Priority of Mortgage. The Mortgage constitutes a valid first lien against the real and personal property described therein, prior to all other liens or encumbrances, including those which may hereafter accrue, excepting only Permitted Encumbrances.
Priority of Mortgage. As set forth in greater detail in Exhibit "C", any lien to secure the performance of any of Borrower's monetary or non-monetary obligations to Third Party Indemnitor shall be unconditionally subordinate to the Mortgage.
Priority of Mortgage. 88.1 The Mortgage takes priority over all Security Interests, except those to which the Lender has consented in writing.
Priority of Mortgage. The Mortgage constitutes a valid first lien against the real and personal property described therein, prior to all other liens or encumbrances, including those which may hereafter accrue, excepting only those Liens permitted by this Agreement or those "Permitted Encumbrances" specifically set forth in the Mortgage, none of which Permitted Encumbrances materially interfere with the security intended to be provided by the Mortgage or the current use of the Property and the Improvements.
Priority of Mortgage. The Mortgage constitutes a valid first lien against the real and personal property described therein, prior to all other liens or encumbrances, including those which may hereafter accrue, excepting only "Permitted Encumbrances", which Permitted Encumbrances do not and will not materially and adversely affect (a) the ability of the Borrower to pay in full the principal of and interest on the Note when due, (b) the security (and its value) intended to be provided by the Mortgage or (c) the current use of the Property and the Improvements.
Priority of Mortgage. The Mortgage constitutes a valid first lien against the real and personal property described therein, prior to all other liens or encumbrances, including those which may hereafter accrue, excepting only Permitted Encumbrances specifically set forth in the Mortgage, none of which Permitted Encumbrances materially and adversely affect (a) the ability of Borrower to pay in full the principal of and interest on the Note when due, (b) the security (and its value) intended to be provided by the Mortgage or (c) the current use of the Land and the Improvements.
Priority of Mortgage. [Intentionally Deleted]. --------------------
Priority of Mortgage. To the best of Borrower's knowledge, the Mortgage constitutes a first lien upon and security interest in the real and personal property described therein, prior to all other Liens, including those which may hereafter accrue, excepting only those Liens specifically permitted by this Agreement or those "Permitted Encumbrances" specifically set forth in the Mortgage. If any other Lien is hereafter determined to exist, Borrower shall within thirty (30) days following written notice from Lender remove any such Lien.
Priority of Mortgage. If the holder of any Mortgage of the Land and/or -------------------- Building requires that this Lease have priority over such Mortgage, Tenant shall, upon request of such holder, execute, acknowledge and deliver to such holder an agreement acknowledging such priority.
Priority of Mortgage. (a) As a condition to the obligation of the Purchaser to pay the Purchase Price at the Closing, the title to the Property shall be subject only to the Loan Documents, any Prior Mortgage and any Prior Mortgage Loan Documents and the liens, encumbrances and other title matters described on Schedule 5(a) annexed hereto and other non-monetary encumbrances or defects which do not materially, adversely affect the use of the Property or the priority of any lien, claim or right being acquired by Purchaser hereunder ("Permitted Encumbrances" -- all other title matters shall be referred to herein as "Unpermitted Encumbrances").
