Common use of Valid Security Interest Clause in Contracts

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 31 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

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Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party Parties in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark OfficeUCC. Such Security Interest will be prior to all other Liens liens on the Collateral, except for Permitted Liens.

Appears in 4 contracts

Samples: Security Agreement (Paxton Energy Inc), Security Agreement (Rvision, Inc), Security Agreement (Ethos Environmental, Inc.)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 3 contracts

Samples: Co Development and Commercialization Agreement, Co Development and Commercialization Agreement (Acucela Inc.), Co Development and Commercialization Agreement (Acucela Inc)

Valid Security Interest. The Other than with respect to the Collateral set forth, the Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for subject to the Permitted Liens.

Appears in 2 contracts

Samples: Blanket Security Agreement (Genesys Industries, Inc.), Blanket Security Agreement (Genesys Industries, Inc.)

Valid Security Interest. The Other than with respect to the Collateral set forth on Schedule 2, the Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for subject to the Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such The Security Interest will be prior to all other Liens on the Collateral, Collateral except for Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement (Organic to Go Food CORP), Security Agreement (Organic to Go Food CORP)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark OfficeUCC. Such Security Interest will be prior to all other Liens liens on the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Vocalscape Networks, Inc.)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected priority security interest in favor of the Secured Party Parties in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Mechanical Technology Inc)

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Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted LiensLiens .

Appears in 1 contract

Samples: Security Agreement (Digital Lightwave Inc)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party Parties in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Mitek Systems Inc)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party Parties in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark OfficeUCC. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Deltagen Inc)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected security interest in favor of the Secured Party in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted LiensUCC.

Appears in 1 contract

Samples: Security Agreement (Ethos Environmental, Inc.)

Valid Security Interest. The Security Interest granted pursuant to this Agreement will constitute a valid and continuing first priority, perfected priority security interest in favor of the Secured Party Parties in the Collateral for which perfection is governed by the UCC or filing with the United States Copyright Office or United States Patent and Trademark Office. Such Security Interest will be prior to all other Liens on the Collateral, except for Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Bonds.com Group, Inc.)

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