Common use of Maximum Amount of Indebtedness Clause in Contracts

Maximum Amount of Indebtedness. The maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a Borrower's obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of Default), either at execution or at any time thereafter, shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Law, amounts that Mortgagee expends after an Event of Default under this Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Property; (ii) premiums on insurance policies covering any Mortgaged Property; (iii expenses incurred in upholding the Lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien created by this Mortgage; or (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.

Maximum Amount of Indebtedness. The maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a Borrower's ’s obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of Default), either at execution or at any time thereafter, shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Law, amounts that Mortgagee expends after an Event of Default under this Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Property; (ii) premiums on insurance policies covering any Mortgaged Property; (iii iii) expenses incurred in upholding the Lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien created by this Mortgage; or (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.

Maximum Amount of Indebtedness. The Notwithstanding anything to the contrary in his Mortgage, the maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a BorrowerMortgagor 's obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of DefaultMortgagee), either at execution or at any time thereafterthereafter is $3,000,000.00 (the "Secured Amount"), shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Lawplus all interest, amounts that Mortgagee has advanced to Mortgagor in accordance with the Loan Documents and that Mortgagee expends after an Event a declaration of Default default under this the Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Propertythe Premises; (ii) premiums on insurance policies covering any Mortgaged Propertythe Premises; (iii iii) expenses incurred in upholding the Lien lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien lien created by this Mortgage; or or, (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.

Maximum Amount of Indebtedness. The Notwithstanding anything to the contrary in his Mortgage, the maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a BorrowerMortgagor 's obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of DefaultMortgagee), either at execution or at any time thereafterthereafter is $4,000,000.00 (the "Secured Amount"), shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Lawplus all interest, amounts that Mortgagee has advanced to Mortgagor in accordance with the Loan Documents and that Mortgagee expends after an Event a declaration of Default default under this the Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Propertythe Premises; (ii) premiums on insurance policies covering any Mortgaged Propertythe Premises; (iii iii) expenses incurred in upholding the Lien lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien lien created by this Mortgage; or or, (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.

Maximum Amount of Indebtedness. The Notwithstanding anything to the contrary in his Mortgage, the maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a BorrowerMortgagor 's obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of DefaultMortgagee), either at execution or at any time thereafterthereafter is $7,000,000.00 (the "Secured Amount"), shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Lawplus all interest, amounts that Mortgagee has advanced to Mortgagor in accordance with the Loan Documents and that Mortgagee expends after an Event a declaration of Default default under this the Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Propertythe Premises; (ii) premiums on insurance policies covering any Mortgaged Propertythe Premises; (iii iii) expenses incurred in upholding the Lien lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien lien created by this Mortgage; or or, (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.