Examples of Lessee Security Agreement in a sentence
At the time of the closing of the Mortgage Loan, the Lessee agrees to execute the Lessee Regulatory Agreement and the Lessee Security Agreement, and other applicable documents evidencing the Lender’s security interest in the collateral of the Lessee.
The Lessee agrees to comply with its obligations under the Lessee Regulatory Agreement and the Lessee Security Agreement, and agrees that a default by the Lessee under the Lessee Regulatory Agreement or Lessee Security Agreement shall be deemed to be a default under this Lease.
Owner/Lessor and Lessee acknowledge that any proposed assignee will be required to execute a Lessee Regulatory Agreement and a Lessee Security Agreement, each in form and substance satisfactory to HUD, as a prerequisite to any such approval.
The Manager will be reimbursed for Manager Advances in accordance with the terms of Section 7.2(b) of the Head Lessee Security Agreement.
Lessee shall take or cause to be taken all action required to maintain and preserve the Lien of the Lessee Security Agreement.