Common use of Perfection and Priority of Collateral Clause in Contracts

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens.

Appears in 6 contracts

Samples: Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Glasstech Inc)

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Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.20 attached hereto and made a part hereof.

Appears in 4 contracts

Samples: Financing and Security Agreement (Rand Worldwide Inc), Financing and Security Agreement (Argan Inc), Financing and Security Agreement (Argan Inc)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.19 attached hereto and made a part hereof.

Appears in 4 contracts

Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Pec Solutions Inc), Financing and Security Agreement (Versar Inc)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.20 contained in the Disclosure Schedule.

Appears in 3 contracts

Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.20 attached hereto and made a part hereof.

Appears in 3 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security other Financing Documents and, if required, the recording of the same, will have, and will continue to have as security for the Obligations, a valid and perfected Lien on on, and security interest in in, all of the Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens.

Appears in 2 contracts

Samples: Financing Agreement (Town & Country Trust), Financing Agreement (Town & Country Trust)

Perfection and Priority of Collateral. The Lender has, or upon execution execution, delivery and recording of this Agreement and the Security Documents will have, and will continue to have as security for the ObligationsObligations and the other obligations secured by this Agreement, a valid and perfected Lien on and security interest in all of the Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Lienswhatsoever.

Appears in 2 contracts

Samples: Pledge, Assignment and Security Agreement (Argan Inc), Pledge, Assignment and Security Agreement (Argan Inc)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens., including, without limitation, those described on Schedule 4.1.19 attached hereto and made a part hereof. 4.1.20

Appears in 1 contract

Samples: Financing and Security Agreement (Halifax Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.21 attached hereto and made a part hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Spacehab Inc \Wa\)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens., including, without limitation, those described on Schedule 4.1.19 attached hereto and made a part hereof..

Appears in 1 contract

Samples: Financing and Security Agreement (Sensytech Inc)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.22 attached hereto and made a part hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Dcap Group Inc/)

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Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.19.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

Perfection and Priority of Collateral. The Lender hashave, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.18 attached hereto and made a part hereof.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, those described on Schedule 4.1.21 attached hereto and made a part hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Gp Strategies Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all CollateralCollateral (except for such Collateral as may be perfected only by filings made outside of the United States), free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens.

Appears in 1 contract

Samples: Financing and Security Agreement (Dispatch Management Services Corp)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens, including, without limitation, any set forth on Schedule 4.1.19.

Appears in 1 contract

Samples: Financing and Security Agreement (Paradise Color Inc)

Perfection and Priority of Collateral. The Lender has, or upon execution and recording of this Agreement and the Security Documents will have, and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral, free of all other Liens, claims and rights of third parties whatsoever except Permitted Liens., including, without limitation, those described on Schedule 4.1.21 attached hereto and made a part hereof. ---------------

Appears in 1 contract

Samples: Financing and Security Agreement (Spacehab Inc \Wa\)

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