Claims Against Mortgaged Property. Mortgagor will pay, from time to time when the same shall become due, all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom, whether paramount or subordinate to this Mortgage, and in general will do or cause to be done everything necessary so that the first lien of this Mortgage shall be fully preserved, at the cost of Mortgagor, without expense to Mortgagee. Notwithstanding the foregoing, Mortgagor shall have the right to contest in good faith any such liens, claims and demands by appropriate proceedings timely commenced and diligently conducted.
Claims Against Mortgaged Property. The Company will pay, from time to time when the same shall become due, all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom, whether paramount or subordinate to this Deed of Trust (except as otherwise provided in Section 7.1(d) of the Loan Agreement), and in general will do or cause to be done everything necessary so that the first lien of this Deed of Trust shall be fully preserved, at the cost of the Company, without expense to the Issuer.
Claims Against Mortgaged Property. Grantor will pay, from time to time when the same become due, all claims and demands of mechanics, materialmen, laborers, and others which, if unpaid, might result in, or permit the creation of, a lien on all or any part of the Mortgaged Property, whether prior or subordinate to this Deed of Trust, or on the revenues, rents, issues, income, and profits arising from the Mortgaged Property, and in general will do or cause to be done everything necessary so that the priority of this Deed of Trust will be fully preserved, at the cost of Grantor, without expense to Lender or Agent. Agent at its option may be subrogated for further security to the lien of any prior encumbrance, mechanic’s lien, or vendor’s lien on the Mortgaged Property paid out of the proceeds of the Note, even though the same be released of record.
Claims Against Mortgaged Property. Mortgagor will pay, from time to time when the same shall become due, all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Properly or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom, and in general will do or cause to be done everything necessary so that the lien and priority of this Mortgage shall be fully preserved, at the cost of Mortgagor, without expense to Mortgagee. Notwithstanding the foregoing, Mortgagor shall have the right to contest any such liens, claims and demands by appropriate proceedings timely commenced and diligently conducted, provided Mortgagor shall first give written notice of such contest to Mortgagee, and shall, at the option of Mortgagee, either (x) deposit with Mortgagee such security as Mortgagee may require for the payment of such liens, claims and demands and any interest and penalties thereon, or (y) within ten (10) days after filing of any claim of lien, Mortgagor shall obtain and record a surety bond in an amount which equals one and one-third (1-1/3) of the amount of such claim. Mortgagee shall have the right to apply the deposit referred to in (x) above to the payment of such liens, claims, demands, interest and penalties at any time when Mortgagee reasonably deems it advisable for the protection of the Mortgaged Property.
Claims Against Mortgaged Property. Grantor will pay, from time to time when the same shall become due, all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property, whether paramount or subordinate to this Deed of Trust or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom and in general will do or cause to be done everything necessary so that the lien of this Deed of Trust shall be fully preserved, at the cost of Grantor, without expense to Lender; provided however, Grantor shall have the right to contest such claims.
Claims Against Mortgaged Property. Grantor and Lender will pay, severally, from time to time when the same become due, all claims and demands of mechanics, materialmen, laborers, and others hired or retained by each of them respectively which, if unpaid, might result in, or permit the creation of, a lien on all or any part of the Mortgaged Property, whether prior or subordinate to this Deed of Trust, or on the revenues, rents, issues, income, and profits arising from the Mortgaged Property, and in general will do or cause to be done everything necessary so that the priority of this Deed of Trust will be fully preserved, at the cost of Grantor, without expense to Lender. Each party shall be liable and responsible for discharging the claims, demands and liens of only those contractors, agents or other third parties retained by them to provide labor services or work on the Mortgaged Property. Notwithstanding the foregoing, Grantor and Lender shall have the right to contest in good faith the validity and enforceability of any such lien, claim or demand.
Claims Against Mortgaged Property. Mortgagor will pay, from time to time when the same shall become due, all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom, whether paramount or subordinate to this Mortgage, and in general will do or cause to be done everything necessary so that the first lien of this Mortgage shall be fully preserved, at the cost of Mortgagor, without expense to Mortgagee. Mortgagor shall give Mortgagee prompt notice in writing of the assertion of any claim, or the filing of any action or proceeding of the occurrence of any damage to Mortgaged Property or Personal Property Collateral.
