First Lien. Upon the execution by the Borrower and the recording of this Deed of Trust, and upon the filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Trust Property and a valid security interest in the Equipment subject to no liens, charges or encumbrances other than the Permitted Exceptions and liens, charges or encumbrances otherwise expressly permitted by the Loan Documents.
Appears in 5 contracts
Samples: Security Agreement and Fixture Filing (MPG Office Trust, Inc.), Waiver and Agreement (Maguire Properties Inc), Cash Management Agreement (Maguire Properties Inc)
First Lien. Upon the execution by the Borrower and the recording of this Deed of TrustSecurity Deed, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Trust Property and a valid security interest in the Equipment all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions and liens, charges or encumbrances otherwise expressly permitted by the Loan DocumentsExceptions.
Appears in 2 contracts
Samples: Debt and Security Agreement (Sun Communities Inc), Secure Debt and Security Agreement (Sun Communities Inc)
First Lien. Upon the execution by the Borrower and the recording of this Deed of Trust, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Trust Property and a valid security interest in the Equipment all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions and liens, charges or encumbrances otherwise expressly permitted by the Loan DocumentsExceptions.
Appears in 1 contract
Samples: Sun Communities Inc
