Common use of First Lien Status Clause in Contracts

First Lien Status. Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage on the Mortgaged Property, except as otherwise provided in Section 3.1 above. If any lien or security interest other than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property and can reasonably be expected to have a Material Adverse Effect, Mortgagor shall promptly, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement.

First Lien Status. Mortgagor shall preserve and protect the first lien and security interest status (subject to the Permitted Liens) of this Mortgage on and the other Loan Documents to the extent related to the Mortgaged Property, except as otherwise provided in Section 3.1 above. If any lien or security interest other than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property and can reasonably be expected to have a Material Adverse EffectProperty, except as otherwise provided in the Credit Agreement, Mortgagor shall promptly, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b) pay the underlying claim in full or take such other action so as to cause it to be released or bonded (or otherwise stayed) or contest the same same, all in compliance accordance with the requirements of the Credit Agreement.

First Lien Status. Mortgagor shall preserve and protect the first lien First Priority Lien and security interest status of this Mortgage on and the Mortgaged Property, except as otherwise provided in Section 3.1 aboveother Loan Documents. If any lien or security interest (other than a the Permitted Encumbrance Encumbrances, other Liens permitted pursuant to the Credit Agreement or a Permitted Lien this Mortgage) is asserted against the Mortgaged Property and can reasonably be expected to have a Material Adverse EffectProperty, Mortgagor shall promptly, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms)) promptly after Mortgagor has notice thereof, and (b) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit AgreementAgreement (including the requirement of providing a bond or other security satisfactory to Mortgagee).

First Lien Status. Mortgagor shall preserve and protect the first lien and security interest status of this Mortgage on and the Mortgaged Property, except as otherwise provided in Section 3.1 aboveother Priority Lien Documents. If any lien or security interest other than a Permitted Encumbrance or a Permitted Lien is asserted against the Mortgaged Property and can reasonably be expected to have a Material Adverse Effect, Mortgagor shall promptly, and at its expense, (a) give Mortgagee a detailed written notice of such lien or security interest (including origin, amount and other terms), and (b) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Collateral Trust Agreement.