Common use of Validity and Sufficiency of Security Documents Clause in Contracts

Validity and Sufficiency of Security Documents. The Mortgage and the other Security Documents shall create a valid and perfected lien on the property described therein ("Collateral") and each of the Security Documents and related UCC filings shall have been duly recorded and filed to the satisfaction of Lender and its counsel.

Appears in 3 contracts

Samples: Loan Agreement (Westwood Group Inc), Term Loan Agreement (Emeritus Corp\wa\), Construction Loan Agreement (American Retirement Corp)

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Validity and Sufficiency of Security Documents. The Mortgage and the other Security Documents shall create a valid and perfected lien on the property described therein ("Collateral") and each of the Security Documents and related UCC filings shall have been duly recorded and filed to the satisfaction of Lender Administrative Agent, and its Administrative Agent's counsel.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

Validity and Sufficiency of Security Documents. The Mortgage and the other Security Documents shall create a valid and perfected lien on the property described therein ("Collateral") and each of the Security Documents and related UCC filings shall have been duly recorded and filed to the satisfaction of Lender and its counsel.

Appears in 1 contract

Samples: Loan Agreement (Unitil Corp)

Validity and Sufficiency of Security Documents. The Mortgage and the other Security Documents shall create a valid and perfected lien on the property described therein ("Collateral") and each of the Security Documents and related UCC filings shall have been duly recorded and filed to the satisfaction of Lender Agent, each of the Lenders and its Agent’s counsel.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

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Validity and Sufficiency of Security Documents. The Mortgage and the other Security Documents shall have been filed or recorded as required to create a valid and perfected lien on the property described therein ("Collateral") and each of the Security Documents and related UCC filings shall have been duly recorded and filed to the satisfaction of Lender and its Lender’s counsel.

Appears in 1 contract

Samples: Loan Agreement (Sonesta International Hotels Corp)

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