Lxxxxx’s lien granted by Bxxxxxxx I over the Bordeaux Property Sample Clauses

Lxxxxx’s lien granted by Bxxxxxxx I over the Bordeaux Property. As security for and in order to guarantee the payment and repayment of the Secured Obligations and ancillary amounts valued at eight per cent (8%), the Original Lender shall benefit from the following lender’s lien over the Bordeaux Property: Undertaking as to use of the funds – Lxxxxx’s lien Borrower I undertakes to use the sum of eight million three hundred thousand Euros (€8,300,000.00) corresponding to its Allocated Share to pay a part of the price and to declare in the Bordeaux Acquisition Deed that it has made such a payment in the amount of eight million three hundred thousand Euros (€8,300,000.00) using the funds paid to it under the Facility, so that the Original Lender shall benefit over the Bordeaux Property, up to the amount of the sums so used, from the lender’s lien provided for by Article 2374 of the French Civil Code. Such lender’s lien shall be registered to the Lender with the relevant land registry department in the following form: AS SECURITY FOR: the sum of eight million three hundred thousand Euros, representing the principal € 8,300,000.00 Interest and fees of which the ranking is protected by law Memorandum Total amounts ancillary to the receivable, (including inter alia but without limitation): (i) the agreed fees; (ii) the increased interest payable on any late payment of the sums owed; (iii) the indemnities (all sums owed by way of indemnities, inter alia on Acceleration, by way of damages and penalties, the travel costs of the creditor, the costs associated with the assignment of the receivable after acceleration, costs constituted by fees, recovery costs, procedural costs, indemnities payable in the event of an order being handed down...); (iv) taxes payable in connection with the sums owed; (v) insurance premiums; (vi) costs (costs of procuring a transfer of title, registration costs and registration renewal costs, enforcement and recovery costs...); valued at eight per cent (8%), namely: six hundred and sixty-four thousand Euro € 664,000.00 Total to be registered: EIGHT MILLION NINE HUNDRED AND SIXTY-FOUR THOUSAND EUROS € 8,964,000.00 This registration shall remain in force, in accordance with the provisions of Article 2434 of the French Civil Code, for a period of one year from the Final Repayment Date of the Initial Tranche, namely until 29 December 2020 and shall rank first and not be superseded by any registration in favour of a third party.