Common use of SUBSEQUENT LIENS ON PROPERTY Clause in Contracts

SUBSEQUENT LIENS ON PROPERTY. No provisions of this Deed of Conservation Easement should be construed as impairing the ability of Grantor to use this Property as collateral for subsequent borrowing, provided that any mortgage or lien arising from such a borrowing would be subordinated to this Deed of Conservation Easement.

SUBSEQUENT LIENS ON PROPERTY. No provisions provision of this Deed of Conservation Easement should be construed as impairing the ability of the Grantor to use this the Property as collateral for subsequent borrowing, provided that any mortgage or lien arising from such a borrowing would must, at all times, be subordinated to this Deed the Conservation Easement by means of Conservation Easementa subordination document acceptable to the Foundation in the Foundation’s sole discretion.

SUBSEQUENT LIENS ON PROPERTY. No provisions of this Deed of Conservation Easement should be construed as impairing the ability of Grantor to use this the Easement Property as collateral for subsequent borrowing, borrowing provided that any mortgage or lien arising from such a borrowing would be is subordinated to this Deed of Conservation EasementEasement as modified or amended.