First Lien Deed of Trust definition

First Lien Deed of Trust means that certain first lien deed of trust granted by Borrower as of the same date hereof.
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First Lien Deed of Trust. As defined in Section 2.06. ------------------------
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First Lien Deed of Trust means that certain Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing dated October 24, 2006 given by Grantor to Xxxx Xxxxxxxx, Xx., as trustee, for the benefit of Beneficiary, as beneficiary, assignee and secured party, in its capacity as administrative agent for the Lenders and Issuers (as such terms are defined in the First Lien Credit Agreement), recorded in the Deed Records of Tarrant County under Clerk’s File No. D206336238, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Examples of First Lien Deed of Trust in a sentence

  • The only liens to be placed on the property purchased through HAP will be the ALP’s First Lien Deed of Trust and the City’s Second Lien Deed of Trust.

  • BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for the First Lien Deed of Trust and other encumbrances of record.

  • The First Lien Deed of Trust and the Second Lien Deed of Trust are hereinafter collectively called the "Deeds of Trust" and the First Lien Noteholder and the Second Lien Noteholder are hereinafter collectively called the "Noteholders".

  • It is the intention of the parties that the Rent will be received and enjoyed by Lessor or the First Lien Noteholder, as the case may be, as an absolute net sum, and will be available in full for application to the payment of principal of, and premium and interest on, indebtedness secured by the First Lien Deed of Trust when due.

  • The priority of the First Lien Deed of Trust with respect to the leasehold estate hereunder and the relative rights and obligations of the First Lien Noteholder, Lessor and Lessee with respect to this Lease and the Leased Property may be set forth in an Agreement (hereinafter called the "Attornment Agreement") by and among said parties.

  • LCPI filed an Answer and Counterclaim seeking declaratory relief as to the 20 priority of a First Lien Deed of Trust securing a debt in the principal amount of 21 $235,000,000 and a Second Lien Deed of Trust securing a debt in the principal amount of 22 $85,000,000 on theories of the date of recording, subordination by contract, equitable 23 subrogation and others.

  • Lender’s actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument (including all sums secured by the First Lien Deed of Trust); (b) appearing in court; and (c) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding.

  • The trial court’s ordering 3 MAC to convey lot A to Plaintiff free and clear of [the Bank’s] First Lien Deed of Trust and ordering [the Bank], Gibson, and Anderson to release [the Bank’s] Deed of Trust recorded against Lot A constituted an improper remedy.

  • First Lien Deed of Trust from Maryland Economic Development Corporation to Dxxxx X.

  • The MBA program accepts 8 credit hours of nursing work for its 36 required credit hours to complete the MBA.


More Definitions of First Lien Deed of Trust

First Lien Deed of Trust means that certain Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing dated October 24, 2006 given by Grantor to Xxxx Xxxxxxxx, Xx., as trustee, for the benefit of Beneficiary, as beneficiary, assignee and secured party, in its capacity as administrative agent for the Lenders and Issuers (as such terms are defined in the First Lien Credit Agreement), recorded in the Deed Records of Tarrant County under Clerk’s File No. D206336238, as the same may be amended, restated, supplemented or otherwise modified from time to time. (d) “Grantor” means the person or persons named at the beginning of this instrument as Grantor, and any subsequent owner or owners of the Property. (e) “Indebtedness” means (1) the Obligations, and (2) all other indebtedness, obligations and liabilities now or hereafter existing of any kind of Grantor or any Loan Party to Beneficiary or any of the Secured Parties pursuant to or in connection with the Loan Agreement. This Deed of Trust secures any future advances under the Loan Agreement. (f) “Permitted Encumbrances” means the encumbrances listed on Exhibit B to this Deed of Trust and incorporated herein by reference as if fully set out herein and the Permitted Liens. (g) “Property” means all of the described property, rights, privileges, interests and franchises more particularly described in paragraphs (1) through (11) below:
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First Lien Deed of Trust means the deed of trust in favor of CPC securing the First Lien Note and encumbering the San Antonio Land.
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Related to First Lien Deed of Trust

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

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • First Lien/First Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, as such document may be amended, restated, supplemented or otherwise modified from time to time.

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

  • First Lien Security Documents means, collectively, (i) the Credit Agreement Collateral Documents and (ii) the Additional First-Lien Security Documents.

  • First Lien Intercreditor Agreement means an Intercreditor Agreement substantially in the form of Exhibit L among the Administrative Agent, the Collateral Agent and the representatives for purposes thereof for any other First Lien Secured Parties, with such changes thereto as may be reasonably acceptable to the Administrative Agent; provided that such changes are not materially adverse to the Lenders.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • Second Lien Intercreditor Agreement means a “junior lien” Intercreditor Agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent, among the Administrative Agent and one or more Designated Representatives for holders of Alternative Incremental Facility Indebtedness or Permitted Junior Secured Refinancing Debt.

  • Second Lien Security Documents means the “Security Documents”, as defined in the Second Lien Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Lien are governed.

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

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

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

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.

  • Existing Intercreditor Agreement means the existing intercreditor agreement dated 11 May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007, as amended and restated on 5 November 2009 and as further amended on 5 November 2010) between, inter alia, Beverage Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Xxxxxxxx Group Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings (Luxembourg) III S.à x.x., Credit Suisse AG (formerly Credit Suisse) as security trustee and others.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Term Loan Intercreditor Agreement means that certain Intercreditor Agreement substantially in the form of Exhibit L hereof, dated as of the date hereof, among the administrative agent under the Term Loan Credit Agreement, the Administrative Agent on behalf of the Secured Parties, and the Loan Parties, as amended and in effect from time to time.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Intercreditor Agreement Joinder means an agreement substantially in the form of Exhibit A.

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