Common use of First Lien Status Clause in Contracts

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement and the other Credit Documents. If any lien or security interest is asserted against the 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement Trust and the other Credit Loan Documents. If Grantor has any knowledge of any lien or security interest interest, other than the Permitted Liens, is asserted against the 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Loan Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement Trust and the other Credit Loan Documents. If any lien or security interest other than the Permitted Encumbrances is asserted against the Trust 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)Agreement.

First Lien Status. Grantor shall preserve and protect the first lien Lien and security interest status of this Deed of Trust, the Credit Agreement and the other Credit DocumentsTrust (subject only to Permitted Liens). If any lien material Lien or security interest other than a Permitted Lien is asserted against the Trust 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)Loan Agreement.

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement and the other Credit DocumentsTrust Deed. If any lien or security interest other than the Permitted Liens is asserted against the Trust 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement Loan Documents (including the requirement of providing a bond or other security satisfactory to Beneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement Trust and the other Credit Loan Documents. If any lien or security interest other than the Permitted Encumbrances is asserted against the Trust 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)released.

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement Trust and the other Credit Security Documents. If any lien or security interest other than a Lien permitted by the Credit Agreement is asserted against the 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)Agreement.

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, the Credit Agreement and the other Credit Documents. If any lien or security interest other than the Permitted Encumbrances is asserted against the Trust Mortgaged Property, Grantor shall promptlypromptly upon obtaining notice thereof, 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)Agreement.

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed of Trust, Trust as provided in the Credit Agreement and the other Credit Documents. If any lien or security interest is asserted against the 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) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security satisfactory to Beneficiary)Agreement.