Common use of No Secondary Financing Clause in Contracts

No Secondary Financing. The Mortgagor will not, without the Mortgagee's prior written consent, mortgage (including the so- called "wrap-around mortgage"), pledge, assign, grant a security interest in, cause any lien or encumbrance to attach to or any levy to be made on the Mortgaged Premises except for (a) taxes and assessments not yet delinquent and (b) any mortgage, pledge, security interest, assignment or other encumbrance to the Mortgagee.

No Secondary Financing. The Mortgagor will not, without the Mortgagee's prior written consent, which consent may be withheld by Mortgagee in its sole and absolute discretion, mortgage (including the so- so-called "wrap-around mortgage"), pledge, assign, grant a security interest in, cause any lien or encumbrance to attach to or any levy to be made on the Mortgaged Premises except for (a) taxes and assessments not yet delinquent and (b) any mortgage, pledge, security interest, assignment or other encumbrance to the Mortgagee.

No Secondary Financing. The Mortgagor will not, without the Mortgagee's prior written consent, mortgage (including the so- so-called "wrap-around mortgage"), pledge, assign, grant a security interest in, cause any lien or encumbrance to attach to or any levy to be made on the Mortgaged Premises except for (a) taxes and assessments not yet delinquent and (b) any mortgage, pledge, security interest, assignment or other encumbrance to the Mortgagee.