Common use of Priority of Lien on Personality Clause in Contracts

Priority of Lien on Personality. Except for lien rights of any Permanent Loan Mortgage holder, no chattel mortgage, bill of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of Xxxxxxx) has been or will be executed with respect to any personal property, chattel or fixture used in conjunction with the construction, operation, or maintenance of the Project as described.

Priority of Lien on Personality. Except for lien rights of any Permanent Loan Mortgage holder, no chattel mortgage, bill xxxx of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of XxxxxxxOCD) has been or will be executed with respect to any personal property, chattel or fixture used in conjunction with the construction, operation, or maintenance of the Project as described.