Maximum Debt Secured. Notwithstanding anything contained herein to the contrary, the maximum amount of principal indebtedness secured by this Security Instrument at execution or which under any contingency may become secured hereby at any time hereafter is $37,912,500.00 plus all amounts expended by Mortgagee, after default by the Mortgagor hereunder, to enforce, defend and/or maintain the lien of this Security Instrument or to protect the Property encumbered hereby, or the value thereof, including, without limitation, all amounts in respect of insurance premiums and all real estates taxes, charges or assessments imposed by law upon the Property (other than Excluded Taxes), or any other amount, cost or charge to which the Mortgagee may become subrogated upon payment as a result of Mortgagor’s failure to pay as required by the terms of this Security Instrument plus all accrued but unpaid interest on the obligations secured hereby.
Maximum Debt Secured. Notwithstanding anything contained herein to the contrary, the maximum amount of principal indebtedness secured by this Security Instrument at execution or which under any contingency may become secured hereby at any time hereafter is $205,000,000.00 plus (a) taxes, charges or assessments which may be imposed by law upon the premises, (b) premiums on insurance policies covering the premises, and (c) out-of-pocket expenses actually incurred in upholding the lien of this Security Instrument, including, but not limited to (i) the expenses of any litigation to prosecute or defend the rights and lien created by this Security Instrument, (ii) any amount, cost or charges to which the Lender becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority and (iii) interest at the Default Rate (or Interest Rate).
Maximum Debt Secured. 12 7.4 Application Of Payments And Repayments...................... 12 7.5 Insurance Proceeds.......................................... 13 7.6
Maximum Debt Secured. Notwithstanding anything contained herein to the contrary, the maximum amount of principal indebtedness secured by this Mortgage at execution or which under any contingency may become secured hereby at any time hereafter is $2,012,000.00 (the "Term Secured Amount") plus all amounts expended by Mortgagee to enforce, defend and/or maintain the lien of this Mortgage or to protect the Mortgaged Property, or the value thereof, including, without limitation, all mortgage recording taxes, all amounts in respect of insurance premiums and all real estates taxes, charges or assessments imposed by law upon the Mortgaged Property, or any other amount, cost or charge to which Mortgagee may become subrogated upon payment as a result of Mortgagor's failure to pay as required by the terms of this Mortgage plus all accrued but unpaid interest on the obligations secured hereby. For the avoidance of doubt, this Mortgage does not secure any portion of the Revolving Loan (as defined in the Credit Agreement) and secures only the portion of the Term Loan (as defined in the Credit Agreement) as more fully described in this Section 7.3.
Maximum Debt Secured. 28 Section 16.4 Insurance Proceeds....................................... 28 Section 16.5
Maximum Debt Secured. Notwithstanding anything contained herein to the contrary, the maximum amount of principal indebtedness secured by said mortgage at execution or which under any contingency may become secured hereby at any time hereafter is $55,500,000.00 plus all amounts expended by Mortgagee, after default by the Mortgagor hereunder, to enforce, defend and/or maintain the lien of said mortgage or to protect the property encumbered by said mortgage, or the value thereof, including, without limitation, all amounts in respect of insurance premiums, legal fees and all real estates taxes, charges or assessments imposed by law upon said premises, or any other amount, cost or charge to which the Lenders may become subrogated upon payment as a result of Mortgagor's failure to pay as required by the terms of said mortgage plus all accrued but unpaid interest on the obligations secured hereby.
