Subsequent Liens. No provisions of this Deed should be construed as impairing the ability of Grantor to use this Property as collateral for a loan, provided that any mortgage or lien associated with the loan is subject to or subordinated to this Deed.
Subsequent Liens. Grantor shall not allow any subsequent liens or mortgages on all or any portion of the property without the prior written consent of Lxxxxx.
Subsequent Liens. No provision of this Conservation Easement should be construed as impairing the ability of Grantor to use the Protected Property as collateral for subsequent borrowing. Any mortgage or lien arising from such a borrowing shall be subject and subordinate to this Conservation Easement.
Subsequent Liens. At the Closing, there will be no outstanding contracts made by Seller for any improvements to the Property that have not been fully paid, and Seller shall cause to be discharged all mechanics’, contractors’ and materialmen’s liens arising from any labor or materials furnished prior to Closing under contracts made by Seller, which pertain to the Property. At Closing, there will be no outstanding obligations of Seller which, if unpaid, could result in a lien on the Property;
Subsequent Liens. If the Mortgagee at any time receives or is deemed to have received notice of any subsequent Lien or other interest affecting all or any part of the Collateral or any assignment or transfer of the Collateral which is prohibited by the terms of this Deed or any other Loan Document, all payments thereafter by or on behalf of any or all of the Loan Parties to the Mortgagee shall be treated as having been credited to a new account of the Mortgagee, and not as having been applied in reduction of the Secured Obligations as at the time when (or at any time after) the Mortgagee received such notice of such subsequent Lien or other interest or such assignment or transfer.
Subsequent Liens. If the Agent or any other Beneficiary receives, or is deemed to be affected by, notice, whether actual or constructive, of any Lien (other than a Lien which is permitted under the terms of the Finance Documents) affecting the Collateral and/or the proceeds of sale thereof, the Agent or such other Beneficiary may open a new account or accounts for the Chargor in its books. If the Agent or such other Beneficiary does not open a new account, it shall nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice (unless it gives express notice to the contrary to the Chargor). As from that time all payments made to the Agent or such other Beneficiary will (in the absence of any express appropriation to the contrary) be credited or be treated as having been credited to the new account and will not operate to reduce the Secured Obligations.
Subsequent Liens. If the Chargee at any time receives or is deemed to have received notice of any subsequent Lien or other interest affecting all or any part of the Security Assets or any assignment or transfer of the Security Assets which is prohibited by the terms of this Deed or any other Loan Document, all payments thereafter by or on behalf of any or all of the Transaction Parties to the Chargee shall be treated as having been credited to a new account of the Chargee, and not as having been applied in reduction of the Secured Obligations as at the time when (or at any time after) the Chargee received such notice of such subsequent Lien or other interest or such assignment or transfer.
Subsequent Liens. The following phrase shall be inserted at the end of Section 4.10 of the Original Indenture, as follows: “; provided however that this covenant shall not affect the Company’s ability to create or allow to exist Permitted Liens on any mortgaged property that are not expressly subordinated to the lien of this Indenture.”
Subsequent Liens. No other lien or other interest shall have been permitted to attach to the Premises superior or subordinate to the interest of Bank under the Security Instrument or under any of the other Loan Documents, except taxes for the current year, and other matters acceptable to Bank as evidenced by Bank’s written consent thereto. All parties holding direct contracts with the Borrower related to the Project shall execute lien waivers prior to each Advance.
Subsequent Liens. If the Administrative Agent or any other Secured Party receives, or is deemed to be affected by, notice, whether actual or constructive, of:
