Protection of Lien. (a) The Issuer will do all things and take all actions necessary to keep the Lien of this Indenture a first, prior and perfected lien upon the Collateral on behalf of the Holders of Bonds and protect its title to the Collateral against loss by reason of any foreclosure or other proceeding to enforce any lien prior to or pari passu with the Lien of this Indenture, other than the limited prior lien granted to the Trustee pursuant to Section 6.06.
Protection of Lien. Except for the liens referenced in the Title Policy and the liens expressly permitted elsewhere in the Loan Documents including under Section 6.16 of this Agreement, Borrower will maintain each lien created by the Deed of Trust as a valid first priority lien on the Real Property secured thereby.
Protection of Lien. The Issuer and the Company shall cause the Mortgage, the Agreement and the Assignment of Mortgage and any financing statement relating hereto to be recorded or filed, in such manner and at such places as may be required by law fully to protect the security of the Owners of the Bonds and the right, title and interest of the Trustee in and to the Trust Estate or any part thereof.
Protection of Lien. 81 Section 10.06. Filing; Opinion of Counsel...............................................................82 Section 10.07. Further Assurances.......................................................................83 Section 10.08. Advances by Trustee......................................................................83 Section 10.09. Restriction on Amendment of Certain Instruments..........................................83 Section 10.10. Maintenance of Books of Record and Account; Financial Statements of the Issuer.....................................................................................83 Section 10.11. Statement as to Compliance and Audit of Collateral.......................................84 Section 10.12.
Protection of Lien of delinquent taxes or assessments and insurance premiums, to the extent permitted by such Mortgage. All advances, charges, costs and expenses, including reasonable attorneys’ fees and disbursements, incurred or paid by Lender in exercising any right, power or remedy conferred by this Agreement, or in the enforcement thereof, shall become part of the principal balance outstanding under the Secured Promissory Note and shall accrue interest at the rate or rates specified in the Secured Promissory Note.
Protection of Lien. (a) Custodian will from time to time execute and deliver all financing statements, continuation statements, and such other instruments, and will take such other action as may be necessary or advisable to maintain or preserve the Lien of this Agreement in any Collateral (other than Letters of Credit) delivered under this Agreement as a perfected first priority security interest. Fannxx Xxx xxxignates Custodian as its agent and attorney-in-fact to execute such financing statements, continuation statements and such other instruments referred to in the preceding sentence.
Protection of Lien. Mortgagor shall pay all costs, expenses and ------------------ counsel fees incurred by Mortgagee in protecting or sustaining the lien of this Mortgage, including without limitation all expenses incurred by Mortgagee in connection with containment, monitoring, prevention or clean-up of hazardous substances upon or in connection with the Mortgaged Property. Mortgagor shall indemnify and save Mortgagee harmless from all such costs and expenses, including, but not limited to, counsel fees, recording fees and costs of a title search, continuation of abstract and preparation of survey, incurred by reason of any action, suit, proceeding, hearing, motion or application before any court or administrative body in which Mortgagee may be a party by reason hereof, including, but not limited to, condemnation, bankruptcy and administrative proceedings, as well as any other proceedings wherein proof of claim is required to be filed or in which it becomes necessary, in Mortgagee's sole opinion, to defend or uphold the terms and priority of this Mortgage. All money paid or expended by Mortgagee in that regard, together with interest thereon from date of such payment at the highest rate set forth in the Letter of Credit shall be additional indebtedness secured hereby, and shall be immediately and without notice due and payable to Mortgagee by Mortgagor.
Protection of Lien. The Grantor shall pay all costs, expenses and reasonable attorney’s fees incurred by the Grantee in protecting or sustaining the lien of this Mortgage.
Protection of Lien. The Trustee and the City hereby agree not to make or create or suffer to be made or created any assignment or lien having priority or preference over the assignment and lien hereof upon the interests granted hereby or any part thereof. The Trustee and the City agree that no obligations the payment of which is secured by an equal claim on or interest in property or revenues pledged hereunder will be issued by either except in lieu of, or upon transfer of registration or exchange of, any Senior Obligation as provided herein and except for Additional Senior Obligations. The City and the Trustee covenant and agree to take such action as is necessary from time to time to preserve the priority of the pledge of the Trust Estate under applicable law.
