Present and Future Advances. Obligor," as used in this Mortgage, includes, without limitation, Borrower Mortgagor and all makers, co-makers, endorsers and guarantors of any of the Obligations. “Obligations,” as used in this Mortgage, includes, without limitation, all of the debt, obligations and liabilities of whatever nature or amount, as extended, renewed, modified or amended from time to time, arising out of credit or other financial accommodations previously granted, contemporaneously granted or granted in the future by Xxxxxx to or at the request of any Obligor, and all covenants, conditions and agreements contained in the Loan Documents and in all other documents which provide evidence for, secure or relate to any of the foregoing and, to the extent not prohibited by law, costs and expenses to collect and enforce the Obligations, including reasonable attorneys' fees and costs. This Mortgage shall continue to be a lien on the Property, as defined below, while any Obligation remains unpaid, regardless of when any Obligation arises, until such time as this Mortgage is released or satisfied of record. Because this Mortgage secures all Obligations of all Obligors to Lender, this Mortgage may secure Obligations in a greater dollar amount than the amount set forth above. The amount set forth above is not necessarily, at any time, the actual amount of the Obligations due to Lender and secured by this Mortgage.
Present and Future Advances. This Deed of Trust is executed to secure all the Town’s present and future obligations to the Corporation related to the Mortgaged Property. The making of future advances is subject to the terms and conditions of the Financing Contract, the Trust Agreement and this Deed of Trust. The amount of the present obligations secured by this Agreement is Twenty-Five Million Dollars ($25,000,000) and the total amount, including present and future obligations, that may be secured by this Agreement at any one time is One Hundred Million Dollars ($100,000,000). The period within which future obligations may be incurred is 15 years from May 1, 2005.
Present and Future Advances. This Deed of Trust is also given wholly or partly to secure future advances and/or future obligations that may from time to time be made or incurred under this Deed of Trust, future Notes issued under the Indenture, and all other sums from time to time owing to the Noteholder Secured Parties under the Indenture Documents and the Security Documents. The maximum principal amount that may be secured hereby at any one time is One Billion Dollars ($1,000,000,000). The time period within which future advances may be made and future obligations may be incurred is the period between the date hereof and the date thirty (30) years from the date hereof.
Present and Future Advances. Obligations," as used in this Mortgage, includes, without limitation, all of the debts, obligations and liabilities of whatever nature or amount, as extended, renewed or modified, arising out of credit or other financial accommodations previously granted, contemporaneously granted or granted in the future by Lender in connection with the Note to or at the request of Borrower, and all covenants, conditions and agreements contained in the Loan Documents and in all other documents which provide evidence for, secure or relate to any of the foregoing and, to the extent not prohibited by law, costs, and expenses to collect and enforce the Obligations, including actual attorneys' fees and costs. This Mortgage will continue to be a lien on the Property, as defined below, while any Obligation remains unpaid, regardless of when any Obligation arises, until such time as this Mortgage is released or satisfied of record. Because this mortgage secures all Obligations of Borrower to Lender, this Mortgage may secure Obligations in a greater dollar amount than the amount set forth above. The amount set forth above is not necessarily, at any time, the actual amount of the Obligations due to Lender and secured by this Mortgage.
Present and Future Advances. Advances made pursuant to the Note secured hereby are to be disbursed in accordance with the Loan Agreement. This Deed of Trust is given wholly or in part to secure present obligations and future advances which may, from time to time, be incurred hereunder. The amount of present obligations secured hereby in which Borrower is indebted to Lender is the principal sum of Fifteen Million and No/100 Dollars ($15,000,000.00). The maximum principal amount, including present and future obligations, which may be secured by this Deed of Trust at any one time is Fifteen Million and No/100 Dollars ($15,000,000.00). The period within which future advances and future obligations secured by this Deed of Trust may be incurred shall be the period commencing on the date of this Deed of Trust
Present and Future Advances. This Deed of Trust secures all present and future loan disbursements or advances made by the Lenders under the Loan Documents, and all other sums from time to time owing to the Lenders by the Borrower under the Loan Documents and under the secured indebtedness. The amount of the present disbursement or advance secured hereby is Eight Hundred and Forty Million Dollars ($840,000,000.00), and the maximum principal amount which may be secured hereby at any one time is Nine Hundred and Sixty Million Dollars ($960,000,000.00). The time period within which such future disbursements or advances are to be made is the period between the date hereof and the date fifteen (15) years from the date hereof. Disbursements or advances secured hereby shall not be required to be evidenced by a “written instrument or notation” as described in Section 45-68(2) of the North Carolina General Statutes, it being the intent of the parties that the requirements of Section 45-68(2) for a “written instrument or notation” for each advance or disbursement shall not be applicable to disbursements or advances made under the Loan Documents and under the secured indebtedness.
Present and Future Advances. This Deed of Trust is given wholly or in part to secure the Loan, the Debt and present obligations and future advances, which may, from time to time, be incurred hereunder. The amount of present obligations secured hereby in which Borrower is indebted to Lender is the principal sum of Twenty One Million One Hundred Fifty Thousand and 00/100 Dollars ($21,150,000.00) and the maximum principal obligations that may be secured by this Deed of Trust at any one time is Twenty Three Million and 00/100 Dollars ($23,000,000.00). The period within which future advances and future obligations secured by this Deed of Trust may be incurred shall be the period commencing on the date of this Deed of Trust and ending fifteen (15) years from the date of this Deed of Trust. Lender may, at its option, determine and declare any or all present and future obligations secured by this Deed of Trust to be in default and immediately due and payable upon the default in payment of one or more of the obligations secured hereby, or the default of any other term or condition of this Deed of Trust. The total indebtedness secured by this Deed of Trust may be evidenced by various notes or other written instruments and evidences of indebtedness; and one or more of all such notes or the written instruments and evidences of indebtedness may, from time to time, be combined and merged into a single note or evidence of indebtedness. Such combination or merger shall not constitute nor be construed as a payment, satisfaction or discharge of any prior advance made or prior obligation incurred. No future advance secured by this Deed of Trust need be evidenced by a written instrument or notation. All future advances made pursuant to this Deed of Trust shall be considered to be made pursuant to the requirements of N.C.G.S. §45-67, et. seq., or any amendments thereto.
