Common use of Lien Priority Clause in Contracts

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;

Appears in 25 contracts

Samples: Loan and Security Agreement (Tenaya Therapeutics, Inc.), Loan and Security Agreement (Myomo, Inc.), Loan and Security Agreement (Castle Biosciences Inc)

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Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;.

Appears in 9 contracts

Samples: Loan and Security Agreement (ShockWave Medical, Inc.), Mezzanine Loan and Security Agreement (Ooma Inc), Loan and Security Agreement (Ooma Inc)

Lien Priority. There is a material impairment in the perfection or priority of the Bank’s security interest in the Collateral;

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (RingCentral Inc), Loan and Security Agreement (RingCentral Inc)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the CollateralCollateral (unless such failure is caused by Bank’s gross negligence or willful misconduct);

Appears in 2 contracts

Samples: Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;; 7.11

Appears in 2 contracts

Samples: Loan and Security Agreement (Innovid Corp.), Redacted Loan and Security Agreement (Sonder Holdings Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the CollateralCollateral to the extent expressly required to be maintained in accordance with the terms of this Agreement;

Appears in 1 contract

Samples: Loan and Security Agreement (Augmedix, Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in a material portion of the Collateral;

Appears in 1 contract

Samples: Loan and Security Agreement (Outbrain Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in a material portion of the Collateral;; 7.11 [Reserved]; or 7.12

Appears in 1 contract

Samples: Loan and Security Agreement (Outbrain Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the CollateralCollateral (other than as a result of a Permitted Lien);

Appears in 1 contract

Samples: Loan and Security Agreement (Savara Inc)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the CollateralCollateral on the terms set forth in the Loan Documents;

Appears in 1 contract

Samples: Loan and Security Agreement (Environmental Impact Acquisition Corp)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;; or

Appears in 1 contract

Samples: Loan and Security Agreement (Fastly, Inc.)

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Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;.

Appears in 1 contract

Samples: Loan and Security Agreement (Oaktree Acquisition Corp.)

Lien Priority. There is a material impairment (through no fault of Bank) in the perfection or priority of Bank’s security interest in the Collateral;

Appears in 1 contract

Samples: Loan and Security Agreement (Couchbase, Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;,

Appears in 1 contract

Samples: Loan and Security Agreement (Zars Inc/Ut)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;; 7.10

Appears in 1 contract

Samples: Loan and Security Agreement (Sunlight Financial Holdings Inc.)

Lien Priority. There is a material an impairment in the perfection or priority of Bank’s 's security interest in the Collateral;.

Appears in 1 contract

Samples: Loan and Security Agreement (A123 Systems Inc)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the CollateralCollateral not caused by the action, or inaction, of Bank;

Appears in 1 contract

Samples: Loan and Security Agreement (Evolv Technologies Holdings, Inc.)

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;Collateral (unless such failure is caused by Bank’s gross negligence or willful misconduct); 7.11

Appears in 1 contract

Samples: Loan and Security Agreement (SI-BONE, Inc.)

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