Borrower TRS Security Agreement definition

Borrower TRS Security Agreement means that certain Security Agreement (Borrower TRS), dated as of the date hereof, executed by Borrower TRS in favor of Lender.
Sample 1Sample 2Sample 3
Borrower TRS Security Agreement means that certain Security Agreement (Borrower TRS), dated as of the Closing Date, executed by Borrower TRS in favor of Lender in respect of this Agreement.
Sample 1
Borrower TRS Security Agreement means that certain Security Agreement, dated as of the date hereof, executed by Borrower TRS in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
Sample 1

Examples of Borrower TRS Security Agreement in a sentence

  • On the Closing Date, Borrower shall cause Borrower TRS to execute and deliver to Lender, and in any event, prior to contributing any Properties or other Collateral to such Borrower TRS: (i) the Borrower TRS Guaranty, (ii) the Borrower TRS Security Agreement, and (iii) such other agreement instruments approvals, legal opinions or other documents as are reasonably requested by Lender in order to create, perfect or establish the first priority (subject to Permitted Liens) of any Lien.

  • On the Closing Date, Borrower shall cause Borrower TRS to execute and deliver to Lender, and in any event, prior to contributing any Properties or other Collateral to such Borrower TRS: (i) the Borrower TRS Guaranty, (ii) the Borrower TRS Security Agreement, and (iii) such other agreements, instruments, approvals, legal opinions or other documents as are reasonably requested by Lender in order to create, perfect or establish the first priority (subject to Permitted Liens) of any Lien.


More Definitions of Borrower TRS Security Agreement

Borrower TRS Security Agreement means that certain Security Agreement, dated as of the date hereof, executed by Borrower TRS in favor of Xxxxxx, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “BPO” means a broker price opinion obtained from an independent vendor based on an exterior review of the Property on an “as-is” basis. For the avoidance of doubt, BPOs obtained in accordance with the terms of the Agreement may be relied upon by the Lender, and neither the Lender nor the Servicer will have any liability for any errors, omissions or inaccuracies contained therein. “BPO Value” means, with respect to any Property, the “as is” value for such Property set forth in a BPO obtained from an independent vendor by Borrower at Borrower’s sole cost and expense and acceptable to Lender in its reasonable discretion with respect to a Property. Until such time as an BPO is obtained hereunder, the BPO Value shall be the BPO Value set forth on the Properties Schedule to the Loan Agreement. All BPO Values must be calculated using a BPO. “Business Day” means any day other than a Saturday, a Sunday or a legal holiday on which national banks are not open for general business in (i) the State of New York, (ii) the state where the corporate trust office of the Trustee is located, or (iii) the state where the servicing offices of the Servicer are located. “C&C Threshold Amount” means, with respect to either (i) all Casualties arising from any single Casualty event or (ii) any single Condemnation event, an amount equal to five percent (5.0%) of the Outstanding Principal Balance as of the date of such Casualty or Condemnation event. “Calculation Date” means the last day of each calendar quarter during the Term, commencing with the calendar quarter ending in June 2024. “Capital Expenditures” means, for any period, amounts expended for replacements and alterations to a Property and required to be capitalized according to GAAP. “Cash Management Account Bank” means the Eligible Institution selected by Xxxxxx to maintain the Cash Management Account. “Closing Date” means the date of the funding of the Loan. “Closing Date BPO Certificate” means a certificate from RREM in substantially the form of Exhibit G without any material exceptions. “Closing Date DSCR” means 1.29:1.00. “Closing Date HOA Opinions” means the opinions of counsels to Xxxxxxxx executed and delivered on or prior to the Closing Date.
Sample 1

Related to Borrower TRS Security Agreement

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • U.S. Security Agreement means the security and pledge agreement, dated as of the Original Closing Date (as amended, restated, supplemented or otherwise modified from time to time), executed in favor of the Administrative Agent and the other “Secured Parties” described therein by each of the Loan Parties party thereto.

  • Canadian Security Agreement means the general security agreement, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time), between the Borrower as “Debtor”, and Agent.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • 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.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Canadian Security Agreements means, collectively, those certain Amended and Restated Security Agreements, dated as of the Restatement Date, and those certain deeds of movable hypothec dated on or about the Restatement Date, made by the Canadian Credit Parties party thereto in favor of Agent, on behalf of itself and for the benefit of the Secured Parties, as amended, restated, supplemented or otherwise modified from time to time.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Trademark Security Agreement means each Trademark Security Agreement executed and delivered by Grantors, or any of them, and Agent, in substantially the form of Exhibit D.

  • 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.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Borrower Agreement shall have the meaning provided such term in Section 3(a) hereof.

  • 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;

  • Foreign Security Documents means any agreement or instrument entered into by any Foreign Subsidiary Borrower that is reasonably requested by the Collateral Agent providing for a Lien over the assets (including shares of other Subsidiaries) of such Foreign Subsidiary Borrower.

  • Subsidiary Security Agreement means the Subsidiary Security Agreement executed and delivered by existing Subsidiary Guarantors and Administrative Agent on the Closing Date and to be executed and delivered by any additional Subsidiary Guarantors from time to time thereafter in accordance with subsection 6.8, substantially in the form of Exhibit XVII annexed hereto, as such Subsidiary Security Agreement may be amended, supplemented or otherwise modified from time to time.

  • General Security Agreement means the general security agreement dated on or about the date hereof given by Borrower in favour of Lender in respect of the Obligations.

  • Trademark Security Agreements means the Trademark Security Agreements made in favor of Agent, on behalf of itself and Lenders, by each applicable Credit Party.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.