Common use of First Lien Status Clause in Contracts

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed to Secure Debt and the other Credit Documents. If any Lien other than a Permitted Encumbrance or another Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee a detailed written notice of such Lien (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 (including the requirement of providing a bond or other security satisfactory to Grantee).

First Lien Status. Grantor shall preserve and protect the first lien First Priority Lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien or security interest other than a the Permitted Encumbrance or another Permitted Lien Encumbrances is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary 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 (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien lien or security interest other than a Permitted Encumbrance or another a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary a detailed written notice of such Lien 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 (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary to the extent required by the Credit Agreement).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien lien or security interest other than a Permitted Encumbrance or another a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary a detailed written notice of such Lien 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 (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien lien or security interest other than a the Permitted Encumbrance or another Permitted Lien Encumbrances is asserted against the Mortgaged PropertyCollateral, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary a detailed written notice of such Lien lien or security interest (including origin, amount and such other termsinformation as Beneficiary may request), and shall either (bi) pay the underlying claim in full or take such other action so as to cause it to be released released, or (ii) contest the same in compliance with the requirements of the Credit Loan Agreement (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien lien or security interest other than a Permitted Encumbrance or another Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptlypromptly upon obtaining knowledge of such lien or security interest, and at its expense, (a) give Grantee Beneficiary a detailed written notice of such Lien 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 (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first lien and security interest status of this Deed to Secure Debt of Trust and the other Credit Loan Documents. If any Lien lien or security interest other than [a Permitted Encumbrance or another or] a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary a detailed written notice of such Lien 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 (including the requirement of providing a bond or other security satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first lien Lien and security interest status of this Deed to Secure Debt and the other Credit Documentsof Trust. If any Lien or security interest other than a Permitted Encumbrance or another a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, and at its expense, (a) give Grantee Beneficiary 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 commercially reasonable action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including including, if applicable, the requirement of providing a bond or other security reasonably satisfactory to GranteeBeneficiary).

First Lien Status. Grantor shall preserve and protect the first priority lien and security interest status of this Deed to Secure Debt Mortgage and the other Credit Loan Documents. If any Lien lien or security interest other than a the Permitted Encumbrance or another Permitted Lien Encumbrances is asserted against the Mortgaged PropertyCollateral, Grantor shall promptly, and at its expense, (a) give Grantee a detailed written notice of such Lien lien or security interest (including origin, amount and such other termsinformation as Grantee may request), and shall either (bi) pay the underlying claim in full or take such other action so as to cause it to be released released, or (ii) contest the same in compliance with the requirements of the Credit Loan Agreement (including the requirement of providing a bond or other security satisfactory to Grantee).