Lien; Valid Assignment Meadowood Mall Sample Clauses

Lien; Valid Assignment Meadowood Mall. (Loan No. 22) The mortgaged property is security for 4 pari passu senior notes aggregating $80,000,000, and 1 subordinate note in the amount of $28,000,000. The loan documents permit the borrower to enter into a so-called PACE (Property-Assessed Clean Energy) loan for an amount not to exceed $5,000,000, subject to the lender’s approval and delivery of a rating agency confirmation. The lien resulting from any unpaid and delinquent PACE loan payments would have property tax lien status.