Common use of LIENS AGAINST PERSONAL PROPERTY Clause in Contracts

LIENS AGAINST PERSONAL PROPERTY. Only the Bank shall have liens against the Collateral. If any other such liens exist that have not been released of record, Borrower will obtain the immediate release of any such liens.

Appears in 3 contracts

Samples: Loan Agreement (King Pharmaceuticals Inc), Loan Agreement (King Pharmaceuticals Inc), Loan Agreement (King Pharmaceuticals Inc)

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LIENS AGAINST PERSONAL PROPERTY. Only the Bank shall have liens against the CollateralBorrower's tangible and intangible personal assets. If any other such liens exist that have not been released of record, Borrower will obtain the immediate release of any such liens.

Appears in 1 contract

Samples: Loan Agreement (King Pharmaceuticals Inc)

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