NO ADDITIONAL LIEN. The Mortgagor covenants not to execute any mortgage, security agreement, assignment of leases and rentals or other agreement granting a lien against the interest of the Mortgagor in the Premises, without the prior written consent of the Mortgagee, and then only when the document granting that lien expressly provides that it shall be subject to the lien of this Mortgage for the full amount secured by this Mortgage, and shall also be subject and subordinate to any then existing or future leases affecting the Premises.
Appears in 2 contracts
Samples: Mortgage (Interface Systems Inc), Mortgage (Interface Systems Inc)
NO ADDITIONAL LIEN. The Mortgagor covenants not to execute any mortgage, security agreement, assignment of leases and rentals or other agreement granting a lien against the interest of the Mortgagor in the Premises, Premises without the prior written consent of the Mortgagee, and then only when the document granting that lien expressly provides that it shall be subject to the lien of this Mortgage for the full amount secured by this Mortgage, Mortgage and shall also be subject and subordinate to any then existing or all present and future leases affecting the Premises.
Appears in 2 contracts
Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Xeta Technologies Inc), Collateral Mortgage, Assignment of Leases and Rents and Security Agreement (Blackwater Midstream Corp.)
NO ADDITIONAL LIEN. The Mortgagor covenants not to execute any mortgage, security agreement, assignment of leases and rentals or other agreement granting a lien against the interest of the Mortgagor in the Premises, Mortgaged Property without the prior written consent of the Mortgagee, and then only when the document granting that lien expressly provides that it shall be subject to the lien of this Mortgage for the full amount secured by this Mortgage, and shall also be subject and subordinate to any then existing or future leases affecting the PremisesMortgaged Property.
Appears in 1 contract
NO ADDITIONAL LIEN. The Mortgagor covenants not to execute any mortgage, security agreement, assignment of leases and rentals or other agreement granting a lien against the interest of the Mortgagor in the Premises, Premises without the prior written consent of the Mortgagee, and then only when the document granting that lien expressly provides that it shall be he subject to the lien of this Mortgage for the full amount secured by this Mortgage, and shall also be subject and subordinate to any then existing or future leases affecting the Premises.
Appears in 1 contract
Samples: Mortgage (Medar Inc)
