Common use of Same Indebtedness; Priority of Liens Not Affected Clause in Contracts

Same Indebtedness; Priority of Liens Not Affected. This Agreement and the execution of other documents contemplated hereby do not constitute the creation of a new debt or the extinguishment of the debt evidenced by the Loan Documents, nor will they in any way affect or impair the liens and security interests created by the Loan Documents, which New Borrower acknowledges to be valid and existing liens and security interests in the Project. New Borrower agrees that the lien and security interests created by the Security Instrument continue to be in full force and effect, unaffected and unimpaired by this Agreement or by the transfer of the Project or any collateral described in financing statements filed in connection with the Loan Documents and that said liens and security interests shall so continue in their perfection and priority until the debt secured by the Loan Documents is fully discharged.

Same Indebtedness; Priority of Liens Not Affected. This Agreement and the execution of other documents contemplated hereby do not constitute the creation of a new debt or the extinguishment of the debt Debt evidenced by the Loan Documents, nor will they in any way affect or impair the liens Liens and security interests created by the Loan Documents, which New Added Borrower acknowledges to be valid and existing liens Liens on and security interests in the ProjectProperty. New Added Borrower agrees that the lien Lien and security interests created by the Security Instrument Mortgage continue to be in full force and effect, unaffected and unimpaired by this Agreement or by the transfer of the Project tenant in common interest in the Property or any collateral described in financing statements filed in connection with the Loan Documents and that said liens Liens and security interests shall so continue in their perfection and priority until the debt Debt secured by the Loan Documents is fully discharged.

Same Indebtedness; Priority of Liens Not Affected. This Agreement and the execution of other documents contemplated hereby do not constitute the creation of a new debt or the extinguishment of the debt evidenced by the Loan Documents, nor will they in any way affect or impair the liens and security interests created by the Loan Documents, which New Borrower acknowledges to be valid and existing liens and security interests in the Project. New Borrower agrees that the lien and security interests created by the Security Instrument Mortgage continue to be in full force and effect, unaffected and unimpaired by this Agreement or by the transfer of the Project or any collateral described in financing statements filed in connection with the Loan Documents and that said liens and security interests shall so continue in their perfection and priority until the debt secured by the Loan Documents is fully discharged.