No Other Financing or Liens. (a) Without the prior written consent of Mortgagee, Mortgagor shall not enter into any lease of personal property, as lessee, which is now or hereafter intended to be a part of the Mortgaged Property or is necessary for the operation of Mortgagor’s business at the Mortgaged Property, create or cause or permit to exist any lien on, or security interest in the Mortgaged Property, including any furniture, fixtures, appliances, machinery, equipment, or other items of personal property which are intended to be or become part of the Mortgaged Property. Mortgagor shall not incur any indebtedness for money borrowed to purchase the Mortgaged Property or any part thereof or any personal property or fixtures in substitution renewal or replacement of any portion of the Mortgaged Property, other than the indebtedness secured hereby and the liens heretofore approved in writing by Mortgagee, if any.
No Other Financing or Liens. Mortgagor shall not enter into any lease for any personal property, as lessee, which is to be used in c onnection with the operation of Mortgagor's business at the Mortgaged Property or create or cause or permit to exist any lien on or security interest in, whether voluntary or involuntary, any part of the Mortgaged Property, other than in favor of Mortgagee.
No Other Financing or Liens. Mortgagor hereby agrees that until all indebtedness secured hereby is paid and satisfied in full, with the exception of the first and second liens currently existing on the Mortgaged Property, Mortgagor shall not create or grant or suffer to be placed upon the Mortgaged Property or any part thereof any lien, mortgage or security interest, except for other mortgages, liens or security interests in favor of Mortgagee, without the prior written consent of Mortgagee. In the event such consent is given, any such security interest or lien shall be absolutely and unconditionally subordinate to the lien of this Mortgage. By placing any mortgage, lien or other encumbrance of any type, whether voluntary or involuntary, against the Mortgaged Property, the holder thereof shall be deemed to have agreed, without any further act or documentation being required, that its mortgage, lien or other encumbrance shall be subordinated in lien to any future advances pursuant to this Mortgage, or future amendments, consolidations or extensions of this Mortgage (including without limitation amendments which increase the interest rate on the Note, provide for future advances secured by this Mortgage or provide for the release of portions of the Mortgaged Property with or without consideration), and the holder of such subordinate mortgage, lien or other encumbrance, whether or not consented to by Mortgagee, expressly agrees by acceptance of such subordinate mortgage, lien or other encumbrance that it waives and relinquishes any rights which it may have as a result of Mortgagee's exercising its various remedies hereunder and any other documents or instruments evidencing or securing the indebtedness secured hereby, in such order and with such timing as Mortgagee shall deem appropriate in its reasonable discretion. The holder of any subordinate mortgage, lien or other encumbrance, whether or not consented to by Mortgagee, expressly further agrees by acceptance of such subordinate mortgage, lien or other encumbrance that Mortgagee may at any time or from time to time renew or extend this Mortgage, or increase the amount of this Mortgage to take account of sums advanced by Mortgagee after default by Mortgagor to protect Mortgagee's security hereunder, or alter or modify the terms of this Mortgage, or the Note in any way, or waive any of the terms, covenants or conditions thereof in whole or in part and may release any portion of the Mortgaged Property or any other security, and grant such...
No Other Financing or Liens. Without the prior written consent of Mortgagee, Mortgagor shall not permit to exist any lien on the Premises, and shall not incur any indebtedness for money borrowed to purchase, improve or operate the Premises or any part thereof, other than the indebtedness secured hereby and liens heretofore approved by Mortgagee.
No Other Financing or Liens. Without the prior written consent of Mortgagee, other than leases for certain equipment as set forth on Exhibit C attached hereto, Mortgagor shall not enter into any lease for any personal property as lessee which is to be used in connection with the operation of Mortgagor's business at the Mortgaged Property or create or cause or permit to exist any lien on, or security interest in, whether voluntary or involuntary, any part of the Mortgaged Property, other than in favor of Mortgagee.
No Other Financing or Liens. Without the prior written consent of Beneficiary, which Beneficiary can grant or withhold in its sole and absolute discretion, Grantor shall not create or cause or permit to exist any lien on, or security interest in the ownership interests in the Grantor, the Mortgaged Property or any part thereof (whether or not such lien or security interest is subordinate to the lien of this Deed of Trust), including any furniture, fixtures, appliances, machinery, equipment, or other items of personal property which are intended to be or become part of the Mortgaged Property, or securing repayment of monies paid to or for the benefit of Grantor, other than to Beneficiary. Any violation of the foregoing limitation, at the option of Beneficiary, shall be deemed an Event of Default hereunder.
No Other Financing or Liens. Without the prior written consent of Mortgagee, which Mortgagee can grant or withhold in its sole and absolute discretion, and except for Permitted Encumbrances, Mortgagor shall not create or cause or permit to exist any lien on, or security interest in the Mortgaged Property or any part thereof (whether or not such lien or security interest is subordinate to the lien of this Mortgage), including any furniture, fixtures, appliances, machinery, equipment, or other items of personal property which are intended to be or become part of the Mortgaged Property, or securing repayment of monies paid to or for the benefit of Mortgagor.
No Other Financing or Liens. Without the prior written consent of the Mortgagee in each instance, which consent may be given or withheld in Mortgagee's sole discretion, the Mortgagor shall not create or cause or permit to exist any lien on the Mortgaged Property whether superior to or subject to the lien of this Mortgage except the Permitted Encumbrances and such other liens or security interests as are expressly and specifically agreed to be permitted upon the Mortgaged Property by the Mortgagee under the Loan Documents.
No Other Financing or Liens. Without the prior written consent of the Grantee (which consent shall not be unreasonably withheld) and except for Permitted Encumbrances, Grantor shall not create or cause or permit to exist any lien or security interest in the Mortgaged Property, including any fixtures, machinery, equipment or other items of personal property which are intended to be or become part of the Mortgaged Property, and shall not incur any indebtedness for money borrowed to purchase the Mortgaged Property or any part thereof, other than the indebtedness secured hereby or by any Permitted Encumbrance.
No Other Financing or Liens. Without the prior written consent of Lender, which Lender can grant or withhold in its sole and absolute discretion, Borrower shall not create or cause or permit to exist any lien on, or security interest in the Mortgaged Property or any part thereof (whether or not such lien or security interest is subordinate to the lien of this Deed of Trust), including any furniture, fixtures, appliances, machinery, equipment, or other items of personal property which are intended to be or become part of the Mortgaged Property, or securing repayment of monies paid to or for the benefit of Borrower, other than to Lender. Any violation of the foregoing limitation, at the option of Lender, shall be deemed an Event of Default hereunder.
