No Credits on Account of the Obligations. The Grantor will not claim or demand or be entitled to any credit or credits on account of the Obligations for any part of the Taxes assessed against the Trust Property or any part thereof and no deduction shall otherwise be made or claimed from the taxable value of the Trust Property, or any part thereof, by reason of this Deed of Trust or the Obligations. If at any time this Deed of Trust shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayment of any portion of the Obligations shall not reduce the amount of the lien of this Deed of Trust until the lien amount shall equal the principal amount of the Obligations outstanding.
Appears in 5 contracts
Samples: Deed of Trust (Smith & Wollensky Restaurant Group Inc), Leasehold Deed of Trust (Smith & Wollensky Restaurant Group Inc), Deed of Trust (Smith & Wollensky Restaurant Group Inc)
