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.
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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.
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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

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 Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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.

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

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • U.S. Security Agreement means that certain Security Agreement, dated as of the Original Effective Date (as amended, amended and restated, supplemented or otherwise modified from time to time), between the U.S. Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent, and the other Lender Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other U.S. Loan Party (as required by this Agreement or any other Loan Document).

  • Canadian Security Agreement means that certain Security Agreement, dated as of the Original Effective Date (as amended, amended and restated, supplemented or otherwise modified from time to time), between the Canadian Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent, and the other Lender Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other Canadian Loan Party (as required by this Agreement or any other Loan Document).

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

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

  • Guarantor Security Agreement means any Security Agreement executed by any Guarantor in favor of Agent securing the Guaranty of such Guarantor.

  • 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 those certain general security agreements and deeds of hypothec dated on or about the date hereof, between each of the Canadian Loan Parties and the Agent.

  • 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 executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • 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 the collective reference to the security agreements, debentures, pledge agreements, charges and other similar documents and agreements pursuant to which any Grantor purports to pledge or grant a security interest in any property or assets located outside of the United States (including any Pledged Equity Interests of any Issuer organized under a jurisdiction other than the United States or any state or locality thereof securing the Secured Obligations).

  • Subsidiary Security Agreement means a security agreement substantially in the form of Exhibit I hereto by the Subsidiary Guarantors in favor of the Collateral Agent.

  • General Security Agreement means that certain Security Agreement (Personal Property), substantially in the form of Exhibit F, dated as of the date hereof, between Borrowers (or, as the case may be, each Guarantor), as Debtor, and Lender, as Secured Party, securing the Obligations of Borrowers (or, as the case may be, the obligations of each Guarantor), as the same may from time to time be amended, modified or supplemented.

  • 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.

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.