Last Dollars Secured. This Deed of Trust secures only a portion of the Indebtedness owing or which may become owing by the Grantor. The parties agree that any payments or repayments of such Indebtedness by the Grantor shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties’ intent that the portion of the Indebtedness last remaining unpaid shall be secured hereby.
Appears in 3 contracts
Samples: Credit Line Deed of Trust (Jacobs Entertainment Inc), Deed of Trust (Jacobs Entertainment Inc), Credit Line Deed of Trust (Jacobs Entertainment Inc)
Last Dollars Secured. This Deed of Trust secures only a portion of the Indebtedness indebtedness owing or which may become owing by the GrantorGrantor to the Secured Parties. The parties agree that any payments or repayments of such Indebtedness by the Grantor indebtedness shall be and be deemed to be applied first to the portion of the Indebtedness indebtedness that is not secured hereby, it being the parties’ intent that the portion of the Indebtedness indebtedness last remaining unpaid shall be secured hereby.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Assignment of Leases and Rents, Deed of Trust, Security Agreement and Assignment of Leases and Rents (Bush Industries Inc)
Last Dollars Secured. This Deed of Trust secures only a portion of the Indebtedness owing or which may become owing by the Grantor. The parties agree that any payments or repayments of such Indebtedness by the Grantor shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties’ ' intent that the portion of the Indebtedness last remaining unpaid shall be secured hereby.
Appears in 2 contracts
Samples: Credit Line Deed of Trust (Jacobs Entertainment Inc), Credit Line Deed of Trust (Jalou Cashs LLC)
Last Dollars Secured. This Deed of Trust secures only a portion of the Indebtedness Obligations owing or which may become owing by the GrantorGrantor to Beneficiary. The parties agree that any payments or repayments of such Indebtedness Obligations by the Grantor shall be and be deemed to be applied first to the portion of the Indebtedness Obligations that is not secured hereby, it being the parties’ intent that the portion of the Indebtedness Obligations last remaining unpaid shall be secured hereby.
Appears in 2 contracts
Samples: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)
Last Dollars Secured. This Deed of Trust secures only a portion of the Indebtedness owing or which may become owing by the Grantor. The parties agree that any payments or repayments of such Indebtedness by the Grantor shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties’ ' intent that the portion of the Indebtedness last remaining unpaid shall be secured herebythereby.
Appears in 2 contracts
Samples: Credit Agreement (Norcraft Companies Lp), Credit Agreement (Ionics Inc)
Last Dollars Secured. This Deed of Trust secures only a -------------------- portion of the Indebtedness owing or which may become owing by the GrantorGrantors. The parties agree that any payments or repayments of such Indebtedness by the Grantor Grantors shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties’ ' intent that the portion of the Indebtedness last remaining unpaid shall be secured hereby.
Appears in 1 contract
