Borrower Security Instrument definition

Borrower Security Instrument means that certain Healthcare [Mortgage, Deed of Trust, Deed to Secure Debt, or other designation], Assignment of Leases, Rents and Revenue, and Security Agreement, made by Borrower, relating to the Project.
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Borrower Security Instrument means that certain Supplemental Healthcare [Mortgage, Deed of Trust, Deed to Secure Debt, or other designation], Assignment of Leases, Rents and Revenue, and Security Agreement, made by the Borrower, relating to the Project.
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Borrower Security Instrument means that certain first priority Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of the date hereof, executed and delivered by Borrower in favor of Lender as security for the payment of the Debt and the performance of the Other Obligations and encumbering the Property described therein, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Sample 1

Examples of Borrower Security Instrument in a sentence

  • Any capitalized term or word used herein but not defined shall 65 have the meaning given to such term in the Borrower Security Instrument.

  • Borrower certifies that upon final endorsement of 217 the Note by HUD, Borrower shall have no unpaid obligations in connection with the purchase of 218 the Mortgaged Property, the construction of the Mortgaged Property, or with respect to the 219 Borrower Security Instrument except such unpaid obligations as have the written approval of 220 HUD as to terms, form and amount, including those obligations existing pursuant to the First 221 Mortgage Documents.

  • Except as otherwise approved 771 in writing by HUD, Borrower shall grant to Lender and HUD a second lien security interest in all 772 personal property of Borrower related to the Project as additional security for the obligations of 773 Borrower under the Note, the Borrower Security Instrument and this Agreement, subject only to 774 the rights of the First Lender under the First Mortgage Documents.

  • Upon satisfaction of the Note, as 57 evidenced by the discharge or release of the Borrower Security Instrument, this Agreement shall 58 automatically terminate.

  • In the event of a 364 notification of default under the terms of the Borrower Security Instrument pursuant to which the 365 Indebtedness has been accelerated, a written notification by HUD to Borrower of a violation of 366 this Agreement, or at such other times as determined solely by HUD, HUD may direct the 367 application of the balance in such account to the amount due on the Indebtedness as accelerated 368 or for such other purposes as may be determined solely by HUD.

  • Until a 1097 default is declared under this Agreement, a revocable license is granted to Borrower to collect 1098 and retain such Rents, charges, fees, carrying charges, Project accounts, security deposits, and 1099 other revenues and receipts, but upon an Event of Default under this Agreement or under the 1100 Borrower Security Instrument, such revocable license is automatically terminated.

  • However, in the event of either a monetary or other default under this 673 Agreement, the Note, the Borrower Security Instrument, or any of the other Loan Documents, 674 the Borrower shall cooperate in any legal and lawful manner necessary or required to permit the 675 continued operation of the Healthcare Facility for the Approved Use.

  • In the event of a notification of default under the terms of the 508 Borrower Security Instrument, pursuant to which the Indebtedness has been accelerated, a 509 written notification by HUD to Borrower of a violation of this Agreement or at such other times 510 as determined solely by HUD, HUD may direct the application of the balance in such account to 511 the amount due on the Indebtedness as accelerated or for such other purposes as may be 512 determined solely by HUD.

  • No portion of the 836 Project shall be leased for any commercial purpose or use without receiving HUD’s prior written 837 approval as to terms, form and amount, except for commercial leases for support or ancillary 838 services which are subordinate to the Borrower Security Instrument, have terms of not more than 839 five (5) years and otherwise comply with Program Obligations.

  • At the request of HUD, Borrower shall 655 promptly furnish or cause to be furnished operating budgets and occupancy, accounting and 656 other reports (including credit reports) and give or cause to be given specific answers to 657 questions relative to income, assets, liabilities, contracts, operation, and conditions of the Project 658 and the status of the Borrower Security Instrument.

Related to Borrower Security Instrument

  • Security Instrument means the multifamily mortgage, deed to secure debt or deed of trust effective as of the effective date of this Note, from Borrower to or for the benefit of Lender and securing this Note.

  • 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.

  • Collateral has the meaning set forth in Section 2.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Real Property Security Documents means with respect to the fee interest of any Loan Party in any real property: