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.

First Priority. Assuming the timely filing of financing statements covering the Collateral, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.

First Priority. Assuming the timely effecting of appropriate actions such as entry into deposit account control agreements and filing of financing statements covering the Collateral, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.

First Priority. Assuming the timely filing of financing statements -------------- covering the Collateral, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.

First Priority. Assuming the timely filing of financing statements covering the CollateralCollateral and, if applicable, the execution of the agreements referenced in Section 3.01(a)(ix) above, the security interest granted hereby constitutes a first priority security interest in and Lien on all of the Collateral, subject only to Permitted Liens.