Examples of Secured Debtholders in a sentence
It is the express intention of all parties hereto that the Secured Debtholders are subrogated to all of the rights, powers, and equities of the original lenders and beneficiary under the Existing Mortgage, that the liens created hereby shall relate back to and be effective as of the effective date of the Existing Mortgage and that nothing contained herein shall be construed to impair or discharge the liens and security interests created thereby.
Notwithstanding the existence of any other security interest in the Mortgaged Property held by the Mortgagee or by any other party, the Mortgagee, acting upon an Act of Secured Debtholders, shall have the right to determine the order in which any or all of the Mortgaged Property shall be subjected to the remedies provided herein.
A further 11,000 are within 1-5 km (28 percent) and would require some level of subsidy for service to be profitable.
Upon the occurrence of an Actionable Default, the Mortgagee may, acting upon an Act of Secured Debtholders, foreclose this Instrument by judicial proceeding, and may invoke the power of sale and any other remedies permitted by applicable law or provided herein.
In the event the Mortgagee, acting upon an Act of Secured Debtholders, elects to seek the appointment of a receiver for the Property upon an Actionable Default, the Mortgagor hereby expressly consents to the appointment of such receiver.