Original Security Instrument definition

Original Security Instrument means, collectively, (i) the Tax-Exempt Mortgage, Security Agreement and Fixture Financing Statement, dated as of the Series 2021 Delivery Date, by the Borrower, granting a first priority mortgage and security interest in the Project to the Governmental Lender to secure the repayment of the Series 2021 Project Loan and related obligations, and (ii) the Tax-Exempt Assignment of Leases and Rents, dated as of the Series 2021 Delivery Date, by the Borrower to the Governmental Lender which Security Instrument was assigned by the Governmental Lender to the Initial Funding Lender pursuant to the Assignment of Mortgage and Project Loan Documents, dated as of the Series 2021 Delivery Date, by the Governmental Lender to the Initial Funding Lender as security for the Series 2021 Funding Loan.
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Original Security Instrument is defined in the Recitals of this Continuing Covenant Agreement.
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Original Security Instrument shall have the meaning set forth in the recitals of this Modification Agreement.
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Examples of Original Security Instrument in a sentence

  • The execution of this Agreement by Hotel Owner and Hotel Operator shall be deemed its execution of the Original Note, the Original Security Instrument and the other Original Loan Documents.

  • Neither this Instrument nor the Note extinguishes the indebtedness of the Original Note or discharges or releases or in any way adversely affects the lien or lien priorities of the Original Security Instrument or any other security for the indebtedness of the Original Note.

  • Immediately upon recording of this Security Instrument among the public records of Pinellas County, Florida, the lien of the Original Security Instrument, as modified and restated herein, is and shall continue to constitute in law a first leasehold mortgage lien on the Property (as defined below), securing the obligations set forth in the Note.

  • Pursuant to that certain Assignment of First Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing (“Assignment”), the Original Security Instrument was assigned by the Governmental Lender to Senior Lender as security for the Funding Loan.

  • Borrower is the owner the property (the “Original Property”) encumbered by the Original Security Instrument (defined below) executed by Borrower, which Original Property is more particularly described in the Original Security Instrument.

  • If Baidu fails to notify the Company and each Drag-Along Requestor of such intent within the Baidu Option Period, the Drag-Along Requestors shall be free to proceed with the Drag-Along Transaction with Baidu Restricted Persons as originally contemplated.

  • The Borrower Loan and the Taxable Borrower Loan were secured by, among other things, that certain (i) Future Advance Mortgage and Security Agreement, dated as of November 1, 2022, executed by ▇▇▇▇▇▇▇▇ for the benefit of Governmental Lender, and (ii) Absolute Assignment of Rents and Leases, dated as of November 1, 2022, executed by Borrower for the benefit of Governmental Lender (collectively, the “Original Security Instrument”), which Original Security Instrument encumbers the Mortgaged Property.