Common use of Junior Financing Clause in Contracts

Junior Financing. During the term of the Loan, Borrower shall ---------------- not create or permit to exist any liens on or security interests in the Property or any other property on which Lender has a lien to secure the Loan, and shall not enter into a lease of all or any portion of the Property, which is outside the leasing criteria to be agreed upon between Borrower and Lender, without the prior written consent of Lender, provided, however, if a Lease requires the consent of Borrower, subject to the prior written consent of Lender, Tenants may mortgage their leasehold interest, provided such mortgages do not require subordination of Borrower's fee interest in the Property. Borrower shall not agree to any mortgage, hypothecation, pledge, encumbrance or transfer by Tenant without Lender's consent, such consent not to be unreasonably conditioned, withheld or delayed.

Junior Financing. During the term of the Loan, Borrower shall ---------------- not create or permit to exist any liens on or security interests in the Property or any other property on which Lender has a lien to secure the Loan, and shall not enter into a lease of all or any portion of the Property, which is outside the leasing criteria to be agreed upon between Borrower and Lender, without the prior written consent of Lender, provided, however, if a Lease requires the consent of Borrower, subject to the prior written consent of Lender, Tenants may mortgage their leasehold interest, provided such mortgages do not require subordination of Borrower's fee interest in the Property. Borrower shall not agree to any mortgage, hypothecation, pledge, encumbrance or transfer by Tenant without Lender's consent, such consent not to be unreasonably conditioned, withheld or delayed.