Common use of Title to the Mortgaged Property Clause in Contracts

Title to the Mortgaged Property. Borrower shall warrant and defend (a) Senior Borrower’s and the Operating Company Entity’s title to the Mortgaged Property and every part thereof, subject only to Liens permitted hereunder (including Senior Permitted Encumbrances) and (b) the validity and priority of the Liens of the applicable Senior Security Instrument under the Senior Credit Agreement on the Mortgaged Property, subject only to Liens permitted hereunder (including Senior Permitted Encumbrances), in each case against the claims of all Persons whomsoever.

Appears in 2 contracts

Samples: Senior Mezzanine Credit Agreement (Technical Olympic Usa Inc), Junior Mezzanine Credit Agreement (Technical Olympic Usa Inc)

AutoNDA by SimpleDocs

Title to the Mortgaged Property. Each Borrower and Operating Company Entity shall warrant and defend (a) Senior Borrower’s and the Operating Company Entity’s its title to the Mortgaged Property and every part thereof, subject only to Liens permitted hereunder (including Senior Permitted Encumbrances) and (b) the validity and priority of the Liens of the applicable Senior Security Instrument under the Senior Credit and this Agreement on the Mortgaged Property, subject only to Liens permitted hereunder (including Senior Permitted Encumbrances), in each case against the claims of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

AutoNDA by SimpleDocs

Title to the Mortgaged Property. Borrower shall warrant and defend (a1) Senior Borrower’s and the Operating Company Entity’s its title to the Mortgaged Property and every part thereof, subject only to Liens permitted hereunder (including Senior Permitted Encumbrances) and (b2) the validity and priority of the Liens of the applicable Senior Security Instrument under the Senior Credit Instruments and this Agreement on the Mortgaged Property, subject only to Liens permitted hereunder (including Senior applicable Permitted Encumbrances), in each case against the claims of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Station Casinos Inc)

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