Effect of Mortgage. 85.1 Where the Security Owner is the Borrower:
Effect of Mortgage. This Mortgage constitutes a security agreement under the Uniform Commercial Code as adopted in the State of Ohio and creates a security interest in favor of the Grantee in and to all that property (and the proceeds, accessions and replacements thereof, and the proceeds of any insurance on such property) included in the Mortgaged Property which constitutes fixtures or personal property. The Grantor shall execute, deliver, file and refile any financing statements, continuation statements, or other security agreements the Grantee may require from time to time to confirm the lien of this Mortgage with respect to such property. If certificates of title are issued with respect to any such property, the Grantor will cause the interest of the Grantee to be properly noted thereon. Without limiting the foregoing, the Grantor hereby irrevocably appoints the Grantee attorney- in-fact for the Grantor to execute, deliver and file such instruments for and on behalf of the Grantor, but only in the event that the Grantor has failed to execute, deliver, file and refile any such financing statements, continuation statements or other security agreements. Notwithstanding any release of any or all of that property included in the Mortgaged Property which is deemed “real property”, any proceedings to foreclose this Mortgage, or its satisfaction of record, the terms hereof shall survive as a security agreement with respect to the security interest created hereby and referred to above until the repayment or satisfaction in full of the obligations of the Grantor as are now or hereafter evidenced by the Loan Agreement or otherwise secured hereby. Nothing herein shall preclude the Grantee from proceeding as to both real and personal property in accordance with the Grantee’ rights and remedies in respect of real property, as provided in the Uniform Commercial Code as adopted in Ohio.
Effect of Mortgage. This Mortgage constitutes a security agreement under the Uniform Commercial Code as adopted in the Commonwealth of Kentucky and creates a security interest in favor of Mortgagee in and to all that property (and the proceeds, accessions and replacements thereof, and the proceeds of any insurance on such property) included in the Mortgaged Property which constitutes fixtures or personal property. Mortgagor shall execute, deliver, file and refile any financing statements, continuation statements, or other security agreements Mortgagee may require from time to time to confirm the lien of this Mortgage with respect to such property. If certificates of title are issued with respect to any such property, Mortgagor will cause the interest of the Mortgagee to be properly noted thereon. Without limiting the foregoing, Mortgagor hereby irrevocably appoints Mortgagee attorney-in-fact for Mortgagor to execute, deliver and file such instruments for and on behalf of Mortgagor. Notwithstanding any release of any or all of that property included in the Mortgaged Property which is deemed “real property”, any proceedings to foreclose this Mortgage, or its satisfaction of record, the terms hereof shall survive as a security agreement with respect to the security interest created hereby and referred to above until the repayment or satisfaction in full of the Obligations. Nothing herein shall preclude Mortgagee from proceeding as to both real and personal property in accordance with Mortgagee’ rights and remedies in respect of personal property or fixtures, as provided in the Uniform Commercial Code as adopted in the Commonwealth of Kentucky.
Effect of Mortgage. The Mortgage is hereby modified to provide that the Mortgage secures the Note, as amended hereby, in addition to and not in limitation of all other indebtedness and obligations stated in the Mortgage to be secured thereby.
Effect of Mortgage. 7-1 The effect of mortgage is based on the Property Law of the People’s Republic of China, the Guaranty Law of the People’s Republic of China, the laws, regulations, judicial interpretations concerning mortgage and the contract. Accordingly, in the event that the Lessee fails to pay all or part of the principal creditor’s rights on time and/or the Mortgagor defaults under Article 8 of the contract, the Mortgagee shall have the right to auction and sell the Mortgaged Property and receive compensation from the proceeds. 合同编号:IFELC20DK1STVA-G-01
Effect of Mortgage. 1. The mortgagor guarantees that the debtor shall fulfill all the obligations under the master contract. In case the debtor is in violation of the provisions of the master contract (including but not limited to, the debtor fails to use the loan as stipulated in the master contract), such violation shall not affect the performance of the guarantee liability under this Contract by the mortgagor.
Effect of Mortgage. The provisions and requirements of this Article VI and of Article VII shall be in addition to the provisions and requirements of the Mortgage, and not in substitution therefor. So long as the Mortgage shall remain in force and effect, the requirements of the Mortgage shall govern the obligations of the parties with respect to the Project to the extent the same are inconsistent with the provisions of Articles VI and VII.
Effect of Mortgage. 6.1 This Maximum Amount Property Mortgage Contract becomes valid after singed by the Mortgagor and Guarantee Agent Bank. The mortgage right for the articles in the mortgaged articles list is set as of the signing date of this agreement. Except that the mortgage right for some mortgaged articles in the mortgaged articles list is set as per Chinese laws and rules as of the mortgage register date.
Effect of Mortgage. The effect of the mortgage right extends to the subordinate objects, subordinate rights, subrogation objects, separation objects, attachments, mixtures and processed objects of the collateral, and other properties and rights stipulated by laws and regulations.
Effect of Mortgage. The provisions and requirements of this Article VII and of Article VIII shall be in addition to the provisions and requirements of any mortgage security interest(s) on the Project Site, Rights of Way, or Facilities previously granted by the Lessee to Sun Trust Bank as “Collateral Agent” under the Consent Agreement to secure existing or future indebtedness (the “Mortgage”), and not in substitution therefor. So long as the Mortgage shall remain in force and effect, and subject to the subordination requirements in Section 5.2(f) hereof, the requirements of the Mortgage shall govern the obligations of the parties with respect to the Project to the extent the same are inconsistent with the provisions of Articles VI and VII. The Issuer acknowledges that except as provided in Section 5.2(f) with respect to the PILOT payments, the lien of the Mortgage is and shall be superior to the rights of the Issuer in and to the Project.
