ESTABLISHMENT OF LIENS. Each Assessment against a Home and/or Lot which has been conveyed by Declarant, together with Interest thereon and costs of collection, including, but not limited to, Legal Fees, shall be the personal obligation of the Owner of such Home and/or Lot. Any and all Assessments made by the Association in accordance with the provisions of the Xxxxxxx Square Documents with Interest thereon and costs of collection, including, but not limited to, Legal Fees, are hereby declared to be a charge and continuing lien upon each Home and/or Lot against which each such Assessment is made. Said lien shall be effective only from and after the time of the recordation amongst the Public Records of the County of a written, acknowledged statement by the Association setting forth the amount due to the Association as of the date the statement is signed, and such lien shall relate back to the date of the recording of this Declaration in the Public Records of the County. Upon full payment of all sums secured by that lien, the party making payment shall be entitled to a satisfaction of the statement of lien in recordable form. Notwithstanding anything to the contrary herein contained, in the event an Institutional Mortgagee of record obtains title to a Home as a result of foreclosure of its first mortgage or deed in lieu of foreclosure, such acquirer of title, its successors or assigns, shall be liable for Assessments pertaining to such Lot or chargeable to the former Owner except and to the extent limited by the HOA Act.
ESTABLISHMENT OF LIENS. Each Assessment against a Lot, together with Interest thereon and costs of collection, including, but not limited to, Legal Fees, shall be the personal obligation of the Owner of such Lot. Any and all Assessments made by the Association in accordance with the provisions of the Port Orange Plantation Documents with Interest thereon and costs of collection, including, but not limited to, Legal Fees, are hereby declared to be a charge and continuing lien upon each Lot against which each such Assessment is made. Said lien shall be effective only fiom and after the time of the recordation amongst the Public Records of the Countyof a written, acknowledged statement by the Associationsetting forth the amount due to the Association as of the date the statement is signed. Upon full payment of all sums secured by that lien, the party making payment shall be entitled to a satisfaction of the statement of lien in recordable form. Notwithstandinganything to the contrary herein contained,in the event an InstitutionalMortgagee of record obtains a deed or title to a Lot as a result of foreclosureof its first mortgage or deed in lieu of foreclosure, such acquirer of a deed or title, its successorsor assigns, shall not be liable for the share of Assessments pertaining to such Lot or chargeable to the former Owner thereof which became due prior to the acquisition of a deed or title as a result of the foreclosure or deed in lieu thereof, unless the Assessment against the Lot in question is secured by a claim of lien for Assessments that is recorded prior to the recordation of the mortgage which was foreclosed or with respect to which a deed in lieu of foreclosure was given.
ESTABLISHMENT OF LIENS. 47 6.23 Availability and Transfer of Foreign Currency . . . . . 47 6.24
ESTABLISHMENT OF LIENS. Neither the establishment of the Liens created by the Security Documents (including, without limitation, the pledge and deposit of the Stock with the Collateral Agent or its designee and the pledge of the Receivables to the Guaranty Trustee) nor the exercise of the rights and remedies contemplated by the Security Documents at any time after the Initial Funding Date (i) contravenes any provision of existing Argentine Law, or Governmental Approval or any order, writ, injunction or decree of any Argentine court or Governmental Authority, or (ii) would result in the termination of any of the Licenses.
ESTABLISHMENT OF LIENS. The Company will grant, and will cause its Domestic Subsidiaries to grant, liens and security interests in substantially all of the real and personal property of the Company and its Domestic Subsidiaries, subject only to certain exceptions and qualifications identified herein and in the Collateral Documents, to secure, first, the First Tier Indebtedness, and, second, the Second Tier Indebtedness, as hereafter provided, and will cause its Domestic Subsidiaries that may hereafter join as a guarantor under the Senior Credit Documents to join in this Agreement. In each case, the liens and security interests will be given in favor of the Collateral Agent for the benefit of the Secured Creditors as provided in this Agreement. The Junior Creditors will not request or accept any lien or security interest in any Collateral, except by way of Collateral Documents in favor of the Collateral Agent which are expressly subject to the terms of this Agreement and which shall also secure the First Tier Indebtedness. Notwithstanding the foregoing, the Company and its Domestic Subsidiaries shall not be obligated to grant a Lien on any Collateral not required to be granted under the xxxxx xx xxx Senior Credit Documents.
ESTABLISHMENT OF LIENS. The Pledgor has granted a pledge of and security interest in the Capital Stock of Satellite and the other Collateral to secure, first, the First Tier Indebtedness, and, second, the Second Tier Indebtedness, as hereafter provided. Such liens and security interests have been given in favor of the Collateral Agent for the benefit of the Secured Creditors as provided in this Agreement. The Junior Creditors will not request or accept any lien or security interest in any Collateral, except by way of Collateral Documents in favor of the Collateral Agent which are expressly subject to the terms of this Agreement and which shall also secure the First Tier Indebtedness.
