Common use of No Additional Liens Clause in Contracts

No Additional Liens. The Mortgagor shall not, without the prior express written consent of the Mortgagee, remove or suffer to be removed from the Mortgaged Property any fixtures subject to the lien hereof (as the term "fixtures" is defined by the law in the State in which the Real Property is located) and including all personal property located on and used in connection with the Real Property, presently or in the future to be incorporated into, installed in, annexed or affixed to the Mortgaged Property (unless such fixtures have been replaced with similar fixtures of equal or greater utility and value); nor, except as permitted pursuant to the Credit Agreement, the Note Agreement, the A-Advanced Guaranty, the Guaranty and Security Agreement or the Intercreditor Agreement will the Mortgagor execute or cause to be executed any security interest upon any such fixtures, additions to, substitutions or replacements thereof or upon any fixtures in the future to be installed in, annexed or affixed to the Mortgaged Property, without the prior express written consent of the Mortgagee.

Appears in 2 contracts

Samples: Note Agreement (Guilford Mills Inc), Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

AutoNDA by SimpleDocs

No Additional Liens. The Mortgagor Grantor shall not, without the prior express written consent of the MortgageeBeneficiary, remove or suffer to be removed from the Mortgaged Trust Property any fixtures subject to the lien hereof (as the term "fixtures" is defined by the law in of the State in which the Real Property is located) and including all personal property located on and used in connection with the Real Property, presently or in the future to be incorporated into, installed in, annexed or affixed to the Mortgaged Trust Property (unless such fixtures have been replaced with similar fixtures of equal or greater utility and value); nor, except as permitted pursuant to the Credit Agreement, the Note Agreement, the A-Advanced Guaranty, the Intercreditor Agreement or the Guaranty and Security Agreement or the Intercreditor Agreement will the Mortgagor Grantor execute or cause to be executed any security interest upon any such fixtures, additions to, substitutions or replacements thereof or upon any fixtures in the future to be installed in, annexed or affixed to the Mortgaged Trust Property, without the prior express written consent of the MortgageeBeneficiary.

Appears in 1 contract

Samples: Note Agreement (Guilford Mills Inc)

No Additional Liens. The Except as otherwise expressly provided ------------------- or permitted in the Credit Agreement or in any leases with tenants, the Mortgagor shall not, without the prior express written consent of the Mortgagee, remove or suffer to be removed from the Mortgaged Property any fixtures subject to the lien hereof (as the term "fixtures" is defined by the law in the State in which the Real Property is located) and including all personal property owned by Mortgagor located on and used in connection with the Real Property, presently or in the future to be incorporated into, installed in, annexed or affixed to the Mortgaged Property (unless such fixtures and property have been replaced with similar fixtures of equal or greater utility and valuevalue or are sold or disposed of or removed in accordance with the terms of the Credit Agreement); nor, except as expressly provided or permitted pursuant to the Credit Agreement, the Note Agreement, the A-Advanced Guaranty, the Guaranty and Security Agreement or the Intercreditor Agreement will the Mortgagor execute or cause to be executed any security interest upon any such fixtures, additions to, substitutions or replacements thereof or upon any fixtures in the future to be installed in, annexed or affixed to the Mortgaged Property, without the prior express written consent of the Mortgagee.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Assignment of Rents (Ventas Inc)

AutoNDA by SimpleDocs

No Additional Liens. The Mortgagor Subject to the provisions of Section 6.8 of the Credit Agreement, Grantor shall not, without the prior express written consent of the Mortgagee, remove or suffer to be removed from the Mortgaged Property any fixtures subject to the lien hereof (as the term "fixtures" is defined by the law in the State in which the Real Property is located) and including all personal property owned by Grantor located on and used in connection with the Real Property, presently or in the future to be incorporated into, installed in, annexed or affixed to the Mortgaged Property (unless such fixtures and property have been replaced with similar fixtures of equal or greater utility and value; are removed by a tenant in accordance with the rights of such tenant under its Lease; or are sold, disposed of or removed in accordance with the terms of the Credit Agreement); nor, except as expressly provided or permitted pursuant to the Credit Agreement, the Note Agreement, the A-Advanced Guaranty, the Guaranty and Security Agreement or the Intercreditor Agreement will the Mortgagor Grantor execute or cause to be executed any security interest upon any such fixtures, additions to, substitutions or replacements thereof or upon any fixtures in the future to be installed in, annexed or affixed to the Mortgaged Property, without the prior express written consent of the Mortgagee.

Appears in 1 contract

Samples: Mortgage (Ventas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!