Common use of Last Dollars Secured Clause in Contracts

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: And Attornment Agreement (Jacobs Entertainment Inc), Security Agreement (Jacobs Entertainment Inc), And Attornment Agreement (Jacobs Entertainment Inc)

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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 (Ionics Inc), Credit Agreement (Norcraft Companies Lp)

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: www.sec.gov, Bush Industries Inc

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)

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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: Disturbance and Attornment Agreement (Jacobs Entertainment Inc), Security Agreement (Jalou Cashs LLC)

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

Samples: Security Agreement (Raceland Truck Plaza & Casino LLC)

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