LEASEHOLD COLLATERAL Sample Clauses

LEASEHOLD COLLATERAL. The Obligations shall be secured by Liens on the Leasehold Collateral, which shall be granted to the Lender by the M▇▇▇▇ Entities, as applicable, pursuant to one or more leasehold deeds of trust, security agreements, assignments of rents and leases (or subleases), and fixture filings in form and substance acceptable to the Lender (collectively, the “Leasehold Deeds of Trust” and, each, a “Leasehold Deed of Trust”). In the event that any M▇▇▇▇ Entity enters into a new Real Property Lease after the Closing, such M▇▇▇▇ Entity shall (i) promptly at the time such M▇▇▇▇ Entity enters into such Real Property Lease, inform the Lender thereof, and (ii) upon the request of the Lender, as soon as practicable thereafter, (x) grant the Lender a valid, enforceable first priority Lien on such Real Property Lease and all Leasehold Collateral relating thereto, subject (only in terms of priority) only to Permitted Third-Party Priority Liens, pursuant to a Leasehold Deed of Trust, as security for the Obligations, and (y) take all such actions as are necessary to cause such Lien to be perfected in all applicable jurisdictions.