Common use of Priority of Lien on Personal Property Clause in Contracts

Priority of Lien on Personal Property. No chattel mortgage, xxxx of sale, security agreement, financing statement or other title retention agreement has or will be executed with respect to any materials, fixtures, machinery, equipment or other personal property of the Borrower given as security for the Loan, without the prior written consent of the City.

Priority of Lien on Personal Property. No chattel mortgage, xxxx of sale, security agreement, financing statement or other title retention agreement has or will be executed with respect to any materials, fixtures, machinery, equipment or other personal property of the Borrower given as security for the Loan, without the prior written consent of the City, other than in favor of, the Agency and US Bank and as set forth on the attached Financial Structure and Lenders Schedule.

Priority of Lien on Personal Property. No chattel mortgage, xxxx of sale, security agreement, financing statement or other title retention agreement has or will be executed with respect to any materials, fixtures, machinery, equipment or other personal property of the Borrower given as security for the Loan, without the prior written consent of the City, other than in favor of, CICCAR and the Agency as set forth on the attached Financial Structure and Lenders Schedule.

Priority of Lien on Personal Property. No chattel mortgage, xxxx bill of sale, security agreement, financing statement or other title retention agreement has or will be executed with respect to any materials, fixtures, machinery, equipment or other personal property of the Borrower given as security for the Loan, without the prior written consent of the City, other than in favor of, the Agency and US Bank and as set forth on the attached Financial Structure and Lenders Schedule.