Examples of Permitted Liens and Encumbrances in a sentence
Except for the Permitted Liens and Encumbrances, Borrower has not taken, suffered or permitted any action, the effect of which would be to establish or cause the inception or priority of any construction or materialman’s lien, statutory or otherwise, or other lien, charge or encumbrance upon the Real Estate or the Secured Assets to be prior or superior to the liens and security interests of the Collateral Security Documents.
As of the date hereof, and at all times thereafter until the Loan has been paid in full, the Borrower will be the fee simple owner of the applicable portion of the Real Estate described in the Mortgage executed by the Borrower, free and clear of all liens, encumbrances, leases, management agreements, service agreements, rental agreements, occupancy agreements, claims and charges except as may be approved, in writing by Lender, except for the Permitted Liens and Encumbrances.
Permitted Liens and Encumbrances shall be those liens and encumbrances permitted by Exhibit B to the Mortgage.
The Borrower shall not create or permit to be outstanding any mortgage, encumbrance, or lien on the Real Estate or the Secured Assets except the Permitted Liens and Encumbrances, or as otherwise permitted hereunder.
Other than the Liens granted in favor of Lender, there are no Liens or encumbrances against all or any portion of the Collateral or the Applicable Underlying Loan Collateral, except for the Permitted Liens and Encumbrances.