Common use of JUNIOR LENDERS Clause in Contracts

JUNIOR LENDERS. The Borrower shall not create, suffer or permit any mortgage, lien, charge or encumbrance to attach or be recorded or filed against the Property, whether such lien is superior or inferior to the lien of the City, without the City’s prior written approval, other than Permitted Encumbrances and taxes not then delinquent.

JUNIOR LENDERS. The Borrower shall not create, suffer or permit any mortgage, lien, charge or encumbrance to attach or be recorded or filed against the Property, whether such lien is superior or inferior to the lien of the City, without the City’s 's prior written approval, other than Permitted Encumbrances and taxes not then delinquent.