City Deed of Trust definition

City Deed of Trust has the meaning set forth in Paragraph D of the Recitals.

City Deed of Trust has the meaning set forth in Paragraph L of the

City Deed of Trust means the deed of trust, in the form provided by the City, executed by each buyer of an Ownership Affordable Unit at the time of purchase of the Affordable Unit, securing the buyer's performance under the Resale Agreement and the City Note.

Examples of City Deed of Trust in a sentence

• Notwithstanding any other provision hereof, the provisions of this Agreement and the City Deed of Trust shall be subordinate to the lien of the First Lender Deed of Trust and shall not impair the rights of the First Lender, or such lender's assignee or successor in interest, to exercise its remedies under the First Lender Deed of Trust in the event of default under the First Lender Deed of Trust by the Owner.

• The Owner acknowledges that the City shall have no obligation to cause reconveyance of this Agreement or of the City Deed of Trust until the Excess Sales Proceeds are paid to the City.

• This Agreement shall not diminish or affect the rights of the City under the City Deed of Trust.

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• The City may proceed to enforce payment of the indebtedness and to exercise any or all rights afforded to the City as a creditor and secured party under the law including the Uniform Commercial Code, including foreclosure under the City Deed of Trust.

More Definitions of City Deed of Trust

City Deed of Trust means the deed of trust securing the City Loan, to be recorded upon the occurrence of the Closing, subordinate to the deed of trust securing any Senior Loan, substantially in the form attached to this Agreement as Attachment No. 9.

City Deed of Trust means the Deed of Trust with Assignment of Rents given for the benefit of the Vallejo Housing Authority in connection with the City Loan (as modified by the Modification of Deed of Trust between the Borrower and the Vallejo Housing Authority).

City Deed of Trust means the deed of trust that will encumber the Developer's fee interest in the Property to secure repayment of the City Note, substantially in the form attached hereto as Exhibit F.

City Deed of Trust means that certain deed of trust dated as of the date hereof, executed by Borrower as Trustor for the benefit of the City and recorded against the Property to secure repayment of this Note and performance under the Property Restriction Agreement, as such deed of trust may be amended, modified or supplemented from time to time.

City Deed of Trust means the Deed of Trust, Security Agreement and Fixture Filing securing the City Loan, in substantially the form attached hereto as Attachment No. 7, to be dated as of the Closing Date, executed by Borrower in favor of the City and recorded on the Closing Date.

City Deed of Trust means a deed of trust that secures Homeowner’s compliance with the terms and conditions of the Affordable Housing Covenant, in the form attached hereto as Exhibit D.

City Deed of Trust means the Subordinated Leasehold Deed of Trust, Security Agreement and Fixture Filing (With Assignment of Rents) securing the City Loan, in substantially the form attached to this Agreement as Attachment K, subject to such changes as the Construction Lender and the Investor Limited Partner may request that are reasonably approved by the City.