Common use of Valid Lien Clause in Contracts

Valid Lien. The Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, second, third or fourth priority lien on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, secondsecond or third priority lien, third or fourth priority lien as the case may be, on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, second, third or fourth first priority lien on the real estate described in such Loan.

Valid Lien. The Each Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, days and constitutes a valid and perfected first, second, third or fourth priority lien on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the ---------- Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, second, third or fourth priority lien lien, as the case may be, on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the ---------- Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, second, third or fourth priority lien on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and and, if a Fixed Rate Loan or Group II Adjustable Rate Loan, constitutes a valid and perfected first, second, second or third or fourth priority lien on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, second, third or fourth priority lien on the real estate described in such Loan.and

Valid Lien. The Loan has been duly executed and delivered by the ---------- Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, secondsecond or third priority lien, third or fourth priority lien as the case may be on the real estate described in such Loan.

Valid Lien. The Loan has been duly executed and delivered by the ---------- Obligor, and the lien created thereby has been duly recorded, or has been delivered to the appropriate governmental authority for recording and will be duly recorded within 180 days, and constitutes a valid and perfected first, secondsecond or third priority lien, third or fourth priority lien as the case may be, on the real estate described in such Loan.