Authority Deed of Trust definition

Authority Deed of Trust means the leasehold deed of trust for Phase I, substantially in the form attached hereto as Attachment No. 9. The Authority Deed of Trust shall be executed by Developer in favor of Authority and recorded against the Site at the Closing, and shall secure repayment of the Authority Subordinate Loan.
Authority Deed of Trust and “Authority Deeds of Trust” shall mean, individually and collectively, the leasehold deed of trust for each of the Manchester Project and the Orangewood Project, as applicable, in a form which is reasonably acceptable to Authority Executive Director, in her reasonable discretion. The Authority Deeds of Trust shall be executed by Developer in favor of Authority and recorded against the Manchester Site and Orangewood Site at the Closing, and shall secure repayment of the Authority Subordinate Loans for the Manchester Project and the Orangewood Project, as applicable.

Examples of Authority Deed of Trust in a sentence

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  • The Authority Deed of Trust, Regulatory Agreement, Memorandum of Ground Lease, Memorandum of Agreement, Notice of Affordability Restrictions, Request for Notice, and City Covenants, shall be ready to record in the Official Records at Closing.

  • Each Authority Deed of Trust securing each Authority Promissory Note for each Authority Subordinate Loan shall be junior and subordinate to the Primary Loans, which are to be considered for approval by the Authority pursuant to Section 310 hereto in accordance with the standards set forth therein.

  • The Authority shall receive the Authority Deed of Trust as collateral security for the Authority Loan.

  • Mortgage loans or equity lines of credit junior in lien priority to this Agreement and the Authority Deed of Trust are not permitted, except as when expressly approved by the Authority in writing.

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  • Developer shall have duly executed the Grant Deed, the Authority Note (Plans), the Authority Note (Property and Construction), the Authority Deed of Trust (Plans), the Authority Deed of Trust (Property and Construction), Authority Regulatory Agreement, and Notice of Affordability, with signatures acknowledged (as applicable) and deposited them into Escrow.

  • The Authority Deed of Trust shall be senior and non-subordinate to all other financing, encumbrances, and liens, except the approved Primary Loan, AHP Loan, if any, and such other loan(s) as may be approved by the Authority pursuant to Section 310 hereof.

  • The Authority Deed of Trust securing the Authority Promissory Note for Phase I shall be junior and subordinate to the Primary Loan and the deed of trust securing the Primary Loan.

  • The Authority shall permit and approve a prepayment and refinance of the existing first mortgage loan and shall provide for the subordination of this Agreement and the Authority Deed of Trust to the refinanced first mortgage loan only if such refinance does not cause the total debt secured by the Premises, including junior mortgage loans and equity lines of credit, to exceed the Permitted Encumbrance Amount.


More Definitions of Authority Deed of Trust

Authority Deed of Trust means the Deed of Trust, Fixture Filing and Assignment of Rents in
Authority Deed of Trust means the deed of trust, assignment of leases and security agreement to be granted by the Redeveloper for the benefit of the Authority and securing the Series A Loan and the Series B Loan.

Related to Authority Deed of Trust

  • Deed of Trust means each deed of trust, deed to secure debt or mortgage (fee), security agreement, assignment of leases and rents (if required by applicable law) and financing statement executed and delivered pursuant to Section 7.13, as the same shall be amended, supplemented, restated or otherwise modified from time to time.

  • Security Deed means the security deed dated on or about the Series Issue Date of the ETC Securities entered into as a deed by the Issuer, the Trustee and any other parties thereto by the execution of the Issue Deed and in the form of the Master Security Terms (as amended and/or supplemented by the Issue Deed) and as such Security Deed is amended, supplemented, novated or replaced from time to time.

  • Declaration of Trust means this Agreement and Declaration of Trust, as amended or restated from time to time;

  • Security Instrument A written instrument creating a valid first lien on a Mortgaged Property securing a Mortgage Note, which may be any applicable form of mortgage, deed of trust, deed to secure debt or security deed, including any riders or addenda thereto.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.

  • Deed of Covenant means, in relation to a Ship, if required by the laws of the Approved Flag of that Ship, a deed of covenant collateral to the Mortgage over that Ship and creating Security over that Ship in agreed form.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Conservation easement means a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations the purposes of which include retaining or protecting natural, scenic, or open-space values of real property, assuring its availability for agricultural, forest, recreational, or open-space use, protecting natural resources, maintaining or enhancing air or water quality, or preserving the historical, architectural, archaeological, or cultural aspects of real property.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;