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 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. 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. Repayment of this loan is deferred because the source of the funds used to make the loan is the United States Department of Housing and Urban Development’s NSP, HOME or CDBG Program. The Borrower acknowledges that the Lender will act to assure and maintain compliance with regulations applicable to the source of funds used for the loan and the Lender may not permit any subsequent superior liens on the Property, except for the purpose of improving the interest rate or term of a loan connected to a pre-existing superior lien. Any request for subordination must be submitted in writing to the Ingham County Treasurer.
Subsequent Liens. Except with respect to portions of the Property which are the subject of a Fair Market Value Sale, without the prior written consent of the City (which may be withheld in the City’s sole and absolute discretion), Developer will not create or place, permit to be created or placed or, through any act or failure to act, acquiesce in the creation or placing of, or allow to remain, any mortgage, lien (statutory, constitutional or contractual), pledge, security interest, charge or conditional sale or other title retention agreement on the Property (or any portion thereof) prior to a sale to an unaffiliated third party. With respect to any Fair Market Value Sale, any mortgage, lien (statutory, constitutional or contractual), pledge, security interest, charge or conditional sale or other title retention agreement on the Property, will be subject to the Takedown of such portion of the Property.
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:
(a) any Lien (other than the Security or a Lien permitted pursuant to the terms of the Credit Agreement) affecting the Security Assets and/or the proceeds of sale thereof; or
(b) the occurrence of any event specified in Section 8(f) of the Credit Agreement, the Administrative Agent or such other Secured Party may open a new interest-bearing account or accounts for the Chargor in its books. If the Administrative Agent or such other Secured Party 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 Administrative Agent or such other Secured Party 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.
