Common use of Amount Secured Clause in Contracts

Amount Secured. Without the prior written consent of Senior Lender, which consent may be withheld in Senior Lender's sole discretion, Junior Lender shall not permit any increases in the principal amount secured by the Junior Mortgage (as may have been reduced by the repayment of any principal by Mortgagor), except for protective advances, and any interest thereon, and all costs, payments advanced, taxes and expenses hereafter advanced to insure the Property, to prevent waste, to protect the collateral thereunder or collect said debt, and all other expenses, costs and attorneys' fees incurred by Junior Lender in connection with the Junior Mortgage and/or the Junior Obligations. In the absence of consent by Senior Lender, any such increases shall constitute a default under the Senior Mortgage.

Amount Secured. Without the prior written consent of both Senior LenderLenders, which consent may be withheld in Senior Lender's their sole discretion, Junior Lender shall not permit any increases in the principal amount secured by the Junior Mortgage (as may have been reduced by the repayment of any principal by Mortgagor), except for protective advances, and any interest thereon, and all costs, payments advanced, taxes and expenses hereafter advanced to insure the Property, to prevent waste, to protect the collateral thereunder as contemplated in Florida Statutes or collect said debt, and all other expenses, costs and attorneys' fees incurred by Junior Lender in connection with the foregoing actions relating to the Junior Mortgage and/or the Junior Obligations. In the absence of consent by both Senior LenderLenders, any such increases shall constitute a default under the Senior MortgageMortgages.