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Security property Sample Clauses

Security propertyThe term ‘‘security property’’ means the property (real, personal or mixed) or an inter- est in property (including leaseholds, life es- tates, reversionary interests, and any other es- tates under applicable State law), together with fixtures and other interests subject to the lien of the mortgage under applicable State law.
Security propertyThe Borrower and each Guarantor will maintain and protect all of its Security Property and will not take any action that is reasonably likely to result in the business of the Group not remaining capable of operating in a manner that will enable the Borrower to meet its obligations.
Security propertyTo the extent any of the property encumbered by ----------------- this Mortgage from time to time constitutes personal property subject to the provision of the Uniform Com mercial Code, this Mortgage constitutes a "Security Agreement" for all purposes under the Code; and the recording or filing of this Mortgage with any public officer or agency will have the same effect as recording or filing a "Financing Statement" under the Code. Without limitation, Mortgagee, at its election upon any default under this Mortgage, will have all rights and remedies from time to time available to a secured party under the Code with respect to such property. Notwithstanding the foregoing, Mortgagor and Mortgagee intend and agree that, unless and until Mortgagee elects otherwise, all right, title, and interest of Mortgagor in and to the Mortgaged Property and rents constitutes an interest in real property. Without limitation, the parties intend and agree that the inclusion of the Mortgaged --------- Property, rents, or any rights therein or proceeds thereof, in any such financing statement will not operate to alter Mortgagee's rights under this Mortgage, or otherwise available at law or in equity, or to impair the priority of the lien or security interest granted by this Mortgage.
Security property. (a) (Good repair): Each Obligor will maintain and protect the Security Property and keep the same in a good and tenantable state of repair and in good working order and condition, and will on being required so to do by the Facility Agent promptly rectify every material defect in the repair and condition thereof.
Security propertyThe Loan will be secured by, among other things, the Security Instrument (as defined below) (a) creating a first lien on the Property, all buildings and other improvements now or hereafter located on the Property, (the "Improvements"), and all fixtures, equipment, furnishings, inventory, machinery and other articles of personal property now or hereafter owned by the Borrower and attached to or contained in and/or used in connection with the Property and the Improvements (the "Tangible Personalty") (the Property, the Improvements and the Tangible Personalty being referred to herein collectively as the "Premises") and (b) an assignment of and security interest in all present and future accounts, general intangibles, instruments, documents and chattel paper now or hereafter affecting or relating to the Premises (the "Intangible Personalty") and all leases and other occupancy or use agreements now or hereafter made or affecting the Premises and all security deposits, rents, issues, profits, revenues and other income of the Premises from time to time accruing therefrom (the "Rents and Profits"), all as more particularly described in the Security Instrument.
Security propertyThe Borrower hereby grants, mortgages, conveys, assigns, pledges, transfers, and sets over to the Trustees, with special warranty of title, and grants to the Trustees and the Beneficiary a security interest in all of the Borrower’s right, title, and interest in and to the following property (collectively, the “Security Property”), in trust, to secure the Secured Indebtedness: (a) The real property located at the southwest corner of Manassas Drive and West Carondelet Drive in the City of Manassas Park, Virginia, with tax map number 36-3-1B, as more particularly described in Exhibit A attached hereto and incorporated herein by reference, and all rights, appurtenances, easements, privileges, remainders, and reversions now or hereafter appertaining thereto (the “Property”); and (b) All buildings, structures and other improvements now or hereafter erected on the Property (the “Improvements”); (c) All fixtures, equipment, machinery and articles of personal property now or hereafter owned by the Borrower and at any time affixed to, attached to, placed upon, or used in any way in connection with the use, enjoyment, occupancy or operation of the Improvements or the Property, including, but not limited to, all plumbing and electric apparatus and equipment, cleaning and maintenance equipment, all boilers, tanks, engines, motors, power equipment, piping and plumbing fixtures, pumps, heating and air conditioning equipment, and systems and lighting equipment and systems and replacements of all the foregoing (excluding, however, any of the foregoing items owned by lessees, except to the extent of the Borrower’s interest therein), all building materials and equipment now or hereafter delivered to the Property and stored thereon, and all interests of the Borrower in any of the foregoing items at any time acquired under conditional sales contracts or installment sales contracts (all of the foregoing property described in this subsection being hereinafter referred to as the “Equipment”); (d) All leases or sales contracts, written or oral, whether now existing or hereafter arising, of or relating to the Property, the Improvements or the Equipment (together, the “Premises”), including, without limitation, all leases, contracts, and agreements for the use and occupancy of all or any part of the Premises (together, the “Leases”), and all rents, income, receipts, royalties, room sales, benefits, revenue, issues, and profits (the “Rents and Profits”) now or hereafter due or to whi...
Security property. LLC shall grant to Bank a perfected first lien on the following: (i) “Town Center Fees and Charges” (as that term is defined in the Town Center Declaration for Sun City Center Ft. Xxxxx recorded in Official Records Book 3535, Page 4496 of the Public Records of Xxx County, Florida, as amended; (ii) the real property and improvements on the Pelican Preserve Town Center including +/- 70,000 square foot improvements on +/- 23.98 acres (“Project”) pursuant to a Mortgage and Security Agreement; (iii) all personal property owned by Borrower at the Project; (iv) all leases, rents, profits, permits and other appurtenances applicable to the Project; (v) pledge of an account to be established and maintained at Bank in the initial amount of $800,000.00 (which amount shall be adjusted annually by Borrower’s determination of Borrower’s projected share of operating deficits for the Project, which shall be subject to Bank’s reasonable consent (the “Deficit Account”); and (vi) all rights of the “Declarant” and “Town Center Owner” under the Declaration (the assignment contemplated by this subparagraph [iv] is a collateral assignment).
Security property. Each Security Provider will: (a) (Good repair) maintain the Security Property in good repair and condition and in good working order; (b) (Operation) diligently operate its assets in accordance with Good Industry Practice; (c) (Not to prejudice) not do, fail to do or consent to any act, omission or thing as a result of which any part of the Security Property becomes or could become liable to surrender, forfeiture or cancellation or becomes or could become prejudiced in any manner or the value of any Security as a security to the Lender becomes or could become materially lessened;
Security property. All Security Property, together with any other security that may be pledged or otherwise granted to Lender under the Loan Documents may be referred to as the "
Security property