PRIOR MORTGAGES. If this Mortgage, by its terms, is now, or at any time hereafter, becomes subject or subordinate to a prior mortgage, the Borrower shall fully perform its obligations under such prior mortgage and shall not, without the consent of the Bank, agree to the modification, amendment or extension of the terms or conditions of such prior mortgage. Nothing contained in this Section 3.10 is intended, nor shall it be deemed, to constitute consent by the Bank to a subordination of the lien of this Mortgage.
Appears in 4 contracts
Samples: Open End Mortgage Deed and Security Agreement (Edac Technologies Corp), Open End Mortgage Deed and Security Agreement (Edac Technologies Corp), Mortgage, Security Agreement (Edac Technologies Corp)
PRIOR MORTGAGES. If this the Mortgage, by its terms, is now, or at any time hereafter, becomes subject or subordinate to a prior mortgage, the Borrower shall fully perform its obligations under such prior mortgage and shall not, without the consent of the BankLender, agree to the modification, amendment or extension of the terms or conditions of such prior mortgage. Nothing contained in this Section 3.10 is intended, nor shall it be deemed, to constitute consent by the Bank Lender to a subordination of the lien of this the Mortgage.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Global Medical REIT Inc.)
