Common use of No Additional Liens Clause in Contracts

No Additional Liens. Borrower covenants not to execute any mortgage, security agreement, assignment of leases and rents or other agreement granting a lien (except the liens granted to Lender by the Loan Documents) or, except as set forth in PARAGRAPH 2 above, take or fail to take any other action which would result in a lien against the interest of Borrower in the Property without the prior written consent of Lender.

Appears in 5 contracts

Samples: Security Agreement and Fixture Filing (Equity Lifestyle Properties Inc), Mortgage, Security Agreement and Fixture (NNN Healthcare/Office REIT, Inc.), Mortgage, Security Agreement and Fixture (NNN Healthcare/Office REIT, Inc.)

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No Additional Liens. Borrower covenants not to execute any mortgage, security agreement, assignment of leases and rents or other agreement granting a lien (except the liens granted to Lender by the Loan Documents) or, except as set forth in PARAGRAPH Paragraph 2 above, take or fail to take any other action which would result in a lien against the interest of Borrower in the Property without the prior written consent of Lender.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.), Rents and Security Agreement (Historic Preservation Properties 1989 Limited Partnership)

No Additional Liens. Borrower covenants not to execute any mortgage, security agreement, assignment of leases and rents or other agreement granting a lien (except the liens granted to Lender by the Loan Documents) or, except as set forth in PARAGRAPH Paragraph 2 aboveabove (i.e. Borrower's right to contest such lien), take or fail to take any other action which would result in a lien against the interest of Borrower in the Property without the prior written consent of Lender.

Appears in 1 contract

Samples: Ramco Gershenson Properties Trust

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No Additional Liens. Borrower covenants not to execute any mortgage, security agreement, assignment of leases and rents or other agreement granting a lien (except the liens granted to Lender or permitted by the Loan Documents) or, except as set forth in PARAGRAPH Paragraph 2 above, take or fail to take any other action which would result in a lien against the Property or the interest of Borrower in the Property without the prior written consent of Lender, provided, however, that in the case of an involuntary lien, Borrower shall have 10 days after prior written notice from Lender to remove, bond over or otherwise satisfy such lien.

Appears in 1 contract

Samples: Merrill Lynch & Co Inc

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