Loss of Priority. The failure at any time of the UCC Financing Statements to be a valid first lien on the Collateral or any portion thereof, other than as a result of any termination of the UCC Financing Statements with respect to all or any portion of the Collateral pursuant to the terms and conditions of this Agreement; or
Appears in 2 contracts
Sources: Mezzanine Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)