Note and Security Sample Clauses

Note and Security. Said Loan shall be evidenced by the Note, shall be payable in monthly installments and shall have a maturity date of not later than ____________. Said Note shall be executed by the Borrower and be payable to the Lender, and shall be secured by the Mortgage[s], of even date herewith, on the Premises. The Mortgage[s] shall constitute [a first mortgage lien] [first mortgage liens of equal priority] on the Premises and the improvements erected thereon and the only lien thereon except other liens acceptable to the Lender and HUD.
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Note and Security. 13 3.1 NOTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3.2 SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ARTICLE 4
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Note and Security. The Loan shall be evidenced by the Note ----------------- executed by the Borrower, as maker, and delivered to the Bank, at the Closing of the Loan. The Loan, and all of the agreements, obligations, covenants, representations and warranties of Borrower contained in this Loan Agreement, are secured by the following "SECURITY DOCUMENTS" executed and delivered by the Borrower to the Bank at the Closing of the Loan, to-wit: (a) Deed of Trust executed by Krelitz, as grantor, to and in favor of Bank, granting a first lien on the Minnesota Facility; (b) Security Agreement executed by Borrower, as debtor, to and in favor of Bank, as secured party, granting a first lien security interest the Missouri FFE, the Kentucky FFE and the Minnesota FFE; (c) UCC Financing Statements executed by Borrower, as debtor, to and in favor of Bank, as secured party, with respect to the Missouri FFE, the Kentucky FFE and the Minnesota FFE; and (d) Landlord's Agreement executed by the Landlord of the Missouri Facility.
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Note and Security. The Loan will be evidenced by that certain Revolving Promissory Note of even date herewith, made by Borrowers payable to the order of Bank in the face principal amount of Eighteen Million Dollars ($18,000,000.00) (the "Note"), and shall be secured by all of the following: (i) a first priority mortgage lien upon, and a first priority security interest in, the Fawn Lake Project, pursuant to that certain Credit Line Deed of Trust and Security Agreement dated December 30, 1997, of record in Deed Book 1521, Page 447 in the Office of the Recorder of Spotsylvania County, Virginia, and pursuant to a Conditional Assignment of Leases, Rents, Contracts, Income and Proceeds dated December 30, 1997, of record in Deed Book 1521, Page 501 in the aforesaid Office, both as amended by an Amendment to Security Documents of even date herewith; (ii) a first priority mortgage lien upon, and a first priority security interest in, the Lake Forest II Project, pursuant to that certain Mortgage and Security Agreement (Fixture Filing Statement) dated January 6, 1998, of record in Mortgage Book 4555, Page 594, in the Jefferson County Clerk's office, and pursuant to that certain Assignment of Rents and Leases dated January 6,
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Note and Security. 13 3.1 Note..........................................................................13 3.2 Security......................................................................13 ARTICLE 4
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Note and Security. (a) To secure the prompt and complete payment, performance and observance of all the Obligations, Company hereby concurrently grants to Thayer a Lien upon all of its right, title and interest in, to and under all of its assets and property, tangible or intangible, whether now owned by or owing to, or hereafter acquired by or arising in favor of Company (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, Company, and regardless of where located, as more specifically set forth in the Security Agreement. (b) To secure the prompt and complete payment, performance, and observance of all of the Obligations, Parent hereby currently pledges to Xxxxxx the stock of Company now or hereafter owned by Parent, as more specifically set forth in the Pledge Agreement (c) Parent and Company's obligations hereunder shall be evidenced by the Note, in the form of Exhibit A attached hereto. Xxxxxx shall record the date and amount of each drawing on the Letter of Credit and the date and amount of each payment of principal by Parent and/or Company with respect thereto; provided that, the failure of Xxxxxx to make any recordation shall not affect the obligations of the Parent and Company hereunder or under the Note.
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Note and Security. Prior to any disbursement of funds, Contractor shall execute and deliver a Promissory Note in an amount equal to Six Hundred Thousand Dollars ($600,000) (“Note”) and a Deed of Trust in favor of the County to secure the performance of all terms and conditions of the Note and this Agreement. The Note will be non-recourse to the Contractor and its partners. The Deed of Trust shall be recorded in the Office of the Recorder of the County of San Mateo. The Deed of Trust shall be subordinate to the liens of Contractor’s construction and permanent financing. County agrees to execute subordination agreements reasonably requested by Contractor’s construction and permanent lenders. No interest shall accrue on the Note until Project Completion. Interest at the rate of three percent (3%) simple shall be charged annually, commencing on the first day of the first month following the issuance of the Certificate of Completion. The term of the Note shall begin upon execution and shall extend for Forty (40) Years (“Note Maturity”) provided Contractor meets the Performance Period requirement regarding Project Completion. Should Contractor not meet this Performance Period requirement, the Note will be accelerated and due in full within sixty (60) days of Contractor receipt of County demand notice. The Note and Deed of Trust shall be executed prior to any disbursement of funds under this Agreement.
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Note and Security. Article III of the Loan Agreement is hereby amended ----------------- to add the following:
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Note and Security 
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Related to Note and Security

