Common use of Perfection and Evidence of Priority Clause in Contracts

Perfection and Evidence of Priority. Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others’ rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s interest.

Appears in 19 contracts

Samples: Loan Agreement (Energy Resources 12, L.P.), Loan Agreement (Technical Communications Corp), Loan Agreement (Schmitt Industries Inc)

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Perfection and Evidence of Priority. Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others' rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s 's interest.

Appears in 14 contracts

Samples: Loan Agreement (Mechanical Technology Inc), Loan Agreement (Mexco Energy Corp), Loan Agreement (Lifeloc Technologies, Inc)

Perfection and Evidence of Priority. `Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others' rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s 's interest.

Appears in 1 contract

Samples: Loan Agreement (Video Display Corp)

Perfection and Evidence of Priority. Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly property perfected in a manner acceptable to the Bank and prior to all others’ rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s interest.

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

Perfection and Evidence of Priority. Evidence Financing statements, together with evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others’ rights and interests, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s interest.

Appears in 1 contract

Samples: Loan Modification Agreement (Zumiez Inc)

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Perfection and Evidence of Priority. Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others' rights and interests, except those the Bank consents to in writingwriting on Schedule 7.5. All title documents for motor vehicles which are part of the collateral must show the Bank’s 's interest.

Appears in 1 contract

Samples: Loan Agreement (Decorize Inc)

Perfection and Evidence of Priority. Evidence that the security interests and liens in favor of the Bank are valid, enforceable, properly perfected in a manner acceptable to the Bank and prior to all others’ rights and interestsinterest, except those the Bank consents to in writing. All title documents for motor vehicles which are part of the collateral must show the Bank’s interest. 2.11 A new Paragraph 5.13 is added to the Agreement, which reads in its entirety as follows:

Appears in 1 contract

Samples: Loan Agreement (Ambassadors International Inc)

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