Common use of Maximum Principal Indebtedness Clause in Contracts

Maximum Principal Indebtedness. Notwithstanding anything to the ------------------------------ contrary contained herein, the maximum amount of principal indebtedness secured by this Deed of Trust at the time of execution or which under any contingency may hereafter become secured hereby at any time is the Original Principal Loan Amount specified on Schedule 1 attached hereto, provided, however, that such limitation shall not limit the security of this Deed of Trust with respect to (i) all interest due under the Note or any of the other Loan Documents, (ii) sums to pay Taxes (as defined in the Loan Agreement), (iii) sums to pay insurance premiums, (iv) expenses incurred in upholding or enforcing the lien of this Deed of Trust, including without limitation, the expenses of any litigation to prosecute or defend the rights and lien created by this Deed of Trust and (v) any other amount secured by this Deed of Trust which if not limited by such limitations would not increase the amount of mortgage recording taxes, if any, payable with respect to this Deed of Trust.

Appears in 6 contracts

Samples: Deed of Trust (Sizzler International Inc), Deed of Trust (Sizzler International Inc), Deed of Trust and Assignment of Rents, Security Agreement and Financing Statement (Sizzler International Inc)

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