Common use of Prior Lien Clause in Contracts

Prior Lien. The Deed of Trust securing the Amended Notes in favor of Administrative Agent, for the benefit of Lenders, and any modifications, renewals or extensions thereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 3 contracts

Samples: Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.), Lease Agreement (Veracyte, Inc.)

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Prior Lien. The Deed of Trust securing the Amended Notes Note in favor of Administrative Agent, for the benefit of LendersLender, and any modifications, renewals or extensions thereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the LeaseLease [and the Option To Purchase];

Appears in 2 contracts

Samples: Building Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)

Prior Lien. The Deed Deeds of Trust securing the Amended Notes Note in favor of Administrative Agent, for the benefit of Lenders, and any modifications, renewals or extensions thereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed Deeds of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Samples: Lease (GenMark Diagnostics, Inc.)

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Prior Lien. The Deed of Trust securing the Amended Notes Note in favor of Administrative Agent, for the benefit of Lenders, and any modifications, renewals or extensions thereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust)thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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