  • Password and Security If you are issued or create any password or other credentials to access the Service or the portion of the Site through which the Service is offered, you agree not to give or make available your password or credentials to any unauthorized individuals, and you agree to be responsible for all actions taken by anyone to whom you have provided such credentials. If you believe that your credentials have been lost or stolen or that someone may attempt to use them to access the Site or Service without your consent, you must inform us at once at the telephone number provided in Section 6 of the General Terms above. See also Section 16 of the General Terms above regarding how the timeliness of your notice impacts your liability for unauthorized transfers.

  • Collateral and Security Section 10.01.

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • Pledge and Security Agreement The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Security Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Security Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control.

  • Privacy and Security (a) Each of the Company and its Subsidiaries complies (and requires and monitors the compliance of applicable third parties) in all material respects with all applicable Laws relating to privacy or data security, and reputable industry practice, standards, self-governing rules and policies and their own published, posted and internal agreements and policies (which are in conformance with reputable industry practice) (all of the foregoing collectively, “Privacy Laws”) with respect to: (i) personally identifiable information (including name, address, telephone number, electronic mail address, social security number, bank account number or credit card number), sensitive personal information and any special categories of personal information regulated thereunder or covered thereby (“Personal Information”), whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners; and (ii) non-personally identifiable information, whether any of same is accessed or used by the Company or any of its Subsidiaries or any of their respective business partners. (b) Neither the Company nor any of its Subsidiaries uses, collects, or receives any Personal Information or sensitive non-personally identifiable information and does not become aware of the identity or location of, or identify or locate, any particular Person as a result of any receipt of such Personal Information, in a manner which would materially breach or violate any Privacy Laws and materially and adversely impact the business of the Company and its Subsidiaries, taken as a whole. (c) To the Company’s knowledge, Persons with which the Company or any of its Subsidiaries have contractual relationships have not breached any agreements or any Privacy Laws pertaining to Personal Information and to non-personally identifiable information. (d) To the Company’s knowledge, the Company and its Subsidiaries take all commercially reasonable steps to protect the operation, confidentiality, integrity and security of their respective business systems and websites and all information and transactions stored or contained therein or transmitted thereby against any unauthorized or improper use, access, transmittal, interruption, modification or corruption, and there have been no material breaches of same. Without limiting the generality of the foregoing, each of the Company and its Subsidiaries (i) uses industry standard encryption technology and (ii) has implemented a comprehensive security plan that (1) identifies internal and external risks to the security of the Company’s or its Subsidiaries’ confidential information and Personal Information and (2) implements, monitors and improves adequate and effective safeguards to control those risks.

