Common use of First Lien Status Clause in Contracts

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit Documents. If any lien or security interest other than a Permitted Lien is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (i) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (ii) at Mortgagor’s election, 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.

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit DocumentsMortgage. If any lien or security interest other than a the Permitted Lien Encumbrance and the other Liens permitted under the Credit Agreement is asserted against the Mortgaged Property, Mortgagor shall promptlypromptly upon obtaining notice thereof, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, 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.

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, 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.

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit DocumentsMortgage. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Mortgagor shall promptlypromptly upon obtaining notice thereof, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, 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.

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit Loan Documents. If any lien or security interest other than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, 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 Mortgagee to the extent required by the Credit Agreement).

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit DocumentsMortgage. If any lien or security interest other than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, pay the underlying claim in full or take such other action so as to cause it to be released or contest the same as required by and in compliance with the requirements of Credit Agreement (including, if applicable under the Credit Agreement, the requirement of providing a bond or other security satisfactory to Mortgagee).

First Lien Status. Subject to Permitted Liens, Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage and the other Credit Loan Documents. If any lien or security interest other than a the Permitted Lien Encumbrances is asserted against the Mortgaged Property, Mortgagor shall promptly, and at its expense, (ia) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (iib) at Mortgagor’s election, 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..