Common use of Mezzanine Cash Management Account Clause in Contracts

Mezzanine Cash Management Account. (a) This Agreement, together with the other Loan Documents, creates a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New York) in the Mezzanine Cash Management Account in favor of Lender, which security interest is prior to all other Liens and is enforceable as such against creditors of and purchasers from Borrowers. Other than in connection with the Loan Documents, neither Borrower has sold or otherwise conveyed the Mezzanine Cash Management Account.

Mezzanine Cash Management Account. (a) This Agreement, together with the other Loan Documents, creates a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New York) in the Mezzanine Cash Management Account in favor of Lender, which security interest is prior to all other Liens and is enforceable as such against creditors of and purchasers from BorrowersBorrower. Other than in connection with the Loan Documents, neither Borrower has not sold or otherwise conveyed the Mezzanine Cash Management Account.

Mezzanine Cash Management Account. (a) This Agreement, together with the other Loan Documents, creates a valid and continuing security interest (as defined in the Uniform Commercial Code of the State of New York) in the Mezzanine Cash Management Account in favor of Lender, which security interest is prior to all other Liens Liens, other than Permitted Encumbrances, and is enforceable as such against creditors of and purchasers from BorrowersBorrower. Other than in connection with the Loan DocumentsDocuments and except for Permitted Encumbrances, neither Borrower has not sold or otherwise conveyed the Mezzanine Cash Management Account.