Deed to Secure Debt definition

Deed to Secure Debt means the Deed to Secure Debt, Assignments of Rents, Profits and Income dated as of the date hereof, whereby Borrower for the benefit of the Credit Provider, has granted a first priority mortgage lien on the Project and the Property as Security for Borrower’s obligations hereunder.

Deed to Secure Debt is given by Grantor in favor of Beneficiary for its benefit and the benefit of the Banks and Collateral Agent (collectively, the "Secured Parties") to secure the payment and performance in full when due, whether at stated maturity, by acceleration or otherwise (including, without limitation, the payment of interest and other amounts which would accrue and become due but for the filing of a petition in bankruptcy or the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. (S) 362(a)), of (i) all Obligations of Grantor now existing or hereafter arising under the Credit Agreement and all Interest Rate Obligations of Grantor now existing or hereafter arising under any Interest Rate Agreement (including, without limitation, Grantor's obligation provided for therein to pay principal, interest and all other charges, fees, expenses, commissions, reimbursements, premiums, indemnities and other payments related to or in respect of the Obligations contained in the Credit Agreement and the obligations contained in any Interest Rate Agreement) and (ii) without duplication of the amounts described in clause (i), all Obligations of Grantor now existing or hereafter arising under this Deed to Secure Debt or any other Security Document, including, without limitation, with respect to all charges, fees, expenses, commissions, reimbursements, premiums, indemnities and other payments that Grantor is obligated to pay under this Deed to Secure Debt or any other Security Document (the obligations described in clauses (i) and (ii), collectively, the "Secured Obligations").

Deed to Secure Debt. Guaranty", "Other Notes", "Loan Documents", or "Indemnity Agreement" or to any individual document constituting a Loan Document, shall be deemed to include the modifications thereto effected by the Modification Agreement, together with any modifications, renewals or extensions hereafter made with respect thereto.

Examples of Deed to Secure Debt in a sentence

• The Note will be secured by a Multifamily Mortgage, Deed of Trust, or Deed to Secure Debt dated effective as of the effective date of the Note (as amended, modified or supplemented from time to time, the “Security Instrument”), encumbering the Mortgaged Property described in the Loan Agreement.

• The Borrower's obligations under this paragraph shall survive the repayment of the Loan and any deed in lieu of foreclosure or foreclosure of any Deed to Secure Debt, Deed of Trust, Security Agreement or Mortgage securing the Loan.

• That certain Commercial Deed to Secure Debt, Security Agreement and Fixture Filing effective dated as of the date of this Note, executed by Maker to or for the benefit of Lender and securing this Note and encumbering the Property.

• The Note is secured by, among other things, a Multifamily Loan and Security Agreement (“Loan Agreement”) and a Multifamily Mortgage, Deed of Trust, or Deed to Secure Debt (“Security Instrument”), dated as of the date of this Assignment, which grants Lender a lien on the property encumbered by the Security Instrument (“Mortgaged Property”).

• The Note will be secured by a Multifamily Mortgage, Deed of Trust, or Deed to Secure Debt dated effective as of the effective date of the Note (the "Security Instrument"), encumbering the Mortgaged Property described in the Security Instrument.

More Definitions of Deed to Secure Debt

Deed to Secure Debt. The Deed to Secure Debt, Security Agreement and Fixture Filing made by the Borrower as grantor in favor of the Collateral Agent as grantee.

Deed to Secure Debt. A Deed To Secure Debt, Security Agreement and Fixture Filing dated as of the Execution Date, executed by Assignor to Assignee securing repayment of the Note. The Deed To Secure Debt will be recorded in the records of the County in which the Property is located. ------------------------------------------------------------- --------- ------------------------------------------------------- THIS ASSIGNMENT OF LEASES (this "Agreement") is entered into by Assignor as of the Execution Date in favor of Assignee and affects the Property as hereinafter described. Certain terms used in this Agreement are defined in the Defined Terms on page 1.

Deed to Secure Debt used herein and the term "mortgage" as used in the Commitment Letter shall both mean and refer to that certain Future Advance Deed to Secure Debt, Assignment of Rents and Leases and Security Agreement of even date herewith by Borrower in favor of Lender.

Deed to Secure Debt means the Deed to Secure Debt (P1), dated as of December 30, 1996, between the Co-Trustee, as Grantor, and the Lender, as Secured Party, in substantially the form of Exhibit K2 to the Participation Agreement.

Deed to Secure Debt means, collectively, that certain First Deed to Secure Debt and that certain Second Deed to Secure Debt, dated as of August 30, 2005, made by Landlord in favor of Euro Hypo AG, New York Branch.

Deed to Secure Debt shall have the meaning ascribed to such term in the Preliminary Statements.

Deed to Secure Debt mean this Deed to Secure Debt made and given by Grantor to Lender, and includes without limitation all assignments and security interest provision relating to the Additional Collateral.