Common use of Xx Lien in Licensed Area Clause in Contracts

Xx Lien in Licensed Area. Nothing in this SLA or the SPPA shall constitute a mortgage, charge, assignment, transfer, pledge, lien, or encumbrance upon the Licensed Area, the Site, or the Facility. If this SLA or the SPPA were ever construed or deemed to create any such lien or encumbrance, then: 4.3.1. This SLA and the SPPA shall be junior and subordinate to the Senior Security Documents; 4.3.2. Any term or condition of this SLA relating to any right, title, or interest in the Licensed Area or System or any insurance, eminent domain, or other proceeds or benefits derived therefrom shall be in all respects junior and subordinate to, and subject to the terms of, the Senior Security Documents.

Xx Lien in Licensed Area. Nothing in this SLA or the SPPA shall constitute a mortgage, charge, assignment, transfer, pledge, lien, or encumbrance upon the Licensed Area, the Site, or the Facility. If this SLA or the SPPA were ever construed or deemed to create any such lien or encumbrance, then: 4.3.1. : This SLA and the SPPA shall be junior and subordinate to the Senior Security Documents; 4.3.2. ; and Any term or condition of this SLA relating to any right, title, or interest in the Licensed Area or System or any insurance, eminent domain, or other proceeds or benefits derived therefrom shall be in all respects junior and subordinate to, and subject to the terms of, the Senior Security Documents.