Example ContractsClausesfirst lien bank loanVariants
First Lien Bank Loan
First Lien Bank Loan contract clause examples

Lien Priority. There is a material impairment in the perfection or priority of Bank’s security interest in the Collateral;

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Lien Priority. There is a material impairment in the perfection or priority of Agent’s security interest in the Collateral;

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Lien Priority. There is a material impairment in the priority of Bank’s security interest in the Collateral (other than as a result of any action or inaction by Bank).

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Lien Priority. There is a material impairment in the perfection or priority of Agent’s security interest in the Collateral; or

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Lien Priority. There is a material impairment in the priority of Agent’s security interest in the Collateral;

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