Common use of Senior Bank Liens Clause in Contracts

Senior Bank Liens. Collectively, (i) each lien and security interest in all or any portion of the Mortgaged Property heretofor or hereafter granted by Grantor or its Affiliates under the Senior Credit Agreement, and (ii) each lien and security interest in all or any portion of the Mortgaged Property hereafter granted by any Person who acquires an interest in all or any portion of the Mortgaged Property securing senior debt of such Person.

Appears in 10 contracts

Samples: Mortgage, Line of Credit Mortgage and Deed of Trust (Holly Energy Partners Lp), Mortgage (Holly Energy Partners Lp), LLC Interest Purchase Agreement (HollyFrontier Corp)

AutoNDA by SimpleDocs

Senior Bank Liens. Collectively, (ixvii) each lien and security interest in all or any portion of the Mortgaged Property heretofor or hereafter granted by Grantor or its Affiliates under the Senior Credit Agreement, and (iixviii) each lien and security interest in all or any portion of the Mortgaged Property hereafter granted by any Person who acquires an interest in all or any portion of the Mortgaged Property securing senior debt of such Person.

Appears in 1 contract

Samples: Mortgage and Deed of Trust (Holly Energy Partners Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!