Common use of Loss of Priority Clause in Contracts

Loss of Priority. The failure at any time of any Security Instrument to be a valid first lien upon the applicable Asset or any portion thereof, other than as a result of any release or reconveyance of a Security Instrument with respect to all or any portion of the Assets pursuant to the terms and conditions of this Agreement; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien Lien upon the applicable Asset Property or any portion thereofthereof (subject to Permitted Liens), other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property pursuant to the terms and conditions of this Agreement; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien Lien upon the applicable Asset Property and Improvements or any portion thereofthereof (subject to Permitted Liens), other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property and Improvements pursuant to the terms and conditions of this Agreement; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien upon the applicable Asset Property, Improvements or any portion thereof, thereof (other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property and Improvements pursuant to the terms and conditions of this Agreement) prior and superior to all other liens and encumbrances thereon except those approved by Lender in writing; or

Loss of Priority. The failure at any time of any Security Instrument to be a valid first lien upon the applicable Asset a Property or any portion thereof, other than as a result of any release or reconveyance of a such Security Instrument with respect to all or any portion of the Assets such Property pursuant to the terms and conditions of this Agreement, prior and superior to all other liens and encumbrances thereon except those approved by Lender in writing; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien upon the applicable Asset Property or any portion thereof, other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property and Improvements pursuant to the terms and conditions of this Agreement; oror HOU:0050320/00225:1822429v5 LOAN NO. 1015580

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien upon the applicable Asset Property or any portion thereofthereof (subject to Permitted Liens), other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property pursuant to the terms and conditions of this Agreement; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien upon the applicable Asset Property and Improvements or any portion thereof, other than as a result of any release or reconveyance of a the Security Instrument with respect to all or any portion of the Assets Property and Improvements pursuant to the terms and conditions of this Agreement; or

Loss of Priority. The failure at any time of any the Security Instrument to be a valid first lien upon the applicable Asset Property or any portion thereofother Collateral described therein (subject to Permitted Liens), other than as a result of any release or reconveyance of a such Security Instrument with respect to all or any portion of the Assets Property and Improvements pursuant to the terms and conditions of this Agreement; or