Subordinate Lienholder definition

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a Leasehold Mortgage under this chapter (except the Mille Lacs Band with respect to a claim for a tribal leasehold tax).

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Subordinate Lienholder means the holder of a subordinate lien shown on the face of the pleadings as an encumbrance on the property. The lien held by the party filing the foreclosure lawsuit is not a subordinate lien. A subordinate lienholder includes, but is not limited to, a subordinate mortgage, judgment, tax warrant, assessment lien, or construction lien. However, the holder of a subordinate lien shall not be deemed a subordinate lienholder if the holder was paid in full from the proceeds of the sale.

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a leasehold mortgage under this Chapter (except the Tribe with respect to a claim for a tribal leasehold tax).

Examples of Subordinate Lienholder in a sentence

• Vyteris will not sell or offer to sell or otherwise transfer or grant or allow the imposition of a lien or security interest upon the Collateral except for the existing subordinate security interest in favor of the Subordinate Lienholder, will not allow any third party to gain control of all or any part of the Collateral, and will not use any portion thereof in any manner inconsistent with this Agreement or with the terms and conditions of any policy of insurance thereon.

• Parent will not sell or offer to sell or otherwise transfer or grant or allow the imposition of a lien or security interest upon the Collateral except for the existing subordinate security interest in favor of the Subordinate Lienholder, will not allow any third party to gain control of all or any part of the Collateral, and will not use any portion thereof in any manner inconsistent with this Agreement or with the terms and conditions of any policy of insurance thereon.

• RAMPART PROPERTIES, LLC, a Nevada limited liability company ("Subordinate Lienholder"), is the successor by merger to Rampart.

• This Agreement shall not be construed to give rise to any obligation on the part of any Subordinate Lienholder to assume or pay any indebtedness of Company to Senior Lienholder, nor shall this Agreement be construed to give rise to any obligation on the part of AHAB or any Purchaser to provide to Company any amount or enter into other financing arrangement with Company.

• Senior Lienholder agrees that, notwithstanding any contrary provision in any agreement between Company and Senior Lienholder, Company may grant a security interest to any Subordinate Lienholder in the Collateral and agrees that the grant of such security interest shall not constitute a default or event of default by Company under any agreement between Company and Senior Lienholder.

More Definitions of Subordinate Lienholder

Subordinate Lienholder means the holder of any lien perfected subsequent to the recording of Leasehold Mortgage under this Act, except the Band with respect to any claim regarding any tax imposed by the Band on Band Land.

Subordinate Lienholder means the holder of a subordinate lien shown on the face of the pleadings as an encumbrance on the property. The lien held by the party filing the foreclosure lawsuit is not a subordinate lien. A subordinate lienholder includes, but is not limited to, a

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a Leasehold Mortgage under this Ordinance; provided, however, such terms shall not include the Tribe with respect to a claim for a Tribal leasehold tax.

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a Mortgage under this Ordinance; provided, however, such definition shall not include the Chitimacha Tribe of Louisiana with respect to a claim for a Tribal tax on the Mortgaged property, where applicable.

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of an interest in real property under this Article.

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a leasehold mortgage under this Chapter, except the Tribe shall not be considered a subordinate lienholder with respect to any claim regarding a tribal tax on real property.

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a mortgage under this Code; provided, however, such definition shall not include the Little Traverse Bay Bands of Odawa Indians with respect to a claim for a Tribal tax on the Mortgaged property, where applicable.