Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount.
Last Dollar Secured. So long as the aggregate principal amount of the Obligations exceeds the Recovery Amount, any payments and repayments of the Obligations shall not be deemed to be applied against or to reduce the Recovery Amount.]3
Last Dollar Secured. This Mortgage secures only a portion of the Secured Obligations owing or which may become owing by the Mortgagor to the Secured Parties. The parties agree that any payments or repayments of the Secured Obligations shall be and be deemed to be applied first to the portion of the Secured Obligations that is not secured hereby, it being the parties’ intent that the portion of the Secured Obligations last remaining unpaid shall be secured hereby. This Mortgage is also upon the STATUTORY CONDITION, for any breach of which, or for any breach of any other of the covenants, conditions, agreements and obligations of the Mortgagor herein contained, or upon the occurrence of any of the events specified as an Event of Default in this Mortgage or if the whole of the principal sum of and the interest on the Secured Obligations shall become due, the Administrative Agent shall have the STATUTORY POWER OF SALE.
Last Dollar Secured. So long as the aggregate amount of the Secured Obligations exceeds the Secured Amount, any payments and repayments of the Secured Obligations shall not be deemed to be applied against or to reduce the Secured Amount. 2 THE LOAN AMOUNT IS $960,000,000; IF STATE ALLOWS FOR MORTGAGES TO BE FOR MORE THAN THE LOAN AMOUNT IN CASE THE CREDIT AGREEMENT IS AMENDED, USE $1,000,000,000; IF STATE HAS MORTGAGE TAX, USE THE AGREED UPON VALUE OF THE PROPERTY.
Last Dollar Secured. This Mortgage secures only a portion of the Obligations owing or which may become owing by Mortgagor. The parties agree that any payments or repayments of such Obligations by Mortgagor shall be and be deemed to be applied first to the portion of the Obligations that is not secured hereby, it being the parties’ intent that the portion of the Obligations last remaining unpaid shall be secured hereby.
Last Dollar Secured. This Mortgage secures only a portion of the Secured Obligations owing or which may become owing by the Mortgagor to the Secured Parties. The parties agree that any payments or repayments of the Secured Obligations shall be and be deemed to be applied first to the portion of the Secured Obligations that is not secured hereby, it being the parties’ intent that the portion of the Secured Obligations last remaining unpaid shall be secured hereby. This Mortgage shall be governed by the laws of the State of Maine.
