Common use of Priority of Liens Clause in Contracts

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party has any right, title or interest, in favor of Administrative Agent for the benefit of Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, enforceable first priority security interests in and Liens on all of the Collateral in which any Borrower Party or any Managing Entity has any right, title or interest, in favor of Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens (subject only to Permitted Liens) on all of the Collateral in which any Fund Borrower Party has any right, title or interest, in favor of Administrative Agent for the benefit of Secured Parties, subject to no other Liens (other than Permitted Liens)Lenders, except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party or Adviser has any right, title or interest, in favor of Administrative Agent for the benefit of Secured PartiesLenders, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the ObligationsObligations of the Fund Group, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any each Borrower Party has any right, title or interest, in favor of the Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principlesLegal Reservations.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, enforceable first priority security interests in and Liens on all of the Collateral in which any Borrower Fund Party or any Managing Entity has any right, title or interest, ultimately in favor of Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party has any right, 4857-3757-1665 v.17 title or interest, in favor of Administrative Agent for the benefit of Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Fund Party or any Managing Entity has any right, title or interest, ultimately in favor of the Administrative Agent Agent, for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any the Borrower Party has any right, title or interest, in favor of the Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principlesLegal Reservations.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Loan Party or General Partner has any right, title or interest, in favor of Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except Xxxxx in favor of the depository bank (that are subordinated to the Liens hereunder in favor of Administrative Agent and the other Secured Parties) and as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority (subject to Permitted Liens) security interests in and Liens on all of the Collateral in which any Borrower Loan Party or any General Partner has any right, title or interest, in favor of the Administrative Agent for the benefit of Secured Partiesthe Lenders, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party Pledgor or General Partner has any right, title or interest, in favor of Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Lienssubject to Liens expressly permitted by Section 10.02 of this Credit Agreement), except as enforceability may be limited by Debtor Relief Laws and equitable principlesprinciples (whether considered in a proceeding in equity or at law).

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Loan Party has any right, title or interest, in favor of Administrative Agent for the benefit of Secured PartiesLenders, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party has any right, title or interest, in favor of Administrative Funding Agent for the benefit of Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.

Priority of Liens. The Collateral Documents create, as security for the Obligations, valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Fund Party or any Managing Entity has any right, title or interest, ultimately in favor of Administrative Agent for the benefit of the Secured Parties, subject to no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles.