Priority Lien Mortgages definition

Priority Lien Mortgages means a collective reference to each First Lien Term Loan Mortgage and each other mortgage, deed of trust and other document or instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any Priority Lien Obligations or (except for this Agreement and the Collateral Trust Agreement) under which rights or remedies with respect to any such Liens are governed.
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Examples of Priority Lien Mortgages in a sentence

  • Revolving Credit Collateral Agent and the Term Collateral Agent shall cooperate and use reasonable efforts to ensure that their activities during the Access Period as described above do not interfere materially with the activities of the other as described above, including the right of the Term Collateral Agent to commence foreclosure of the Term Priority Lien Mortgages or to show the Term Priority Lien Collateral to prospective purchasers and to ready the Term Priority Lien Collateral for sale.

  • The ABL Agent and each Priority Lien Debt Collateral Agent shall cooperate and use reasonable efforts to ensure that their activities during the Access Period as described above do not interfere materially with the activities of the other as described above, including the right of any Priority Lien Debt Collateral Agent to commence foreclosure of the Priority Lien Mortgages or to show the Shared Collateral to prospective purchasers and to ready the Shared Collateral for sale.