Continuing Lien. L▇▇▇▇▇▇▇▇▇ agrees that to the extent that any HPI Guaranteed Obligations remain unpaid that he shall use his best efforts as the sole shareholder of Health to permit a continuing lien on the building owned by Health in Utica, New York, which lien shall be superior to that of any other party except for the present Mortgagee, until such time as all HPI Guaranteed Obligations have been fully satisfied and duly released of record.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Life Energy & Technology Holdings Inc), Acquisition Agreement (Life Energy & Technology Holdings Inc)
Continuing Lien. L▇▇▇▇▇▇▇▇▇▇ agrees that to the extent that any HPI Guaranteed Obligations remain unpaid that he shall use his best efforts as the sole shareholder of Health to permit a continuing lien on the building owned by Health in Utica, New York, which lien shall be superior to that of any other party except for the present Mortgagee, until such time as all HPI Guaranteed Obligations have been fully satisfied and duly released of record.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Health Pak Inc)