Creation of Lien. This Security Agreement creates a valid first priority Lien in the Collateral, securing Grantor’s performance and payment of its Obligations under the Transactional Documents, including, without limitation, performance of the City Purpose Covenant, and all actions necessary or desirable to protect such Lien have been duly taken.
Creation of Lien. In addition to any other rights or remedies available to RB Group, this Agreement creates a lien and charge upon the Equipment and may be registered under any applicable personal property security legislation as may be in effect from time to time and entitles RB Group to seize and retain possession of the Equipment as security for, and to sell the Equipment to recover, all sums owing hereunder.
Creation of Lien. This Agreement is effective to create a valid and continuing Lien upon the Collateral. Upon the written request of the Secured Party, the Debtor shall take all action necessary to protect and perfect such Lien on each item of the Collateral.
Creation of Lien. The garnishment or creation of a lien against or security interest in any of the Collateral (other than existing security interests as of the date hereof or liens otherwise permitted herein) in which Borrower has granted a security interest to Lender pursuant to the terms hereof which is otherwise not released or cured by Borrower in some other manner acceptable to Lender within ten days following the date upon which Borrower knew or in good faith should have known of the existence of the interest at issue.
Creation of Lien. The Commission and the County hereby grant to the Escrow Agent a first lien on the monies in the Escrow Fund and acknowledge that the monies in the Escrow Fund shall be subject to an express lien and trust for the benefit of the holders of the Bonds, subject, however, to the terms hereof.
Creation of Lien. The escrow created hereby shall be irrevocable. The Owners of the Prior District Bonds are hereby given an express lien on, and security interest in, the Escrow Fund and all earnings thereon, if any, until used and applied in accordance with this Agreement. The cash in the Escrow Fund is hereby pledged and assigned, and shall be applied solely for the payment of the principal of, the premium, if any, and interest on the Prior District Bonds.
Creation of Lien. The City and the County hereby grant to the Escrow Agent a first lien on the Accommodations Fees and acknowledge that the Accommodation Fees on deposit in the Escrow Fund shall be subject to an express lien and trust for the benefit of the holders of the Bonds, subject, however, to the terms of this Agreement.
Creation of Lien. Lessee shall not create or permit to be created or to remain, and shall discharge, any mechanic’s, laborer’s or materialmen’s lien or any conditional sale, title retention agreement or chattel mortgage, which might be or become a lien, encumbrance or charge upon the Demised Premises, the Improvements or any part thereof having any priority or preference over or ranking on a parity with the estate, rights and interest of Lessor in the Demised Premises, the Improvements or any part thereof.
Creation of Lien. The escrow created hereby shall be irrevocable. The holders of the Refunded Bonds are hereby given an express lien on and security interest in the Escrowed Securities and the cash in the Escrow Fund and all earnings thereon until used and applied in accordance with this Agreement. The matured principal of and earnings on the Escrowed Securities and any cash in the Escrow Fund are hereby pledged and assigned and except as otherwise provided herein shall be applied solely for the payment of the principal of and redemption premium, if any, on the Refunded Bonds.
Creation of Lien. The Lessor shall have a lien on the Vessel and its contents and the right to sell the same by public auction or otherwise at its discretion for all charges and expenses of whatever kind and nature including but not limited to the Rent, provisions, labour, storage, maintenance or fuel due to the Lessor under this Lease and also in respect of any previously unsatisfied amounts of the same nature and for the costs and expenses of exercising such lien and such sale. If on sale the proceeds fail to realise the amount due the Lessor shall be entitled to recover the difference from the Lessee
