Common use of Priority of Lien on Personalty Clause in Contracts

Priority of Lien on Personalty. No chattel mortgage, bill xx sale, security agreement, financing statement or other title retention agreement (except those executed in favor of Lender) has been or will be executed with respect to any personal property, chattel or fixture granted to Lender under the Loan Documents as security for the payment and performance of the Loan obligations.

Appears in 3 contracts

Samples: Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp)

AutoNDA by SimpleDocs

Priority of Lien on Personalty. No chattel mortgage, bill xx xxxx of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of LenderLender and other Permitted Liens) has been or will be executed with respect to any personal property, chattel or fixture granted to Lender under the Loan Documents as security for the payment and performance of the Loan obligationsCollateral, unless otherwise approved by Lender in accordance with the Security Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Venus Concept Inc.), Loan Agreement (Venus Concept Inc.), Loan Agreement (Venus Concept Inc.)

Priority of Lien on Personalty. No chattel mortgage, bill xx xxxx of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of Lender) has been or will be executed with respect to any personal property, chattel or fixture granted to Lender under the Loan Documents as security for the payment and performance of the Loan obligationsCollateral or otherwise approved by Lender in accordance with the Security Agreement.

Appears in 2 contracts

Samples: Loan Agreement (LGL Group Inc), Loan Agreement (LGL Group Inc)

Priority of Lien on Personalty. No chattel mortgage, bill xx bxxx of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of Lender) has been or will be executed with respect to any personal property, chattel or fixture granted to Lender under the Loan Documents as security for the payment and performance of the Loan obligationsCollateral or otherwise approved by Lender in accordance with the Leasehold Mortgage or the Security Agreement.

Appears in 1 contract

Samples: Loan Agreement (ARC Group, Inc.)

AutoNDA by SimpleDocs

Priority of Lien on Personalty. No Except for Permitted Liens, no chattel mortgage, bill xx bxxx of sale, security agreement, financing statement or other title retention agreement (except those executed in favor of Lender) has been or will be executed with respect to any personal property, chattel or fixture granted to Lender under the Loan Documents as security for the payment and performance of the Loan obligationsCollateral unless otherwise approved by Lender in accordance with the Security Agreement.

Appears in 1 contract

Samples: Loan Agreement (Coda Octopus Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.