  • Pledge and Security Interest CUC hereby pledges and lawfully grants to Telesource a security interest in and to the Escrow Account and all funds and assets at any time contained therein, whether in the form of cash, bonds, bills, notes, securities, other instruments, or other obligations, regardless of where or by which person or entity the Escrow Account or such funds or assets shall be held. For purposes of this Agreement and Telesource's continuing security interest in the Escrow Account, the Agent shall maintain at its principal office at the address stated above in ________________, ________________, the funds and other assets comprising the Escrow Account or evidence of record and/or beneficial ownership thereof in accordance with the terms of this Agreement. This Agreement and the Escrow Account shall secure, for the benefit of Telesource and its successors and assign, all current and future obligations of CUC to Telesource pursuant to the Contract and the Notes and any successor instrument thereto. Each party hereto agrees and covenants to take all such action as may be reasonably requested of it to perfect Telesource's first priority security interest in the Escrow Account; provided however, that such security interest shall not be superior to the Agent's rights to be compensated or indemnified in accordance with the terms hereof. Without the prior written consent of Telesource, CUC will not sell, assign, transfer or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber to any person other than Telesource all or part of the Escrow Account or any interest therein. If there occurs any change in the law, rules or regulation or any judicial decision or any other event or circumstance pertaining to or affecting rights of creditors in bankruptcy or insolvency proceedings the result of which would be to increase the likelihood in Telesource's view that the Escrow Account would not or may not be available to Telesource for the purposes described herein and in the Contract, CUC agrees, upon Telesource's request, (i) to negotiate in good faith with Telesource changes in this Agreement and/or the entire mechanism by which CUC's obligations under the Contract and the Notes are secured and (ii) to permit Telesource to hold the balance of the Escrow Account in an account in Telesource's name in an institution selected by Telesource, which institution shall have a combined capital and surplus of not less than $100 million. Telesource shall bear its own costs of such negotiations and associated document preparation. CUC shall not be obligated to accept any new arrangement which increases the amount of collateral that it must provide to secure its repayment and payment obligations under this Agreement. In the event that there is any change in the location of all or part of the Escrow Account, CUC agrees to take all action requested by Telesource to amend, modify or replace Telesource's filings perfecting its security interest in the Escrow Account, or to enable Telesource to effect any required new or additional filing to perfect its said security interest.

  • Borrowing and Security To borrow funds and to mortgage and pledge the assets of the Trust or any part thereof to secure obligations arising in connection with such borrowing;

  • Safety and Security Contractor is responsible for maintaining safety in the performance of this Agreement. Contractor shall be responsible to ascertain from the District the rules and regulations pertaining to safety, security, and driving on school grounds, particularly when children are present.

  • E7 Security The Authority shall be responsible for maintaining the security of the Authority premises in accordance with its standard security requirements. The Contractor shall comply with all security requirements of the Authority while on the Authority premises, and shall ensure that all Staff comply with such requirements.

  • Bid Security 2.1 Bid security, as a guarantee of good faith, in the form of a certified check, cashier's check, or bidder's bond, may be required to be submitted with this bid document, as indicated on the bid. 2.1.1 Bid security, if required, shall be in the amount specified on the bid. The bid security must be scanned and attached to the “Response Attachments” section of your response or it can be faxed to the Purchasing Office at 000-000-0000. The original bid security should then be sent or delivered to the office of the Purchasing Division, 000 X. 0xx Xx., Xxx. 000, Xxxxxxx, XX 00000 to be received within three (3) days of bid closing. 2.1.2 If bid security is not received in the Office of the Purchasing Division as stated above, the vendor may be determined to be non-responsive. 2.2 If alternates are submitted, only one bid security will be required, provided the bid security is based on the amount of the highest gross bid. 2.3 Such bid security will be returned to the unsuccessful Bidders when the award of bid is made. 2.4 Bid security will be returned to the successful Bidder(s) as follows: 2.4.1 For single order bids with specified quantities: upon the delivery of all equipment or merchandise, and upon final acceptance by the Owners. 2.4.2 For all other contracts: upon approval by the Owners of the executed contract and bonds. 2.5 Owners shall have the right to retain the bid security of Bidders to whom an award is being considered until either: 2.5.1 A contract has been executed and bonds have been furnished. 2.5.2 The specified time has elapsed so that the bids may be withdrawn. 2.5.3 All bids have been rejected. 2.6 Bid security will be forfeited to the Owners as full liquidated damages, but not as a penalty, for any of the following reasons, as pertains to this specification document: 2.6.1 If the Bidder fails or refuses to enter into a contract on forms provided by the Owners, and/or if the Bidder fails to provide sufficient bonds or insurance within the time period as established in this specification document.

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