Lien Instruments definition
Examples of Lien Instruments in a sentence
It is the intent of the parties that this Amendment shall not constitute a novation and shall in no way limit, diminish, impair or adversely affect the lien priority of the Lien Instruments.
All of the liens and security interests securing the Loan, including, without limitation, the liens and security interests created by the Lien Instruments, are hereby ratified, reinstated, renewed, confirmed and extended to secure the Loan and the Note as modified hereby.
All sums so expended or demanded by Lender and the interest thereon shall be included in the Indebtedness and secured by the Lien Instruments.
Borrower hereby reaffirms all of its obligations under the Note (as amended hereby), the Lien Instruments and the other Loan Documents, and acknowledges that it has no claims, offsets or defenses with respect to the payment of sums due under the Note (as amended hereby), the Lien Instruments or the other Loan Documents.
The Holder's interest in the Collateral shall be as a secured lender pursuant to the terms of the Security and Loan Agreement as publicized by one or more financing statement(s) dated of even date with subject only to Senior Lien Instruments as such term is defined in the Security and Loan Agreement of even date herewith.
The occurrence of any Event of Default under and as defined in any of the Other Lien Instruments.
Notwithstanding anything to the contrary herein contained, repayment under the preceding sentence shall be paid in preference to repayment thereof and prior to the payment of any dividends or distributions on any equity security issued by the Company or any interest or principal on any other debt of the Company other pursuant to the Senior Lien Instruments.
Each of the Notes is cross-defaulted with the others, and Grantor has granted to Grantee a lien on properties described in the Other Lien Instruments in addition to those described herein as additional security for the Notes, all as further described in the Master Loan Agreement.
All of the liens and security interests securing the Loans, including, without limitation, the liens and security interests created by the Lien Instruments, are hereby ratified, reinstated, renewed, confirmed and extended to secure the Loans and the Notes as modified.
No notice of cancellation of any such policies has been received; and such policies are sufficient for compliance with all applicable Rules, the Assumed Contracts, Lien Instruments affecting the Purchased Assets and Real Property Leases.