Real Property Security. As security for the Lessee Obligations under Facility 1, Lessee hereby irrevocably and unconditionally grants, conveys, transfers and assigns to Lessor, as trustee under this deed of trust, for the benefit of Lessor, as beneficiary (in trust for the benefit of the Lessor Parties), with power of sale and right of entry and possession, all estate, right, title and interest of Lessee in the following property, whether now owned or hereafter acquired, (collectively, the "Real Property Collateral"):
Real Property Security. Subsidiary Guarantors agree that, if all or a portion of the Guarantied Obligations are at any time secured by a deed of trust or mortgage covering interests in real property, Administrative Agent or its designee, in its sole discretion, without notice or demand and without affecting the liability of the Subsidiary Guarantors under this Subsidiary Guaranty, may foreclose, pursuant to the terms of the Loan Documents or otherwise, on such deed of trust or mortgage and the interests in real property secured thereby by nonjudicial or other sale. The Subsidiary Guarantors understand that the exercise by Banks or Administrative Agent, or any of them, of certain rights and remedies contained in the Credit Agreement and such deed of trust or mortgage may affect or eliminate Subsidiary Guarantors' right of subrogation against Borrower and that the Subsidiary Guarantors may therefore incur a partially or totally nonreimbursable liability hereunder. Nevertheless, the Subsidiary Guarantors hereby authorize and empower Administrative Agent and any Bank to exercise, in its sole discretion, any rights and remedies, or any combination thereof, which may then be available, since it is the intent and purpose of the Subsidiary Guarantors that the obligations hereunder shall be absolute, independent and unconditional under any and all circumstances. Notwithstanding any foreclosure of the lien of such deed of trust or mortgage with respect to any or all real or personal property secured thereby, whether by the exercise of the power of sale contained therein, by an action for judicial foreclosure or by an acceptance of a deed in lieu of foreclosure, the Subsidiary Guarantors shall remain bound under this Subsidiary Guaranty, including its obligation to pay any deficiency after a nonjudicial foreclosure.
Real Property Security. 18.1 As security for Your obligations and liabilities under this Hire Agreement, You hereby charge for the due and punctual payment and performance of those obligations and liabilities, all of Your legal and equitable interest (both present and future) of whatsoever nature held in any and all real property.
Real Property Security. (a) The Administrative Agent shall not enter into any Security Document in respect of any real property located in the United States (and which are subject to Flood Insurance Laws) acquired by the Borrower or any other Obligor after the date of the Credit Agreement until (1) the date that occurs 45 days after the Administrative Agent has delivered to the Lenders (which may be delivered electronically) the following documents in respect of such real property: (i) a completed flood hazard determination from a third party vendor; (ii) if such real property is located in a “special flood hazard area” as identified by the Federal Emergency Management Agency (or any successor agency), (A) a notification to the Borrower (or applicable Obligor) of that fact and (if applicable) notification to the Borrower (or applicable Obligor) that flood insurance coverage is not available and (B) evidence of the receipt by the Borrower (or applicable Obligor) of such notice; and (iii) if such notice is required to be provided to the Borrower (or applicable Obligor) and flood insurance is available in the community in which such real property is located, evidence of required flood insurance and (2) the Administrative Agent shall have received written confirmation from the Lenders that flood insurance due diligence and flood insurance compliance have been completed by the Lenders (such written confirmation not to be unreasonably conditioned, withheld or delayed).
Real Property Security. The Company agrees that, if all or a portion of the Guarantied Obligations or any other guaranty of all or a portion of the Guarantied Obligations are at any time secured by a deed of trust or mortgage covering interests in real property, the Administrative Agent or its designee, in its sole discretion, without notice or demand and without affecting the liability of the Company, may foreclose, pursuant to the terms of the Loan Documents or otherwise, on any such deed of trust or mortgage and the property described therein by nonjudicial or other sale. Without limiting any of the waivers contained elsewhere herein, the Company hereby waives any defense to liability arising by reason of the exercise by the Lenders or the Administrative Agent, or any of them, of any right or remedy contained in any such deed of trust or mortgage or any of the other Loan Documents. The Company waives all rights and defenses arising out of an election of remedies by the Lenders or the Administrative Agent, even though the election of remedies, such as a nonjudicial foreclosure with respect to security for a Guarantied Obligation, has destroyed the Company’s rights of subrogation and reimbursement against McKesson Canada by the operation of Section 580d of the California Code of Civil Procedure or otherwise.
Real Property Security. Borrower agrees to execute and deliver to Lender a deed of trust dated concurrently with this Loan Agreement (the "DEED OF TRUST") granting to Lender a first lien security interest on Real Property (the "COLLATERAL"), to secure the payment and performance of the obligations hereunder.
Real Property Security. Guarantor agrees that the Secured Parties, in their sole discretion, without notice or demand and without affecting the liability of Guarantor under this Guaranty, may foreclose pursuant to the terms of the Intercreditor Agreement or otherwise on the deeds of trust and mortgages securing the Indebtedness and the interests in real property secured thereby by nonjudicial sale. Guarantor understands that the exercise by the Secured Parties of certain rights and remedies contained in the Intercreditor Agreement and any such deed of trust or mortgage may affect or eliminate Guarantor's right of subrogation against Sunbelt
Real Property Security. To the extent permitted by law, Guarantor waives all rights and defenses that Guarantor may have because the debtor's debt is secured by real property. This means, among other things: (i) The creditor may collect from the guarantor without first foreclosing on any real or personal property collateral pledged by the debtor; (ii) if the creditor forecloses on any real property collateral pledged by the debtor, (x) the amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price; and (y) the creditor may collect from the guarantor even if the creditor, by foreclosing on the real property collateral, has destroyed any right the guarantor may have to collect from the debtor; this is an unconditional and irrevocable waiver of any rights and defenses the guarantor may have because the debtor's debt is secured by real property; these rights and defenses include, without limitation, any rights or defenses based upon Section 580a, 580b, 580d, or 726 of the California Code of Civil Procedure; and (iii) the guarantor waives all rights and defenses arising out of an election of remedies by the creditor, even though that election of remedies, such as a non-judicial foreclosure with respect to security for a guaranteed obligation, has destroyed or may destroy the guarantor's rights of subrogation and reimbursement against the principal by the operation of Section 580d of the Code of Civil Procedure or otherwise.
Real Property Security. If you grant a mortgage over real property that is your principal place of residence or is a residential investment property, we will remind you of your obligations to keep the Property insured at least once a year. Our reminder will include:
Real Property Security. Borrower agrees to execute and deliver to Lender a deed of trust dated concurrently with this Agreement (the "Deed of Trust") granting to Lender a security interest in the Real Property (the "Collateral"), to secure the payment and performance of the obligations 3 <PAGE> hereunder. Notwithstanding any provision to the contrary herein, Lender acknowledges and agrees that the lien created by the Deed of Trust is subject and subordinate to the lien created by that certain Deed of Trust, Assignment of Lease and Rents and Security Agreement of even date herewith, made by Borrower to Chicago Title Company, as trustee, for the benefit of the Administrative Agent, as beneficiary. 2.2
