Examples of Note Security Deed in a sentence
This Agreement constitutes the entire understanding and agreement of the parties hereto with respect to the modification and amendment of the Note, Security Deed and Loan Documents and supersedes all prior agreements, understandings or negotiations with respect thereto.
Guarantor hereby (i) ratifies and affirms all its obligations under the Guaranty; (ii) acknowledges, represents and warrants that its Guaranty constitutes the valid and enforceable obligation of Guarantor, as of this date, free from any defenses and claims of offset; and (iii) consents to the execution by Borrower of the modification and amendment of the Note, Security Deed and Loan Documents as set forth herein.
Guarantor hereby (i) ratifies and affirms all its obligations under the Guaranty; (ii) acknowledges, represents and warrants that its Guaranty constitutes the valid and enforceable obligation of Guarantor, as of this date, free from any defenses and claims of offset; and (iii) consents to the execution by Borrower of the modification and amendment of the Note, Security Deed, the Property Rights Assignment and Loan Documents as set forth herein.
Except as modified in this Agreement, every provision, obligation, right and power contained in and under the Note, Security Deed, Assignment, UCC Financing Statements and the other Loan Documents shall remain in full force and effect, and the Note, Security Deed, Assignment, UCC Financing Statements and the other Loan Documents, as modified in this Agreement, are hereby ratified and confirmed.
If Borrower shall sell the Property, then, in addition to the outstanding principal and all accrued interest thereon and all other sums which may be due to Lender under the Note, Security Deed and the Other Loan Documents, Borrower shall pay to Lender an amount equal to twenty-five percent (25%) of the Net Sale Proceeds.
PHOENIX consents to (a) the transfer of the Property from HORIZON to RAMCO, subject to the Security Deed and the other Loan Documents, as the same may be amended by this Agreement, and (b) the assumption by RAMCO of all obligations of HORIZON under the Note, Security Deed, Assignment, UCC Financing Statements and Loan Documents, as the same may be amended by this Agreement.
All references in the Note, Security Deed, Assignment, UCC Financing Statements and other Loan Documents to HORIZON, "Maker", "Grantor", "Assignor", "Borrower", "Debtor" and words of like import shall be deemed to refer to RAMCO.
Grantor has the requisite power and authority to (i) incur the Indebtedness Secured Hereby and the Obligations and to execute and deliver the Note, this Security Deed and the other Loan Documents; and (ii) bind the Grantor by entering into the Note, Security Deed and other Loan Documents.
Guarantor has a direct or indirect interest in Assumptor, the assumption of the Loan by Assumptor is of substantial benefit to Guarantor and, therefore, Guarantor desires to indemnify Noteholder from and against and guarantee payment to Noteholder of all obligations and liabilities of Borrower and Assumptor under the Note, Security Deed and the Other Security Documents.
The rights and remedies of Assignee under this Assignment are cumulative and are not in lieu of, but are in addition to any other rights or remedies which Assignee shall have under the Note, Security Deed, the Security Agreement or any other Loan Document, or at law or in equity.