Common use of Lien of Mortgage Clause in Contracts

Lien of Mortgage. The Mortgage constitutes a direct and valid lien upon all of the properties and assets of the Company specifically or generally described or referred to in the Mortgage as being subject to the lien thereof, subject only to Permitted Encumbrances, and will create a similar lien upon all properties and assets acquired by the Company after the date hereof which are required to be subjected to the lien of the Mortgage, when acquired by the Company, subject only to the exceptions referred to in the Mortgage and Permitted Encumbrances, and subject, further to the recordation of a supplement to the Mortgage describing such after-acquired property; the descriptions of all such properties and assets contained in the granting clauses of the Mortgage are correct and adequate for the purposes of the Mortgage; and the Mortgage (including the Twenty-Fifth Supplemental Mortgage Indenture) has been duly recorded as a mortgage and deed of trust of real estate, and any required filings with respect to personal property and fixtures subject to the lien of the Mortgage have been duly made in each place in which such recording or filing is required to protect, preserve and perfect the lien of the Mortgage; and all taxes and recording and filing fees required to be paid with respect to the execution, recording or filing of the Mortgage (including the Twenty-Fifth Supplemental Mortgage Indenture), the filing of financing statements related thereto and similar documents and the issuance of the Notes have been paid.

Appears in 3 contracts

Samples: South Jersey (SOUTH JERSEY GAS Co), Note Purchase Agreement (SOUTH JERSEY GAS Co), South Jersey (SOUTH JERSEY GAS Co)

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Lien of Mortgage. The Mortgage constitutes a direct and valid lien upon all of the properties and assets of the Company specifically or generally described or referred to in the Mortgage as being subject to the lien thereof, subject only to Permitted Encumbrances, and will create a similar lien upon all properties and assets acquired by the Company after the date hereof which are required to be subjected to the lien of the Mortgage, when acquired by the Company, subject only to the exceptions referred to in the Mortgage and Permitted Encumbrances, and subject, further further, as to real property, to the recordation of a supplement to the Mortgage describing such after-acquired property; the descriptions of all such properties and assets contained in the granting clauses of the Mortgage are correct and adequate for the purposes of the Mortgage; and the Mortgage (including the Twenty-Fifth Fourth Supplemental Mortgage Indenture) has been duly recorded as a mortgage and deed of trust of real estate, and any required filings with respect to personal property and fixtures subject to the lien of the Mortgage have been duly made in each place in which such recording or filing is required to protect, preserve and perfect the lien of the Mortgage; and all taxes and recording and filing fees required to be paid with respect to the execution, recording or filing of the Mortgage (including the Twenty-Fifth Fourth Supplemental Mortgage Indenture), the filing of financing statements related thereto and similar documents and the issuance of the Notes have been paid.

Appears in 2 contracts

Samples: Note Purchase Agreement (South Jersey Gas Co/New), South Jersey Gas Co/New

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Lien of Mortgage. The Mortgage constitutes a direct and valid lien Lien upon all of the properties and assets of the Company specifically or generally described or referred to in the Mortgage as being subject to the lien Lien thereof, subject only to Permitted Encumbrances, and will create a similar lien Lien upon all properties and assets acquired by the Company after the date hereof which are required to be subjected to the lien Lien of the Mortgage, when acquired by the Company, subject only to the exceptions referred to in the Mortgage and Permitted Encumbrances, and subject, further to the recordation of a supplement to the Mortgage describing such after-acquired after‑acquired property; the descriptions of all such properties and assets contained in the granting clauses of the Mortgage are correct and adequate for the purposes of the Mortgage; and the Mortgage (including the Twenty-Fifth Supplemental Mortgage IndentureFirst Supplement) has been duly recorded as a mortgage and deed of trust of real estate, and any required filings with respect to personal property and fixtures subject to the lien Lien of the Mortgage have been duly made in each place in which such recording or filing is required to protect, preserve and perfect the lien Lien of the Mortgage; and all taxes and recording and filing fees required to be paid with respect to the execution, recording or filing of the Mortgage (including the Twenty-Fifth Supplemental Mortgage IndentureFirst Supplement), the filing of financing statements related thereto and similar documents and the issuance of the Notes have been paid.

Appears in 1 contract

Samples: Note Purchase Agreement (SOUTH JERSEY GAS Co)

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