Common use of Title to Mortgaged Property and Lien of this Instrument Clause in Contracts

Title to Mortgaged Property and Lien of this Instrument. Xxxxxxxxx owns the Mortgaged Property free and clear of any liens, claims or interests other than Permitted Liens (as defined in the Credit Agreement). This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property, subject only to the Permitted Liens.

Appears in 3 contracts

Samples: Security Agreement (Pantry Inc), Security Agreement (Pantry Inc), Security Agreement (Pantry Inc)

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Title to Mortgaged Property and Lien of this Instrument. Xxxxxxxxx owns the interests it holds as noted in the Exhibits hereof in the Mortgaged Property free and clear of any liens, claims or interests other than interests, except for the Permitted Liens (as defined in the Credit Agreement)and subject to any Permitted Releases. This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property, subject only to the Section 8.22, Permitted LiensLiens and Permitted Releases.

Appears in 1 contract

Samples: Intercreditor Agreement (Armstrong Coal Company, Inc.)

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