Restrictions on Liens and Encumbrances. Except for the lien of this Mortgage and the Permitted Exceptions, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Mortgage and whether recourse or non-recourse.
Restrictions on Liens and Encumbrances. Except for the lien of this Deed of Trust, and except as expressly permitted under the Credit Agreement, Grantor shall not further deed, nor otherwise encumber the Trust Property nor create any lien, charge or encumbrance on the Trust Property, or any part thereof.
Restrictions on Liens and Encumbrances. Except for the lien of this Deed of Trust and the Permitted Exceptions and except as otherwise permitted pursuant to the terms of the Senior Secured Credit Agreement, Grantor shall not further mortgage, nor otherwise encumber the Trust Property nor create or suffer to exist any lien, charge or encumbrance on the Trust Property, or any part thereof, whether superior or subordinate to the lien of this Deed of Trust and whether recourse or non-recourse. Beneficiary has not consented and will not consent to any contract or to any work or to the furnishing of any materials which might be deemed to create a lien or liens superior to the lien of this instrument, either under Section 66-10-000 xx the Tennessee Code Annotated, or otherwise.
Restrictions on Liens and Encumbrances. Except for the lien of this Deed and the Permitted Exceptions and except as otherwise permitted pursuant to the terms of the Amended and Restated Credit Agreement, Grantor shall not further mortgage, nor otherwise encumber the Secured Property nor create or suffer to exist any lien, charge or encumbrance on the Secured Property, or any part thereof, whether superior or subordinate to the lien of this Deed and whether recourse or non-recourse.
Restrictions on Liens and Encumbrances. Except as permitted under Section 7.3 (Limitation on Liens) of the Credit Agreement, except for the Liens of the Security Agreements and except for the lien of this Mortgage and the Permitted Exceptions, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Mortgage and whether recourse or non-recourse.
Restrictions on Liens and Encumbrances. Except for the lien of this Mortgage and the Permitted Exceptions and except as otherwise permitted pursuant to the
Restrictions on Liens and Encumbrances. Except for the lien of this Deed of Trust, the Permitted Exceptions and any lien that is permitted by the terms of the Indenture, and except as expressly permitted under the Indenture, Grantor shall not further mortgage, nor otherwise encumber the Trust Property nor create or suffer to exist any lien, charge or encumbrance on the Trust Property, or any part thereof, whether superior or subordinate to the lien created by this Deed of Trust and whether recourse or non-recourse.
Restrictions on Liens and Encumbrances. Except for the lien of this Mortgage and the Permitted Exceptions and except as otherwise permitted pursuant to the terms of the Credit Agreement, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Mortgage and whether recourse or non-recourse; provided, however that Mortgagor shall have the right to contest, diligently and in good faith, the imposition of any mechanics' liens placed on the Mortgaged Property. The presence of any such mechanic's liens shall not constitute an Event of Default so long as Mortgagor is so diligently contesting such mechanics' liens.
Restrictions on Liens and Encumbrances. Except for the lien of this Deed of Trust and the Permitted Exceptions, and except as expressly permitted under the Credit Agreement, Trustor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Deed of Trust and whether recourse or non-recourse.
Restrictions on Liens and Encumbrances. Except for the lien of this Mortgage and the Permitted Exceptions, and except as expressly permitted under the Credit Agreement, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge, pledge, security interest or encumbrance (including any conditional sale or other title retention agreement) on the Mortgaged Property or any interest therein, or any part thereof, whether superior or subordinate to the lien of this Mortgage, whether recourse or non-recourse, whether voluntarily or involuntarily created and whether directly or indirectly a Lien thereon. Mortgagor shall have the right to contest or object in good faith in the amount or validity of any Lien by appropriate legal proceedings, but such right shall not be deemed or construed in any way as relieving, modifying or extending Mortgagor’s covenant to pay any such Lien at the time and in the manner provided in this Section unless (i) the legal proceedings would not reasonably be expected to result in the sale, forfeiture or less of the Mortgaged Property, or any materail part thereof, to satisfy such Lien prior to final determination of such proceedings and (ii) Mortgagor shall (A) establish reserves in conformity with GAAP with respect thereto on Mortgagor’s books or (B) furnish a good and sufficient bond or surety as required in connection with any such proceeding.
