Priority of Liens. The foregoing liens shall be first and prior liens except for any Permitted Liens on assets which have priority or would have priority by the operation of Laws.
Appears in 11 contracts
Samples: Loan and Security Agreement (Tba Entertainment Corp), Distribution and Services Agreement (Accredo Health Inc), Loan and Security Agreement (Symbion Inc/Tn)
Priority of Liens. The foregoing liens shall be first and prior liens except for (1) any Permitted Liens on assets which have priority or would have priority by the operation of Laws, and (2) any Accounts that may not be legally assignable under applicable federal Medicare and Medicaid laws and regulations.
Appears in 2 contracts
Samples: Revolving Loan and Security Agreement (Specialty Care Network Inc), Revolving Loan and Security Agreement (Specialty Care Network Inc)
Priority of Liens. The foregoing liens shall be first and prior priority liens except for (a) liens with respect to the Senior Note, and (b) any Permitted Liens on assets which have priority or would have priority by the operation of Laws.
Appears in 1 contract
