Security for the Loan. The Notes and each Borrower’s obligations hereunder and under the other Loan Documents shall be secured by all Mortgages, the Assignments of Leases, the Assignments of Agreements, the Manager’s Subordinations, and the security interests and Liens granted in this Agreement and in the other Loan Documents.
Security for the Loan. The Loan will be evidenced, secured and guaranteed by the Loan Documents.
Security for the Loan. The Note and Borrower’s obligations hereunder and under all other Loan Documents shall, together with the Crossed Indebtedness, be secured by (a) Liens upon the Mortgaged Property pursuant to the Mortgages, (b) the Contract Assignment, (c) the Manager’s Subordination, (d) the Assignment of Rents and Leases, and all other security interests and Liens granted in this Agreement and in the other Loan Documents and under the Crossed Loan Documents.
Security for the Loan. Security of the loan would be the first equitable/ registered mortgage of the Property that is being financed (the details whereof are set out in the Loan Documents) and/ or any other collateral security, unless otherwise specially approved by the Company. Collateral or interim security could be Fixed Deposits and/ or Life Insurance policies and/ or Guarantee from sound & solvent individuals and/ or pledge of shares and/ or any other such investment that may be acceptable to the Company. The Borrower shall produce such original/copy of title deeds, documents, reports as may be required by Company. The Borrower shall bear all the charges payable for the creation of said security and shall take all the steps required for the perfection thereof. The plan for the construction of the Property offered as Security shall be approved by the competent authority and the same shall not be violated by the Borrower or any other person at any point of time during the currency of the Loan.
Security for the Loan i. Mortgage of Prime security (Full description & Address of property)
ii. Guarantee (Name of the guarantors with parentage)
iii. Other security (Full description & Address of property of other collateral securities, if any)
Security for the Loan. 6.1 The security(ies) for this Contract shall be Item [2] as below.
(1) Guarantee
(2) Mortgage
(3) Pledge
(4) Standby Letter of Credit
(5) Credit Insurance
Security for the Loan. Any and all property which may hereafter be delivered to secure the Obligations shall be referred to herein as “Collateral”. As of the Closing Date the Loan is unsecured and there is no Collateral.
Security for the Loan. (a) This Note is secured by: (i) that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of the date hereof from Maker to Payee (the "Deed of Trust") affecting the real property and improvements identified therein (the "Property"); (ii) that certain Assignment of Assignment of Leases, Rents and Profits, affecting the Property and dated as of the date hereof from Maker to Payee (the "Assignment of Assignment"); (iii) that certain Assignment of Leases, Rents and Profits from ENN College Station, L.L.C., a Delaware limited liability company ("ENN") to Maker (the "Assignment"); (iv) an Environmental Indemnity Agreement dated as of the date hereof among Payee, Maker, Equity Inns, Inc., a Tennessee corporation (“Guarantor”) (the "Environmental Agreement"); (v) a Guaranty of Recourse Obligations dated as of the date hereof from Guarantor for the benefit of Payee (the "Guaranty"); (vi) that certain Assignment of Assignment of Contracts, Licenses, Permits, Agreements, Warranties and Approvals dated as of the date hereof from Maker to Payee (the "Assignment of Contract Assignment"); (vii) that certain Assignment of Contracts, Licenses, Permits, Agreements, Warranties and Approvals dated as of the date hereof from ENN to Maker (the "Contract Assignment"); (viii) a Replacement Reserve Agreement dated as of the date hereof from Maker for the benefit of Payee (the "Replacement Reserve"); (ix) a Consent and Subordination Agreement dated as of the date hereof by and between Maker, Payee and Crossroads Hospitality Company, L.L.C., a Delaware limited liability company (the "Consent Subordination Agreement"); (x) a Subordination Agreement dated as of the date hereof by and between Maker, Payee and ENN (the "Subordination Agreement"); (xi) a Completion Guaranty dated as of the date hereof from Guarantor for the benefit of Payee (the “Completion Guaranty”); (xii) and such other documents now or hereafter executed by Maker and/or others and by or in favor of Payee, which wholly or partially secure or guarantee payment of this Note including, without limitation, any collateral assignments, reserve and/or escrow accounts and Uniform Commercial Code Financing Statements (such other documents, collectively, the "Other Security Documents").
(b) As used herein, the term "Loan Documents" means, collectively, this Note, the Deed of Trust, the Assignment, the Assignment of Assignment, the Environmental Agreement, the Guaranty, the Conse...
Security for the Loan. 3.1 The loan shall be unsecured.
Security for the Loan. The Note and Borrower's obligations hereunder and under the other Loan Documents shall be secured by the Loan Documents.
