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.
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.
In their Amended Complaint, Plaintiffs claim that Defendants breached provisions contained in the Adjustable Rate Note, Security Deed, and Forbearance Agreement.
If Borrower shall refinance or otherwise prepay the loan, 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 Refinance Proceeds" as hereinafter defined.
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 quarterly principal payments contemplated by this paragraph 6.5(b) shall not alter, diminish or in any manner modify Borrower's obligations with respect to monthly payments of principal and/or interest under the Note or any other amounts payable to Lender under the Note, Security Deed and the Other Loan Documents.
The key risk associated with related party transactions, such as the Fund’s investment in Notes, is that due to the related party relationship we may fail to adequately monitor the performance of the Fund’s investment and fail to take appropriate action to enforce the Fund’s rights under the Note Subscription Deed or Note Security Deed if a breach arises.
As used herein, the term "Guaranteed Obligations" shall mean all principal, interest and other sums of any kind, nature or description whatsoever which Assumptor may now or at any time hereafter owe under the Note, Security Deed or any of the other Loan Documents or otherwise in connection with the Loan (including costs, attorneys' fees and expenses), limited to the total sum of TWO MILLION TWO HUNDRED THOUSAND AND no/100 DOLLARS ($2,200,000.00).