Security Financing and Rights of Holders Sample Clauses

Security Financing and Rights of Holders. 31 Section 9.1 No Encumbrances Except for Development Purposes. 31 Section 9.2 Holder Not Obligated to Construct. 32 Section 9.3 Notice of Default and Right to Cure. 32 Section 9.4 Failure of Holder to Complete Development. 32
Sample 1
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Security Financing and Rights of Holders. 36 Encumbrances 36 Holder Not Obligated to Construct 37 Notice of Default and Right to Cure. 37 Cure of Developer Defaults 38 Failure of Holder to Complete Improvements or Public Improvements 39 Right of City to Cure 39 Right of City to Satisfy Other Liens 39 Holder to be Notified 39 Modifications 40 Estoppel Certificates 40 Participation in Insurance and Condemnation Proceedings 40 Multiple Encumbrance Holders 40 ARTICLE 10. DEFAULT AND REMEDIES. 41 Application of Remedies 41 Fault of City. 41 Fault of Developer. 41 Right of Reverter. 42 Rights and Remedies Cumulative 44 Survival 44 ARTICLE 11. GENERAL PROVISIONS. 44 Identity of Developer 44 Notices, Demands and Communications 45 Non-Liability of Officials, Employees and Agents 45 Enforced Delay. 46 Delegation of Authority 46 Submittals and Approvals 46 Inspection of Books and Records 46 Title of Parts and Sections 47 Applicable Law 47 Severability. 47 Legal Actions. 47 Binding Upon Successors; Covenants to Run with Land 47 Parties Not Co-Venturers 47 Entire Understanding of the Parties 48 Counterparts 48 Amendments 48 Recordation of Memorandum of XXXX 00 Xxxxxxxx xx Xxxxxxxx 00 Effectiveness of Agreement 48 Interpretation. 48 No Gift or Dedication 48 ARTICLE 12. SITE ACQUISITION LOAN. 48 Loan amount 48 Use of Loan Funds 48 Loan term. 49 Interest 49 Default Interest Rate 49 Loan conditions to Disbursement 49 Security 49 Use of the Parking Parcel 49 Requirements 49 Disbursement 50 Loan repayment 50 Maintenance and Damage; Hazardous Materials 50 Event of Default – Site Acquisition Loan 51 Notice and Cure Procedure 52 Specific Remedies for Site Acquisition Loan Event of Default 53 City Right’s Upon Default 53 Non-Recourse 54 Affiliate Assignment and Assumption 54 Survival 55 AMENDED AND RESTATED DISPOSITION, DEVELOPMENT AND LOAN AGREEMENT THIS AMENDED AND RESTATED DISPOSITION, DEVELOPMENT AND LOAN AGREEMENT (this "Agreement") is made as of , 2022, by and between the City of Livermore, a municipal corporation (the "City"), and 0000 Xxxxxxxx Xxxxxx LLC, a Delaware limited liability company (the "Developer"), with reference to the following facts, purposes, and understandings.
Sample 1
Security Financing and Rights of Holders. Encumbrances. Mortgages, deeds of trust, assignment of rents and security agreements, and other real and personal property security instruments to secure the funds necessary for acquisition of the Property, the construction and permanent financing of the Property, Improvements, and Public Improvements, and any other expenditures incurred in connection with the design, construction and operation of the Property, Improvements, and Public Improvements are permitted to be placed upon the Property or any personal property thereon or therein or the limited liability company interests in Developer. Such permitted security instruments and related interests shall be referred to as "Security Financing Interests". The Developer shall promptly notify the City of any Security Financing Interest that has been or will be created or attached to Developer's fee simple interest in the Property or the limited liability company interests in Developer. The foregoing notwithstanding, until the Developer is entitled to issuance of a Certificate of Occupancy, the Developer may place Security Financing
Sample 1
Security Financing and Rights of Holders 
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Related to Security Financing and Rights of Holders

  • Rights of Holders (a) The Holders of a Majority in liquidation amount of the Preferred Securities have the right to direct the time, method and place of conducting of any proceeding for any remedy available to the Preferred Guarantee Trustee in respect of this Preferred Securities Guarantee or exercising any trust or power conferred upon the Preferred Guarantee Trustee under this Preferred Securities Guarantee.

  • Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness that may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

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