Common use of PAYMENT OF JUNIOR ENCUMBRANCES Clause in Contracts

PAYMENT OF JUNIOR ENCUMBRANCES. To permit no default or delinquency under any other lien, imposition, charge or encumbrance against the Property, even though junior and inferior to the lien of this Security Deed; provided, however, the foregoing shall not be construed to permit any other lien or encumbrance against the Property.

Appears in 4 contracts

Samples: Secure Debt and Security Agreement (Roberts Realty Investors Inc), Debt and Security Agreement (Roberts Realty Investors Inc), Secure Debt and Security Agreement (Roberts Realty Investors Inc)

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PAYMENT OF JUNIOR ENCUMBRANCES. 6. To permit no default or delinquency under any other lien, imposition, charge or encumbrance against the Property, even though junior and inferior to the lien of this Security DeedMortgage; provided, provided however, the foregoing shall not be construed to permit any other lien or encumbrance against the Property.

Appears in 2 contracts

Samples: Trust and Security Agreement (Jones Financial Companies L P), Trust and Security Agreement (Jones Financial Companies L P)

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PAYMENT OF JUNIOR ENCUMBRANCES. 6. To permit no default or delinquency under any other lien, imposition, charge or encumbrance against the Property, even though junior and inferior to the lien of this Security DeedMortgage; provided, provided however, the foregoing shall not be construed to permit any other additional lien or encumbrance against the Property, other than the Permitted Exceptions.

Appears in 1 contract

Samples: Mortgage (Agree Realty Corp)

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