Repayment of Secured Amount. The secured amount under this Mortgage shall be reduced only by the last and final sums that the Mortgagor repays with respect to the Obligations and shall not be reduced by any intervening repayments of the Obligations by the Mortgagor. So long as the balance of the Obligations exceeds the secured amount under this Mortgage, any payments and repayments of the Obligations by the Mortgagor shall not be deemed to be applied against, or to reduce, the portion of the Obligations secured by this Mortgage.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (CBRE Acquisition Holdings, Inc.), Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)
