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

• The holder in that event must agree to complete, in the manner provided in this Agreement (or as may be amended by the Security Financing Interest Assignment; provided, however, the County is under no obligation to extend the dates for performance set forth in this Agreement), the Improvements to which the lien or title of such holder relates.

• Mortgages, deeds of trust, or other reasonable security instruments securing Approved Financing, 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 acquisition, construction, and land development.

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

• The County agrees that such lien will be subordinate to any Security Financing Interest, and the County will execute from time to time any and all documentation reasonably requested by Developer to effect such subordination.

• Whenever the County pursuant to its rights set forth in Article 8 of this Agreement delivers any notice or demand to Developer with respect to the commencement, completion, or cessation of the construction of the Improvements, the County will at the same time deliver to each holder of record of any Security Financing Interest, a copy of such notice or demand.

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 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.

Security Financing Interest means mortgages, deeds of trust, or any other security instruments securing loans

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 is defined in Section 11.01 below.

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.