Common use of Perfection and Priority of Collateral Clause in Contracts

Perfection and Priority of Collateral. Lender has, or upon proper recording of any financing statement, execution of any control agreement or delivery of Collateral to Lender’s possession, 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.

Perfection and Priority of Collateral. Lender has, has or upon proper recording of any financing statement, execution of any control agreement or delivery of Collateral to Lender’s possession, 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, whatsoever except Permitted Liens.

Perfection and Priority of Collateral. Lender has, has or upon proper recording of any financing statement, execution of any control agreement agreement, or delivery of Collateral to Lender’s possession, will have and will continue to have as security for the Obligations, a valid and perfected Lien on and security interest in all Collateral Collateral, free of all other Liens, claims claims, and rights of third parties whatsoever, except Permitted Liens.

Perfection and Priority of Collateral. Lender has, has or upon proper recording of any financing statement, execution of any control agreement or delivery of Collateral to Lender’s 's possession, 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, whatsoever except Permitted Liens.

Perfection and Priority of Collateral. The Lender has, or upon proper execution and delivery of this Agreement and recording of any the financing statement, execution of any control agreement or delivery of Collateral to Lender’s possessionstatements executed by the Borrower, will have have, and will continue to have as security for the Obligations, a valid and perfected Lien perfected, first priority, lien on and security interest in all Collateral of the Collateral, free of all other Liensliens, claims and rights of third parties whatsoever, except Permitted Liens.

Perfection and Priority of Collateral. Lender has, has or upon proper recording or filing of any financing statement, execution of any control agreement or delivery of Collateral to Lender’s possession, 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, whatsoever except Permitted Liens.