Common use of Lien on Real Estate Clause in Contracts

Lien on Real Estate. The due and punctual payment and performance of the obligations shall also be secured by the Lien created by the Mortgages upon all Real Estate of each Borrower described therein. Each Mortgage shall be executed by a Borrower in favor of Lender on or about the Closing Date and shall be duly recorded, at Borrowers' expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

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Lien on Real Estate. The due and punctual payment and performance of the obligations shall also be secured by the Lien created by the Mortgages upon all Real Estate of each Borrower and the other Obligors described therein. Each Mortgage The Mortgages shall be executed by a Borrower and the other Obligors in favor of Lender Agent on or about before the Closing Date and shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

Lien on Real Estate. The due and punctual payment and performance of the obligations Obligations shall also be secured by the Lien created by the Mortgages upon all Real Estate of each Borrower and the other Obligors described therein. Each Mortgage If requested by Agent, amendments to the Mortgages shall be executed by a Borrower and the other Obligors in favor of Lender Agent on or about before the Closing Date and shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

Lien on Real Estate. The due and punctual payment and performance of the obligations shall also be secured by the Lien created by the Mortgages upon all Real Estate of each Borrower and the other Obligors described therein. Each Mortgage If requested by Agent, amendments to the Mortgages shall be executed by a Borrower and the other Obligors in favor of Lender Agent on or about before the Closing Date and shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

Lien on Real Estate. The due and punctual payment and performance of the obligations Obligations shall also be secured by the Lien created by the Mortgages upon all Real Estate of each Borrower described therein. Each Mortgage The Mortgages shall be executed by a Borrower in favor of Lender Agent on or about the Closing Date and shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Financing Agreement (Emerge Interactive Inc)

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Lien on Real Estate. The due and punctual payment and performance of the obligations Obligations shall also be secured by the Lien created by the Mortgages upon all the Real Estate of each Borrower described therein. Each Mortgage The Mortgages shall be executed by a Borrower in favor of Lender on or about the Closing Date and shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected Lien upon the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Miltope Group Inc)

Lien on Real Estate. The due and punctual payment and performance of the obligations Obligations shall also be secured by the Lien created by the Mortgages upon all the Real Estate of each Borrower described therein. Each Mortgage The Mortgages shall be executed by a Borrower in favor of Lender on or about the Closing Date and shall be duly recorded, at Borrowers' expense, in each office where such recording is required to constitute a fully perfected Lien upon on the Real Estate covered thereby.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Premium Brands LTD)

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