Property Lien definition
Examples of Property Lien in a sentence
Subject to Paragraph 3.12 relating to permitted contests, Lessee shall promptly (A) pay all Indebtedness of Lessee and other obligations prior to the time the non-payment thereof would give rise to a Lien on the Property and (B) discharge, at its sole cost and expense, any Lien on the Property which is not a Permitted Property Lien.
The Mortgagor represents and warrants that all Charges imposed upon or assessed against the Mortgaged Property have been paid and discharged except to the extent such Charges constitute a Permitted Mortgaged Property Lien but are not yet due and payable.
Interest Owners shall also be responsible for payment of all prepayment penalties, premiums and other charges or amounts payable in connection with the pay-off of any Property Liens encumbering the Property, other than Property Lien securing the Assumed Loan, if any.
Except for such Permitted Liens and Permitted Personal Property Lien provided in Section 8.04, each Borrower will own all parts of the Collateral Properties and will not acquire any fixtures, equipment, or other property (including software embedded therein) forming a part of any Collateral Property pursuant to a Lease, license, security agreement, or similar agreement, whereby any party has or may obtain the right to repossess or remove same, without the prior written consent of Administrative Agent.
Subject to Paragraph 3.12 relating to permitted contests, Lessee shall promptly (A) pay all Indebtedness of Lessee and other obligations prior to the time the non-payment thereof would give rise to a Lien on the Facility 1 Property and (B) discharge, at its sole cost and expense, any Lien on the Facility 1 Property which is not a Permitted Facility 1 Property Lien.
The Trustee, on behalf of itself and the Noteholders, and the Collateral Agent, agree that, unless and until the Discharge of Senior Lender Claims has occurred, it will not commence, or join with any Person (other than the Senior Lenders and the Agent upon the request thereof) in commencing any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it under any of the Noteholder Documents (other than any Noteholder Property Lien) or otherwise.
Each of the RMI Loan Documents, the RMI Assignment and Assumption Agreements, and the RMI SASAs, as each such instrument has been or may be amended, supplemented or otherwise modified, is an Acquired Property Lien Document.
The Collateral Agent, on behalf of itself and the Noteholders, and the Trustee, agree that, unless and until the Discharge of Senior Lender Claims has occurred, it will not commence, or join with any Person (other than the Senior Lenders and the Senior Agent upon the request thereof) in commencing any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it under any of the Noteholder Documents (other than any Noteholder Property Lien) or otherwise.
Each of the GMAC Loan Documents and the GMAC Assignment and Assumption Agreements, as each such instrument has been or may be amended, supplemented or otherwise modified is an Acquired Property Lien Document.
Government Agency agrees to provide the CERTNA lien data and documents via CERTNA electronic transfer for the purposes of recordation with the CCRs. Refer to the Interface Design Document (IDD): Send Real Property Lien Recording to CERTNA, Attachment 1 (Main) and Attachment 2 (Record Layout).