Limited Right of Bondholders Against the Trustor. Notwithstanding anything else contained herein to the contrary, the rights of the Trustee, Beneficiary and the Bondholders are subject to the terms and provisions of the Master Resolution and the Lease, in particular but not limited to Article XIV of the Lease and Article X of the Master Resolution. Additionally, no deficiency judgment upon foreclosure may be entered against Trustor, the County, the State of Utah or any of its political subdivisions.
Appears in 1 contract
Sources: Leasehold Deed of Trust, Assignment of Rents and Security Agreement
Limited Right of Bondholders Against the Trustor. Notwithstanding anything else contained herein to the contrary, the rights of the Trustee, Beneficiary and the Bondholders to exercise remedies against the Trustor in accordance with this Deed of Trust are subject to the terms and provisions of the Master Resolution Indenture and the Master Lease, in particular but not limited to Article XIV of the Master Lease and Article X IX of the Master ResolutionGeneral Indenture. Additionally, no deficiency judgment upon foreclosure may be entered against TrustorLehi City, the CountyUtah, the State of Utah or any of its political subdivisions.
Appears in 1 contract
Sources: Leasehold Deed of Trust, Assignment of Rents and Security Agreement
Limited Right of Bondholders Against the Trustor. Notwithstanding anything else contained herein to the contrary, the rights of the Trustee, Beneficiary and the Bondholders are subject to the terms and provisions of the Master Resolution and the Lease, in particular but not limited to Article XIV XII of the Lease and Article X XII of the Master Resolution. Additionally, no deficiency judgment judgement upon foreclosure may be entered against Trustor, the CountyTrustor, the State of Utah or any of its political subdivisions.
Appears in 1 contract
Sources: Deed of Trust, Assignment of Rents and Security Agreement
Limited Right of Bondholders Against the Trustor. Notwithstanding anything else contained herein to the contrary, the rights of the Trustee, Beneficiary and the Bondholders are subject to the terms and provisions of the Master Resolution and the Lease, in particular but not limited to Article XIV XII of the Lease and Article X XI of the Master Resolution. Additionally, no deficiency judgment judgement upon foreclosure may be entered against Trustor, the CountyCity, the State of Utah or any of its political subdivisions.
Appears in 1 contract
Sources: Deed of Trust, Assignment of Rents and Security Agreement