Impairment of Security. If any Lien granted hereunder shall terminate (except in accordance with its terms) or shall cease to be a first priority perfected security interest in favor of Secured Party (subject to Permitted Encumbrances or other security interests or claims approved by Secured Party).
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Samples: Security Agreement (Jerrick Media Holdings, Inc.), Loan Agreement (Jerrick Media Holdings, Inc.)
Impairment of Security. If any Lien granted hereunder shall terminate (except in accordance with its terms) or shall cease to be a first priority perfected security interest in favor of Secured Party Parties (subject to Permitted Encumbrances or other security interests or claims approved by Secured PartyParties).
Appears in 1 contract
Impairment of Security. If any Lien lien granted hereunder shall terminate (except in accordance with its terms) or shall cease to be a first priority perfected security interest in favor of Secured Party (subject to the Permitted Encumbrances or other security interests or claims approved by Secured Party).
Appears in 1 contract
Impairment of Security. If any Lien granted hereunder shall terminate (except in accordance with its terms) or shall cease to be a first priority perfected security interest in favor of Secured Party (subject to the Permitted Encumbrances or other security interests or claims approved by Secured Party).
Appears in 1 contract
Samples: Security Agreement (Aceragen, Inc.)
