Common use of Status of Liens Clause in Contracts

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any collateral for the Liabilities;

Appears in 26 contracts

Samples: Guaranty Agreement (Enterprise Products Partners L.P.), Guaranty Agreement (Enterprise Products Partners L.P.), Guaranty Agreement (Enterprise Products Partners L.P.)

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Status of Liens. The fact that any collateral, security, security interest or lien Lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lienLien, it being recognized and agreed by the Guarantor that the Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the LiabilitiesObligations;

Appears in 24 contracts

Samples: Guaranty Agreement (Corrida Resources Inc), Guaranty Agreement (Ocean Energy Inc), Guaranty Agreement (United Meridian Corp)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by each Guarantor that no Guarantor is not entering into this Guaranty Agreement Article VIII in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the LiabilitiesObligations;

Appears in 22 contracts

Samples: Second Lien Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the Liabilities;

Appears in 10 contracts

Samples: Guaranty Agreement (Titan Exploration Inc), Indenture (Brigham Holdings Ii LLC), Guaranty Agreement (Brigham Exploration Co)

Status of Liens. The fact that any collateral, security, security interest or lien Lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lienLien, it being recognized and agreed by each Guarantor that no Guarantor is not entering into this Guaranty Agreement Article VIII in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the LiabilitiesObligations;

Appears in 6 contracts

Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the Liabilities;

Appears in 5 contracts

Samples: Credit Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Status of Liens. The fact that any collateral, security, security --------------- interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the Liabilities;.

Appears in 4 contracts

Samples: Guaranty Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co)

Status of Liens. The fact that any collateral, securitysecurity interest, security interest or lien contemplated or intended to be given, created created, or granted as security for the repayment of the Liabilities shall Indebtedness is or is not be properly perfected or created, or shall prove proves to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility, or value of any of the collateral for the LiabilitiesIndebtedness;

Appears in 4 contracts

Samples: Guaranty Agreement (Moody National REIT I, Inc.), Guaranty Agreement (Moody National REIT I, Inc.), Limited Guaranty Agreement (Moody National REIT I, Inc.)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any collateral for the LiabilitiesObligations;

Appears in 4 contracts

Samples: Unconditional Guaranty Agreement (Tidel Technologies Inc), Unconditional Guaranty Agreement (Tidel Technologies Inc), Unconditional Guaranty Agreement (Tidel Technologies Inc)

Status of Liens. The fact that any collateral, security, --------------- security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the Liabilities;.

Appears in 3 contracts

Samples: Guaranty Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co), Guaranty Agreement (St Mary Land & Exploration Co)

Status of Liens. The fact that any collateral, security, security interest interest, or lien contemplated or intended to be given, created created, or granted as security for the repayment of the Liabilities Guaranteed Debt shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor Guarantors that Guarantor is Guarantors are not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility, or value of any of the collateral for the Liabilities;Guaranteed Debt.

Appears in 2 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co)

Status of Liens. The fact that any collateral, securitysecurity interest, security interest or lien contemplated or intended to be given, created created, or granted as security for the repayment of the Liabilities shall Guaranteed Obligations is or is not be properly perfected or created, or shall prove proves to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility, or value of any of the collateral for the LiabilitiesGuaranteed Obligations;

Appears in 2 contracts

Samples: Guaranty Agreement (STW Resources Holding Corp.), Guaranty Agreement (STW Resources Holding Corp.)

Status of Liens. The fact that any collateral, securityCollateral, security interest or lien Lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lienLien, it being recognized and agreed by each Guarantor that such Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any collateral of the Collateral for the LiabilitiesObligations;

Appears in 2 contracts

Samples: Canadian Revolving Credit Agreement (Brown Tom Inc /De), u.s. Revolving Credit Agreement (Brown Tom Inc /De)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Subordinated Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by each Guarantor that no Guarantor is not entering into this Guaranty Agreement Article VIII in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the LiabilitiesSubordinated Obligations;

Appears in 2 contracts

Samples: Subordinated Credit Agreement (Brigham Exploration Co), Subordinated Credit Agreement (Brigham Exploration Co)

Status of Liens. The the fact that any collateral, security, security interest or lien Lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lienLien, it being recognized and agreed by the Guarantor that the Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the LiabilitiesObligations;

Appears in 2 contracts

Samples: Guaranty Agreement (Ocean Energy Inc /Tx/), Revolving Credit Agreement (Ocean Energy Inc /Tx/)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by each Guarantor that no Guarantor is not entering into this Guaranty Agreement Article VIII in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the LiabilitiesObligations;

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling International)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that such Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any collateral for the LiabilitiesObligations;

Appears in 1 contract

Samples: Unlimited Continuing Guaranty Agreement (Better Choice Co Inc.)

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Status of Liens. The fact that any collateral, security, ---------------- security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the Liabilities;.

Appears in 1 contract

Samples: Credit Agreement (St Mary Land & Exploration Co)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any collateral for the Liabilities;

Appears in 1 contract

Samples: Guaranty Agreement (Enterprise Products Operating L P)

Status of Liens. The fact that any collateral, securitysecurity interest, security interest or lien contemplated or intended to be given, created created, or granted as security for the repayment of the Liabilities shall Indebtedness is not be properly perfected or created, or shall prove proves to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectability, or value of any of the collateral for the LiabilitiesIndebtedness;

Appears in 1 contract

Samples: Commercial Guaranty Agreement (Independent Bank Group Inc)

Status of Liens. The fact that any collateral, security, --------------- security interest or lien contemplated or intended to be given, created or granted as security for the repayment or performance of the Liabilities Guaranteed Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the LiabilitiesGuaranteed Obligations;

Appears in 1 contract

Samples: Guaranty Agreement (Pure Resources Inc)

Status of Liens. The fact that any collateral, security, security --------------- interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the Liabilities;

Appears in 1 contract

Samples: Guaranty Agreement (Pure Resources Inc)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Obligations shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by each Guarantor that such Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any collateral for the LiabilitiesObligations;

Appears in 1 contract

Samples: Note Purchase Agreement (Ace Cash Express Inc/Tx)

Status of Liens. The fact that any collateral, --------------- security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Indebtedness shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of the collateral for the LiabilitiesIndebtedness;

Appears in 1 contract

Samples: Guaranty Agreement (Neon Systems Inc)

Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities Guaranteed Debt shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by the Guarantor that the Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the LiabilitiesGuaranteed Debt;

Appears in 1 contract

Samples: Amendment No. 1 and Waiver Agreement (Enhance Financial Services Group Inc)

Status of Liens. The fact that any collateral, security, --------------- security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the Liabilities;

Appears in 1 contract

Samples: Senior Note Agreement (Pure Resources Inc)

Status of Liens. The fact that any collateral, security, security interest or lien Lien contemplated or intended to be given, created or granted as security for the repayment of the Liabilities shall not be properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, Lien; it being recognized and agreed by Guarantor that Guarantor is not entering into this Guaranty Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability collectibility or value of any of the collateral for the Liabilities;

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

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