Security Financing Interest definition

Security Financing Interest has the meaning set forth in Section 8.1.

Security Financing Interest means a mortgage, deed of trust, or other reasonable method of security encumbering the Developer's fee interest in the Property that: (i) meets the requirements of this Agreement; and (ii) secures any construction or permanent loan or refinancing approved by the City in connection with the approval of the Financing Plan.

Security Financing Interest means a mortgage, deed of trust, or other reasonable security instruments securing loans against the Property. The words "mortgage" and "deed of trust" as used in this Agreement include all other modes of financing real estate acquisition, construction, and land development.

Examples of Security Financing Interest in a sentence

• Any rights of the County under this Article shall not defeat, limit or render invalid any Security Financing Interest permitted by this Agreement or‌ any rights provided for in this Agreement for the protection of holders of Security Financing Interests related to the Development.

• Whenever the County pursuant to its rights set forth in Article 7 of this Agreement delivers any notice or demand to the Developer with respect to the commencement, completion, or cessation of the construction of the Improvements, the County shall at the same time deliver to each holder of record of any Security Financing Interest creating a lien upon the Developer's leasehold interest in the Property or any portion thereof, and the Tax Credit Investor, a copy of such notice or demand.

• In no event shall a Security Financing Interest encumber the County's interest in the Property, unless approved by the County Board of Supervisors.

• Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County pursuant to the approved Financing Plan are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate construction, and land development.

• In the event of a default or breach by the Developer of a Security Financing Interest prior to the completion of the Improvements, and the holder has not exercised its option to complete the Development called to be constructed on the Property, the County may cure the default, prior to the completion of any foreclosure.

More Definitions of Security Financing Interest

Security Financing Interest means mortgages, deeds of trust, or other reasonable security instruments securing financing approved by the City for the purpose of developing the Project according to the Plans.

Security Financing Interest. The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development, including any such other modes used pursuant to the approved evidence of financing pursuant to Section 2.01(f).

Security Financing Interest has the meaning given in Section 10.1. (kkk) "Supplemental Approvals" means collectively the following City approvals related to and necessary for development of the Vertical Improvements on the applicable Phase of the Property consistent with this Agreement:

Security Financing Interest has the meaning set forth in Section 12.1. (ccc) "Tax Credits" means federal low-income housing tax credits established pursuant to Section 42 of the Internal Revenue Code of 1986, as amended.

Security Financing Interest has the meaning set forth in Section 15.1, below.

Security Financing Interest has the meaning set forth in Section 8.1. (pp) "State Density Bonus Law" means Government Code Section 65915, et‌ seq.

Security Financing Interest has the meaning set forth in Section 9.1. (ttt) "Security Financing Interest Assignment" has the meaning set forth in‌ Section 9.4. (uuu) Seller Carry-Back Component" has the meaning set forth in Recital H.