Common use of PERFECTION AND PRIORITY OF SECURITY Clause in Contracts

PERFECTION AND PRIORITY OF SECURITY. Silicon shall have received evidence satisfactory to it that its security interest in the Collateral has been duly perfected and that such security interest is prior to all other liens, charges, security interests, encumbrances and adverse claims in or to the Collateral other than Permitted Liens, which evidence shall include, without limitation, a certificate from the appropriate state agencies showing the due filing and first priority of the UCC Financing Statements to be signed by the Borrower covering the Collateral.

PERFECTION AND PRIORITY OF SECURITY. Silicon shall have received evidence satisfactory to it that its security interest in the Collateral has been duly perfected and that such security interest is prior to all other liens, charges, security interests, encumbrances and adverse claims in or to the Collateral other than Permitted Liens, which evidence shall include, without limitation, a certificate from the appropriate state agencies Oregon Secretary of State showing the due filing and first priority of the UCC Financing Statements to be signed by the Borrower covering the Collateral.

PERFECTION AND PRIORITY OF SECURITY. Silicon shall have received evidence satisfactory to it that its security interest in the Collateral has been duly perfected and that such security interest is prior to all other liens, charges, security interests, encumbrances and adverse claims in or to the Collateral other than Permitted Liens, which evidence shall include, without limitation, a certificate from the appropriate state agencies Oregon State Secretary of State showing the due filing and first priority of the UCC Financing Statements to be signed by the Borrower covering the Collateral, and evidence of the due filing of the Security Agreement in Copyrighted Works with the United States Copyright Office.

PERFECTION AND PRIORITY OF SECURITY. Silicon shall have received evidence satisfactory to it that its security interest in the Collateral has been duly perfected and that such security interest is prior to all other liens, charges, security interests, encumbrances and adverse claims in or to the Collateral other than Permitted Liens, which evidence shall include, without limitation, a certificate from the appropriate state agencies showing the due filing and first second priority of the UCC Financing Statements to be signed by the Borrower covering the Collateral.

PERFECTION AND PRIORITY OF SECURITY. Silicon shall have received evidence satisfactory to it that its security interest in the Collateral has been duly perfected and that such security interest is prior to all other liens, charges, security interests, encumbrances and adverse claims in or to the Collateral other than Permitted Liens, which evidence shall include, without limitation, a certificate from the appropriate state agencies Washington Department of Licensing showing the due filing and first priority of the UCC Financing Statements to be signed by the Borrower covering the Collateral.