Common use of Mortgage and Leasehold Mortgage Liens Clause in Contracts

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- ------------------------------------- to the Collateral Agent for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates ----------------- if such Liens are subordinated. All such action as will be necessary or advisable to establish such Liens of the Collateral Agent and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Loan Banks unless otherwise required by the Administrative Agent.

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- ------------------------------------- to the Collateral Agent for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates ----------------- if such Liens are subordinated. All such action as will be necessary or advisable to establish such Liens of the Collateral Agent and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Loan Banks unless otherwise required by the Administrative Agent.

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- ------------------------------------- to the Administrative Agent (or Collateral Agent Agent, as the case may be) for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates ----------------- if such Liens are subordinated. All such ----------------- action as will be necessary or advisable to establish such Liens of the Administrative Agent (or Collateral Agent Agent, as the case may be) and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Eighteenth Amendment Effective Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Term Loan Banks (in lieu of the Administrative Agent for the benefit of the Banks) unless otherwise required by the Administrative Agent.

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- to ------------------------------------- to the Administrative Agent (or Collateral Agent Agent, as the case may be) for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates ----------------- if such Liens are subordinated. All such ----------------- action as will be necessary or advisable to establish such Liens of the Administrative Agent (or Collateral Agent Agent, as the case may be) and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Eighteenth Amendment Effective Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Term Loan Banks (in lieu of the Administrative Agent for the benefit of the Banks) unless otherwise required by the Administrative Agent.

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- to ------------------------------------- to the Administrative Agent (or Collateral Agent Agent, as the case may be) for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates ----------------- if such Liens are subordinated. All such action as will be necessary or advisable to establish such Liens of the Administrative Agent (or Collateral Agent Agent, as the case may be) and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Eighteenth Amendment Effective Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Term Loan Banks (in lieu of the Administrative Agent for the benefit of the Banks) unless otherwise required by the Administrative Agent.

Mortgage and Leasehold Mortgage Liens. The Liens granted ---- to ------------------------------------- to the Collateral Agent for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) ----------------- indicates ----------------- if such Liens are subordinated. All such action as will be necessary or advisable to establish such Liens of the Collateral Agent and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the Mortgages and Leasehold Mortgages no necessity for any further action in order to protect, preserve and continue such Liens and such priority. Notwithstanding any provision of this Agreement to the contrary, to the extent a Loan Party is required to execute and deliver an Intercreditor Agreement, Leasehold Mortgage or Mortgage, as required by this Agreement, on or after the Closing Date, such agreement shall be entered into by such Loan Party with the Collateral Agent for the ratable benefit of the Banks and on a pari passu basis, the Revolving Credit Loan Banks unless otherwise required by the Administrative Agent.