Second Lien Deed of Trust definition

Second Lien Deed of Trust means the Second Lien Deed of Trust in favor of First American Title Insurance Company of Oregon, an Oregon corporation, as Trustee, and Administrative Agent as Beneficiary, substantially in the form of Exhibit D-1.
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Second Lien Deed of Trust means the Second Lien Mortgage, Deed of Trust, Assignment, Security Agreement and Financing Statement dated as of the AFB Effective Date, delivered by the Company pursuant to Section 3.03(d)(v) as security for the payment and performance of the Lender Indebtedness.
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Second Lien Deed of Trust and together with the First Lien Deed of Trust, collectively, the “Deeds of Trust”), and recorded in the real property records of Travis County, Texas, against the property stated therein. The First Lien Deed of Trust, and the Second Lien Deed of Trust, collectively, will be referred to herein as the “Security Instrument”). This Note is one of the Notes referred to in the Loan Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guaranties. The Loans made by Lender shall be evidenced by an account maintained by Xxxxxx in the ordinary course of business. Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. TCB $2MM Note (2024) 1 Upon the occurrence and continuation of one or more of the Events of Default specified in the Loan Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Loan Agreement and Administrative Agent shall have the right, at the sole discretion of Administrative Agent, to exercise any rights and remedies set forth in the Loan Agreement, Security Instrument and the other Loan Documents, and without notice, demand, presentment, notice of nonpayment or nonperformance, protest, notice of protest, notice of intent to accelerate, notice of acceleration, or any other notice or any other action (ALL OF WHICH BORROWER HEREBY EXPRESSLY WAIVES AND RELINQUISHES). Time is of the essence with respect to all provisions of this Note and the Loan Documents. THIS NOTE, AND ANY CLAIM, CONTROVERSY, OR DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS NOTE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. TCB $2MM Note (2024) 2
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Examples of Second 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.

  • A Second Lien Deed of Trust will be obtained to secure Homebuyer’s compliance with the Affordability Period and all other requirements of the HAP.

  • 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".

  • 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.

  • The Borrower shall have delivered to the Agent modifications to the Deed of Trust and the Second Lien Deed of Trust, reflecting the Revolving Loan Maturity Date and containing such other provisions and in a form satisfactory to Agent.

  • In the event of a default by Lessee in the payment of Rent under this Lease, then, at the option of Lessor, either (a) the obligation of Lessor to make payments under the Second Lien Note and to perform its obligations under the Second Lien Deed of Trust will be suspended until such time as the default in the payment of Rent is cured or (b) Lessor may offset against payments due on the Second Lien Note any past due amounts owed by Lessee under this Lease.

  • Borrower hereby agrees to pay all fees and expenses of the title company in order to obtain a mortgagee’s title insurance policy on the Second Lien Deed of Trust and to provide all documents and affidavits required by the title company for issuance of such title policy.

  • A Second Lien Deed of Trust will be obtained to secure Homebuyer’s compliance with the affordability period and all other requirements of the GNND Program.

  • B.S. Desai, as the president of JJBD, through the execution of a Second Lien Deed of Trust, granted a lien on the Stratford House Inn to secure payment of the December 29, 2000 note which he had executed in his individual capacity, along with Perry Patel and Danny Desai.

  • These are an employee Sharesave scheme, a Performance Share Plan (PSP) and the Deferred Share Plan.


More Definitions of Second Lien Deed of Trust

Second Lien Deed of Trust means that certain Deed of Trust of even date herewith from Borrower to Xxxx X. Xxxx, Trustee for Lender, covering the Real Property, which is partial collateral for the Loan.
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Second Lien Deed of Trust means that certain Second Lien Deed of Trust and Security Agreement (With Assignment of Rents) dated June 25, 1998 from the Borrower to Chrixxxxxxx X. Xxxxxx, xxustee for the benefit of the Agent, upon and covering the same real property described in the Deed of Trust, as amended by the Modification of Deed of Trust and Extension Agreement dated of even date herewith. Secretary's Certificate means a certificate, in Proper Form, of the Secretary or an Assistant Secretary of a corporation as to (a) the resolutions of the Board of Directors of such corporation authorizing the execution, delivery and performance of the documents to be executed by such corporation; (b) the incumbency and signature of the officer of such corporation executing such documents on behalf of such corporation; and (c) the Organizational Documents of such corporation.
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Second Lien Deed of Trust means the document which creates and evidences a lien that is placed against the property until the Affordability Period is matured or satisfied by the terms of the Loan Note.
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Second Lien Deed of Trust the beneficial interest of which is held by Brentwood, Inc., a Nevada corporation, which Second Lien Deed of Trust is in the principal amount of THREE MILLION SIX HUNDRED FIFTY THOUSAND DOLLARS ($3,650,000.00), and which was recorded in the Office of the County Recorder of Clark County, Nevada, on December 31, 1996, at Book No. 961231 as Inxxxxxent No. 02317.
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Related to Second Lien Deed of Trust

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

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

  • 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.

  • 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.

  • 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 Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, 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 Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • 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.

  • Second Lien Indenture has the meaning set forth in the recitals.

  • 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.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent”, the “Company” or any other person shall be construed so as to include its successors in title, permitted assigns and permitted transferees and, in the case of the Security Agent, any person for the time being appointed as Security Agent or Security Agents in accordance with this Agreement;

  • Second Lien Note Documents means the Second Lien Note Indenture, the Second Lien Notes, the Second Lien Security Documents and each other document, instrument or agreement relating to the issuance of the Second Lien Notes, as the same may be amended, restated, supplemented, waived and/or otherwise modified from time to time in accordance with the terms thereof, of this Agreement and of the Intercreditor Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

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

  • 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.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

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

  • 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.

  • 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.

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

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