Common use of First Lien Status Clause in Contracts

First Lien Status. Grantor will protect the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted Exceptions.

Appears in 3 contracts

Sources: Credit Agreement (Powersecure International, Inc.), Term Credit Agreement (Powersecure International, Inc.), Credit Agreement (Powersecure International, Inc.)

First Lien Status. Grantor will protect the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted ExceptionsExceptions and lien claims bonded around as provided in Loan Documents.

Appears in 1 contract

Sources: Deed of Trust (Grubb & Ellis Healthcare REIT II, Inc.)

First Lien Status. Grantor will protect the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted ExceptionsExceptions and the security interests and liens in favor of ▇▇▇▇▇ Fargo Business Credit, Inc. pursuant to the WFBCI Deed of Trust.

Appears in 1 contract

Sources: Deed of Trust (Rf Monolithics Inc /De/)

First Lien Status. Grantor will protect and preserve the first lien ----------------- and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted Exceptions.

Appears in 1 contract

Sources: Deed of Trust (Cellstar Corp)

First Lien Status. Grantor will protect the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest superior to, on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted ExceptionsEncumbrances.

Appears in 1 contract

Sources: Credit and Security Agreement (General Communication Inc)

First Lien Status. Grantor will protect and preserve the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted Exceptions.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

First Lien Status. Grantor will protect the The first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, ' superior to, or inferior to any of the liens or security interests hereof, except for the Permitted ExceptionsExceptions and lien claims bonded around as provided in Loan Documents.

Appears in 1 contract

Sources: Purchase and Sales Agreement (Healthtech International Inc)

First Lien Status. Grantor will protect the first lien and security interest status of this Deed of Trust and the other Loan Documents and will not permit to be created or to exist in respect of the Mortgaged Property or any part thereof any lien or security interest on a parity with, superior to, or inferior to any of the liens or security interests hereof, except for the Permitted Exceptions.Exceptions and the Subordinate Mortgage of ▇▇▇▇▇ Fargo Bank Minnesota, N.A.

Appears in 1 contract

Sources: Deed of Trust, Security Agreement, Assignment of Rents and Fixture Financing Statement (Rf Monolithics Inc /De/)