Common use of Permitted Liens and Relative Priorities Clause in Contracts

Permitted Liens and Relative Priorities. As among the Secured Creditors, and notwithstanding the terms (including the description of Collateral), dating, execution, or delivery of any document, instrument, or agreement; the time, order, method, or manner of granting, or perfection of any security interest or lien; the time of filing or recording of any financing statements, assignments, deeds of trust, mortgages, or any other documents, instruments, or agreements under the UCC or any other applicable law; and any provision of the UCC or any other applicable law to the contrary, the Secured Creditors agree:

Appears in 5 contracts

Samples: Intercreditor and Subordination Agreement (Firepond, Inc.), Intercreditor and Subordination Agreement (Enherent Corp), Intercreditor and Subordination Agreement (Abraxas Petroleum Corp)

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Permitted Liens and Relative Priorities. As among the Secured Creditors, and notwithstanding the terms (including the description of Collateral), dating, execution, or delivery of any document, instrument, or agreement; the time, order, method, or manner of granting, or perfection of any security interest or lien; the time of filing or recording of any financing statements, assignments, deeds of trust, mortgages, or any other documents, instruments, or agreements under the UCC or any other applicable law; law and any provision of the UCC or any other applicable law to the contrary, the Secured Creditors agree:

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement (Wentworth Energy, Inc.), Intercreditor and Subordination Agreement (Wentworth Energy, Inc.)

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