Common use of Lien of Security Agreement Clause in Contracts

Lien of Security Agreement. Upon execution of the Security Agreement, the Administration will have a lien and security interest in the equipment listed in Exhibit B to the Security Agreement, which shall be perfected by the filing of the necessary financing statements in the appropriate locations.

Lien of Security Agreement. Upon execution of the Security Agreement, the Administration will have a valid and, subject to any permitted liens, first lien and security interest in the equipment Equipment listed in Exhibit B to and as required under the Security Agreement, which shall be perfected by the filing of the necessary financing statements in the appropriate locations.