First Lien Status. Grantor shall preserve and protect the first priority lien of this Deed of Trust. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(i) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Agreement (including, if applicable, any requirement to provide a bond or other security satisfactory to Beneficiary).
Appears in 7 contracts
Samples: First Lien Indemnity Deed of Trust (Green Plains Inc.), First Lien Deed of Trust (Green Plains Inc.), First Lien Deed of Trust (Green Plains Inc.)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(i) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 5 contracts
Samples: Deed of Trust (Westway Group, Inc.), Leasehold Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Westway Group, Inc.), Deed of Trust, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Westway Group, Inc.)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 3 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT, Inc.), Deed of Trust and Security Agreement (NNN 2003 Value Fund LLC), Deed of Trust, Security Agreement and Fixture Filing (Winston Hotels Inc)
First Lien Status. Grantor shall preserve and protect ----------------- the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Trust Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement, Assignment of Rents and Leases (Sandhills Inc), Deed of Trust, Security Agreement, Assignment of Rents and Leases (Sandhills Inc)
First Lien Status. Except for Permitted Liens, Grantor shall preserve and protect the first priority lien and security interest status of this Deed of Trust. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement and the Collateral Trust Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 2 contracts
Samples: Revolving Credit Facility (Consol Energy Inc), Credit Agreement (Consol Energy Inc)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest interest, other than a the Permitted Lien Liens, is asserted against the Mortgaged Trust Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
Samples: Leasehold and Fee Deed of Trust (Oasis Interval Ownership, LLC)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest interest, other than a the Permitted Lien Liens, is asserted against the Mortgaged Trust Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
Samples: Deed of Trust, Assignment of Rents and Leases and Security Agreement (Interdent Inc)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Agreement Credit Agreements (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
Samples: Loan Agreement (Consol Energy Inc)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
Samples: Credit Agreement (Arterial Vascular Engineering Inc)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
Samples: Credit Agreement (PGT, Inc.)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustTrust and the other Loan Documents. If any lien or security interest interest, other than a the Permitted Lien Liens, is asserted against the Mortgaged Trust Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary), and act in compliance with any other requirements of the Loan Agreement.
Appears in 1 contract
Samples: Deed of Trust (GNLV Corp)
First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed of TrustMortgage and the other Loan Documents. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Beneficiary a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b)(ib) pay the underlying claim in full or take such other action so as to cause it to be released or (ii) contest the same in compliance with the requirements of the Loan Credit Agreement (including, if applicable, any including the requirement to provide of providing a bond or other security satisfactory to Beneficiary).
Appears in 1 contract
