Common use of Prior Lien Clause in Contracts

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 5 contracts

Sources: Office Lease (Auspex Pharmaceuticals, Inc.), Land and Building Lease (Shells Seafood Restaurants Inc), Subordination Agreement (Intuit Inc)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereofthereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 4 contracts

Sources: Lease Agreement, Office Lease (AssetMark Financial Holdings, Inc.), Office Lease (Sailpoint Technologies Holdings, Inc.)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereofthereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the LeaseLease [and the Option To Purchase];

Appears in 2 contracts

Sources: Building Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the LeaseLease and the Option To Purchase;

Appears in 2 contracts

Sources: Lease Agreement (Silicon Image Inc), Lease (Cylink Corp /Ca/)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereofthereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deed of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the LeaseLease and the Option to Purchase;

Appears in 1 contract

Sources: Lease (Maxlinear Inc)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, all of the terms, covenants, provisions and conditions thereof, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the LeaseLease and the Option To Purchase;

Appears in 1 contract

Sources: Master Land and Building Lease (Ryan's Restaurant Leasing Company, LLC)

Prior Lien. The Deed Deeds of Trust securing the Note in favor of LenderLenders, and any modifications, renewals or extensions thereofthereof (including, without limitation, any modifications, renewals or extensions with respect to any additional advances made subject to the Deeds of Trust), shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Sources: Lease (GenMark Diagnostics, Inc.)

Prior Lien. The Deed of Trust securing the Note in favor of ---------- Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Sources: Office Lease Agreement (Drugstore Com Inc)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, ---------- and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Sources: Office Lease (Prime Response Group Inc/De)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a and lien on the Property prior and superior to the Lease;

Appears in 1 contract

Sources: Subordination Agreement (Viant Corp)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;Lease and Lessee subordinates all of its right, title and interest in and to the Property to the lien of the Deed of Trust; and

Appears in 1 contract

Sources: Office Lease (Orexigen Therapeutics, Inc.)

Prior Lien. The Deed of Trust securing the Note in favor of Lender, and any modifications, renewals or extensions thereof, shall unconditionally be and at all times remain a lien on the Property prior and superior to the Lease;

Appears in 1 contract

Sources: Lease Agreement (Bsquare Corp /Wa)