Priority Lien. Debtor shall maintain good and marketable fee simple title to the Collateral, free and clear of all liens, encumbrances, charges and other exceptions to title. Debtor shall maintain good and marketable title to or valid and binding leasehold interests in, as applicable, the Premises, free and clear of all liens, encumbrances, charges and other exceptions to title.
Priority Lien. The Collateral shall be delivered so that this Agreement, together with such delivery, creates in favour of the Assignee, as Collateral Agent, for the benefit and on behalf of the Secured Parties, a first priority lien on, and first priority security interest in such Collateral.
Priority Lien. The Mortgage secures the Note, and such security is and shall remain superior to all other mortgages, liens and encumbrances on the Mortgaged Property.
Priority Lien. Upon Closing, Remainderman II shall have a remainder interest in the land comprising the Dapper II Substitute Properties, all free and clear of all liens, encumbrances, charges and security interests of any nature whatsoever, except the Permitted Exceptions. Upon Closing, FFC shall have a first priority lien upon and security interest in each of the Dapper II Substitute Properties pursuant to the Dapper II Substitute Mortgages and the Dapper II Substitute UCC-1
Priority Lien. The Town shall have a lien on the subject lands for any amount spent by the Town pursuant to section 6 of this Agreement on the removal of the subject project construction and restoration of the site, other than the amount provided pursuant to section 8 of this Agreement, and the amount shall have priority lien status and the Town shall be entitled to add the amount to the taxes of the subject land pursuant to the Municipal Act, R.S.O.
Priority Lien. Upon Closing, Remainderman III shall have a remainder interest in the land comprising the Dapper III Substitute Properties, all free and clear of all liens, encumbrances, charges and security interests of any nature whatsoever, except the Permitted Exceptions. Upon Closing, Wamu shall have a first priority lien upon and security interest in each of the Dapper III Substitute Properties pursuant to the Dapper III Substitute Mortgages and the Dapper III Substitute UCC-1
Priority Lien. Receipt by the Agent of evidence satisfactory in form and substance to the Agent, that the Agent, on behalf of the Lenders, holds a perfected, first priority lien, subject to no other Liens other than Permitted Liens, in the Collateral.
Priority Lien. The Municipality shall have a lien on the Lands for any amount incurred by the Municipality pursuant to section 8 of this Agreement to remove the subject construction and restore the site, other than the amount provided pursuant to section 10 of this Agreement, and the amount shall have priority lien status pursuant to the subsections 1(2.1) and (3) of the Xxxxxxxxx Xxx, 0000, S.O. 2001, c.M.25, as amended (“Act”) and shall form a special lien in the same manner as taxes pursuant to subsection 349(3) of the Act. .
Priority Lien. All filings and other actions necessary ------------------- or desirable to perfect and protect the security interest in the Collateral created under the Collateral Documents have been duly made or taken, and the Collateral Documents create in favor of the Administrative Agent for the benefit of the Secured Parties a valid and, together with such filings and other actions, perfected first priority security interest in the Collateral (other than the Synthetic Lease Properties, in which the Administrative Agent, for the benefit of the Secured Parties, shall have a second priority security interest, but only to the extent provided in the Intercreditor Agreement (Leased Property)), securing the payment of the Obligations under the Loan Documents, and all filings and other actions necessary or desirable to perfect and protect such security interest have been duly taken. The Loan Parties are the legal and beneficial owners of the Collateral free and clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents and the Synthetic Lease Documents and the Landlord's Lien Rights in respect of the property listed on Schedule 5.01(r)(ii) located in the States of Washington, Oregon and Florida.
Priority Lien. The liens granted to Secured Party under this Agreement will constitute a first priority lien on the Collateral on the filing of a UCC-l Financing Statement and Debtor’s grant of such lien to Secured Party does not constitute a fraudulent conveyance under any applicable law.
