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.

Appears in 8 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Mascoma Corp), Loan and Security Agreement (Mascoma Corp)

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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.

Appears in 5 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)

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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Glu Mobile Inc)

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Loudeye Technologies Inc), Loan and Security Agreement (Onvia Com Inc)

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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.

Appears in 1 contract

Samples: Loan and Security Agreement (Phenomix CORP)

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