Common use of Status of Security Interest Clause in Contracts

Status of Security Interest. (a) Grantor shall maintain the security interest of the Lender hereunder in all Collateral as valid, perfected, first priority Liens (subject to Permitted Liens).

Appears in 8 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (First Foundation Inc.), Pledge and Security Agreement (ServisFirst Bancshares, Inc.)

AutoNDA by SimpleDocs

Status of Security Interest. (a) Grantor shall maintain the security interest of the Lender hereunder in all Collateral as valid, perfected, first priority Liens (subject to Permitted Liens).

Appears in 1 contract

Samples: Pledge and Security Agreement (Origin Bancorp, Inc. Attn: Chase Anderson)

Status of Security Interest. (a) Each Grantor shall maintain the security interest of the Lender Collateral Agent hereunder in all Collateral as valid, perfected, first priority Liens (subject to Permitted Liens).

Appears in 1 contract

Samples: Reimbursement and Guaranty Agreement (Delek US Holdings, Inc.)

AutoNDA by SimpleDocs

Status of Security Interest. (a) Such Grantor shall maintain the security interest of the Lender hereunder in all Collateral as a valid, perfected, first first-priority Liens Lien (subject subject, in the case of priority only, to Permitted Liens).

Appears in 1 contract

Samples: Collateral Agreement (Atrion Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!