UNSATISFACTORY TITLE. Title to any part of the Collateral shall not be satisfactory to Agent, in its reasonable judgment, by reason of any Lien or other defect (even though any such defect may have existed at the time of any prior advance), except the Permitted Exceptions, the Permitted Encumbrances and the Liens of the Security Documents, and such Lien, encumbrance or other defect shall not be removed or bonded or insured over within 30 days after notice to Borrower.
UNSATISFACTORY TITLE. If at any time title to the Ammonia Project or any other Unit is not reasonably satisfactory to Owner by reason of any Lien, encumbrance, or other environmental defect affecting title, except for Permitted Liens, and such Lien, encumbrance or other defect is not corrected by and at the expense of Agent within ninety (90) days after notice to Agent.
UNSATISFACTORY TITLE. If at any time title to any Property is not satisfactory to Brazos or Agent by reason of any Lien or other defect not disclosed in writing or contained in the Title Policy for such Property at the time of any advance (even though the same may have existed at the time of any such advance), except the Permitted Encumbrances, and such Lien, encumbrance or other defect would, in the reasonable judgment of Lessee, have a material adverse effect on the Value or usefulness of the Property and is not corrected to the satisfaction of Brazos and Agent within one hundred eighty (180) days after written notice to Lessee unless such defect would, in the reasonable judgment of Lessee, cause a loss or forfeiture of title to a Property or the loss of priority of any Lien for the benefit of Agent, in which case such defect shall be cured immediately and prior to any such loss of title or priority.
UNSATISFACTORY TITLE. If at any time title to any Facility is not satisfactory to Brazos or Assignee by reason of any Lien or other defect not disclosed in writing at the time of any advance (even though the same may have existed at the time of any such advance), except the Permitted Encumbrances, and such Lien, encumbrance or other defect would have a material adverse effect on the Facility and is not corrected to the satisfaction of Brazos and Assignee within one hundred eighty (180) days after written notice to Lessee unless such defect whether material or not would cause a loss or forfeiture of title to a Facility or the loss of priority of any Lien for the benefit of Assignee, in which case such defect shall be cured immediately and prior to any such loss of title or priority.
UNSATISFACTORY TITLE. If at any time title to any Property is not satisfactory to Brazos or Assignee by reason
UNSATISFACTORY TITLE. If at any time title to any Facility is not satisfactory to Brazos or Assignee by reason of any Lien or other defect not disclosed in writing at the time of any advance (even though the same may have existed at the time of any such advance), except the Permitted Exceptions, and such Lien, encumbrance or other defect is not corrected within thirty (30) days after notice to Diamond Shamrock R & M.
UNSATISFACTORY TITLE. If at any time title to the Property is not satisfactory to Brazos or Assignee by reason of any Lien or other defect not disclosed in writing at the time of any advance under the Credit Agreement (even though the same may have existed at the time of any such advance), except the Permitted Exceptions, and such Lien, encumbrance or other defect is not corrected within thirty (30) days after written notice to Vari-Lite.
UNSATISFACTORY TITLE. If at any time title to any Unit Premises, Unit Improvements or Unit is not reasonably satisfactory to Owner by reason of any Lien, encumbrance, or other environmental defect (even though the same may have existed at the time of any prior advance), except for Permitted Liens, and such Lien, encumbrance or other defect is not corrected by bonding, deposit or payment within thirty (30) days after notice to Agent.
UNSATISFACTORY TITLE. If at any time title to any Unit Premises, -------------------- Unit Improvements or Unit is not reasonably satisfactory to Owner by reason of any Lien, encumbrance, or other environmental defect (even though the same may have existed at THIS AGREEMENT FOR LEASE IS CONFIDENTIAL AND PROPRIETARY the time of any prior advance), except for Permitted Liens, and such Lien, encumbrance or other defect is not corrected within thirty (30) days after notice to Agent.
UNSATISFACTORY TITLE. If at any time title to any Property is not satisfactory to Brazos or Assignee by reason of any Lien or other defect not disclosed in writing at the time of any advance (even though the same may have existed at the time of any such advance), except the Permitted Encumbrances, and such Lien, encumbrance or other defect would have a material adverse effect on the Property and is not corrected to the satisfaction of Brazos and Assignee within one hundred eighty (180) days after written notice to Lessee unless such defect whether material or not would cause a loss or forfeiture of title to a Property or the loss of priority of any Lien for the benefit of Assignee, in which case such defect shall be cured immediately and prior to any such loss of title or priority.
