Common use of Lien Priority Clause in Contracts

Lien Priority. Unless otherwise previously disclosed to Lender in writing, Xxxxxxxx has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Xxxxxx's Security Interests and rights in and to such Collateral.

Appears in 36 contracts

Samples: Business Loan Agreement (Ames National Corp), Business Loan Agreement (Lodging Fund REIT III, Inc.), Business Loan Agreement (Addvantage Technologies Group Inc)

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Lien Priority. Unless otherwise previously disclosed to Lender in writing, Xxxxxxxx has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests interests on or affecting effecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to XxxxxxLender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Craftmade International Inc)

Lien Priority. Unless otherwise previously disclosed to Lender in writing, Xxxxxxxx has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and and Note, that would be prior or that may in any way be superior to XxxxxxLender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Samples: Loan Agreement (Medical Resources Management Inc)

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Lien Priority. Unless otherwise previously disclosed to Lender in writing, Xxxxxxxx has not entered into or granted any Security Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly securing repayment of Borrower's Loan and Promissory Note, that would be prior or that may in any way be superior to Xxxxxxlender's Security Interests and rights in and to such Collateral.

Appears in 1 contract

Samples: Master Revolving Line of Credit Promissory Note (PDS Financial Corp)

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