Common use of FIRST PRIORITY DOCUMENTS Clause in Contracts

FIRST PRIORITY DOCUMENTS. (a) With respect to that certain Credit Line Deed of Trust dated as of June 18, 2002, executed by Grantor in favor of Xxxx Xxxxx Eros for the benefit of First Beneficiary with respect to the Property (the "FIRST DEED OF TRUST") as well as the Loan Agreement (as defined in the First Deed of Trust) and other Loan Instruments (as defined in the First Deed of Trust), (together with the First Lien Intercreditor Agreement, collectively, the "FIRST PRIORITY DOCUMENTS"), Grantor covenants and agrees to give Beneficiaries notice of any uncured default following any applicable grace period by any party under the First Priority Documents within ten (10) days of Grantor becoming aware of such default and promptly to deliver to Beneficiaries a copy of each notice of default and all other notices, amendments, communications, plans, specifications and other statements, responses, similar instruments received or delivered by Grantor in connection with the First Priority Documents.

Appears in 2 contracts

Samples: Deed of Trust (Weirton Steel Corp), Deed of Trust (Weirton Steel Corp)

AutoNDA by SimpleDocs

FIRST PRIORITY DOCUMENTS. (a) With respect to that certain Amended and Restated Credit Line Deed of Trust dated as of June 18, 2002, executed by Grantor in favor of Xxxx Xxxxx Eros for the benefit of First Beneficiary with respect to the Property (the "FIRST DEED OF TRUST") as well as the Loan Agreement (as defined in the First Deed of Trust) and other Loan Instruments (as defined in the First Deed of Trust), (together with the First Lien Intercreditor Agreement, collectively, the "FIRST PRIORITY DOCUMENTS"), Grantor covenants and agrees to give Beneficiaries notice of any uncured default following any applicable grace period by any party under the First Priority Documents within ten (10) days of Grantor becoming aware of such default and promptly to deliver to Beneficiaries a copy of each notice of default and all other notices, amendments, communications, plans, specifications and other statements, responses, similar instruments received or delivered by Grantor in connection with the First Priority Documents.

Appears in 1 contract

Samples: Deed of Trust (Weirton Steel Corp)

AutoNDA by SimpleDocs

FIRST PRIORITY DOCUMENTS. (a) With respect to that certain Credit Line Deed of Trust dated as of June 18____________, 2002, executed by Grantor in favor of Xxxx Xxxxx Mary Clare Eros for the benefit of First Beneficiary with respect to the Property xxx Xxxxxxty (the "FIRST DEED OF TRUST") as well as the Loan Agreement (as defined in the First Deed of Trust) and other Loan Instruments (as defined in the First Deed of Trust), (together with the First Lien Intercreditor Agreement, collectively, the "FIRST PRIORITY DOCUMENTS"), Grantor covenants and agrees to give Beneficiaries notice of any uncured default following any applicable grace period by any party under the First Priority Documents within ten (10) days of Grantor becoming aware of such default and promptly to deliver to Beneficiaries a copy of each notice of default and all other notices, amendments, communications, plans, specifications and other statements, responses, similar instruments received or delivered by Grantor in connection with the First Priority Documents.

Appears in 1 contract

Samples: Deed of Trust (Weirton Steel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!