Common use of Ranking of security Clause in Contracts

Ranking of security. The security conferred by each Security Document constitutes a first priority security interest of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu Security.

Appears in 3 contracts

Samples: Facility Agreement (Northstar Realty Finance Corp.), Facility Agreement (NorthStar Healthcare Income, Inc.), Assignment Agreement (American Realty Capital Global Trust, Inc.)

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Ranking of security. The security conferred by each Security Document constitutes a first priority security interest of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu SecuritySecurity Interest.

Appears in 2 contracts

Samples: www.sec.gov, Agreement (Shurgard Storage Centers Inc)

Ranking of security. The security conferred by each Security Document (if any) constitutes a first priority security interest of the type and priority described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu SecuritySecurity Interest except for liens or other preferential interests arising by operation of law.

Appears in 1 contract

Samples: Term Loan Agreement (Fabrinet)

Ranking of security. The security conferred by each Each Security Document constitutes a creates first priority security interest Security Interests of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu SecuritySecurity Interest.

Appears in 1 contract

Samples: Facility Agreement (Aquaventure Holdings LLC)

Ranking of security. The security Subject to the provisions of the Deed of Priority, the Security conferred by each Security Document constitutes a first priority security interest of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu Security.

Appears in 1 contract

Samples: Agreement

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Ranking of security. The Subject to the Legal Reservations and Perfection Requirements, the security conferred by each Security Document constitutes a first priority security interest of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu Security except Permitted Security.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Ranking of security. The Subject to the perfection requirements, the security conferred by each Security Document constitutes a first ranking and priority security interest of the type described, over the assets referred to, in that Security Document and those assets are not subject to any prior or pari passu Securitysecurity interest.

Appears in 1 contract

Samples: Convertible Loan Agreement (VDA GROUP S.p.A.)

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