Common use of Perfection Upon Recordation Clause in Contracts

Perfection Upon Recordation. Grantor acknowledges that Beneficiary has taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Beneficiary shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, upon recordation of this Deed of Trust Beneficiary's interest in the Rents shall be deemed to be fully perfected, "xxxxxx" and enforced as to Grantor and all third parties, including any subsequently appointed trustee in any case under Title 11 of the United States Code (the "Bankruptcy Code"), without the necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

Perfection Upon Recordation. Grantor acknowledges that Beneficiary has taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Mortgage Beneficiary shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, that upon recordation of this Deed of Trust Mortgage, Beneficiary's ’s interest in the Rents shall be deemed to be fully perfected, "“xxxxxx" ” and enforced as to Grantor and to the extent permitted under applicable law, all third parties, including including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the "“Bankruptcy Code"”), without the necessity of commencing a foreclosure action with respect to this Deed of TrustMortgage, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

Perfection Upon Recordation. Grantor acknowledges that Beneficiary has and Trustee have taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Beneficiary and Trustee shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, that upon recordation of this Deed of Trust Trustee's and Beneficiary's interest in the Rents shall be deemed to be fully perfected, "xxxxxx" and enforced as to Grantor and all third parties, including including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the "Bankruptcy Code"), without the necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

Perfection Upon Recordation. Grantor acknowledges that Beneficiary has taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Beneficiary shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, upon recordation of this Deed of Trust Beneficiary's ’s interest in the Rents shall be deemed to be fully perfected, "“xxxxxx" ” and enforced as to Grantor and all third parties, including any subsequently appointed trustee in any case under Title 11 of the United States Code (the "“Bankruptcy Code"”), without the necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

Perfection Upon Recordation. Grantor acknowledges that Beneficiary Grantee has taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Beneficiary to Secure Debt Grantee shall have, to the extent permitted under applicable law, a valid and fully perfected, perfected first priority, priority present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, that upon recordation of this Deed of Trust Beneficiary's to Secure Debt Grantee’s interest in the Rents shall be deemed to be fully perfected, "“xxxxxx" ” and enforced as to Grantor and all third parties, including including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the "“Bankruptcy Code"”), without the necessity of commencing a foreclosure action with respect to this Deed of Trustto Secure Debt, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.

Perfection Upon Recordation. Grantor acknowledges that Beneficiary has and Trustee have taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Trust, Beneficiary and Trustee shall have, to the extent permitted under applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases. Grantor acknowledges and agrees that, to the extent permitted under applicable law, that upon recordation of this Deed of Trust Trustee’s and Beneficiary's ’s interest in the Rents shall be deemed to be fully perfected, "“xxxxxx" ” and enforced as to Grantor and all third parties, including including, without limitation, any subsequently appointed trustee in any case under Title 11 of the United States Code (the "”Bankruptcy Code"”), without the necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action.