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.

• 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 City is under no obligation to extend the dates for performance set forth in this Agreement), the Development to which the lien or title of such holder relates.

• The holder of any Security Financing Interest authorized by this Agreement is not obligated to construct or complete any Development or to guarantee such construction or completion; nor will any covenant or any other provision in conveyances from the City to the Developer evidencing the realty comprising the Property or any part thereof be construed so to obligate such holder.

• 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.

• Any New Agreement shall be prior to any Security Financing Interest or other lien, charge, or encumbrance on the Property in favor of such Security Financing Interest and each Security Financing Interest shall execute such additional consents and/or subordination agreements as may reasonably requested by the City or the new Developer to evidence the priority of the New Agreement to all Security Financing Interests, whether recorded prior or subsequent to execution of the New Agreement.

More Definitions of Security Financing Interest

Security Financing Interest means a mortgage, deed of trust, or other reasonable method of security encumbering the Property that secures any loan and/or refinancing approved by the County in connection with the approval of the Financing Plan.

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 means a mortgage, deed of trust, or other reasonable method of security encumbering the Developer’s fee interest in the Phase I Parcel and the Phase II Parcel that: (i) meets the requirements of this Agreement; and (ii) secures any construction or permanent loan shown on the Financing Proposal, or any refinancing approved by the Authority.

Security Financing Interest has the meaning set forth in Section 8.1. (mm) "Security Financing Interest Assignment" has the meaning set forth in‌ Section 8.4.

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 set forth in Section 9.1. (ttt) "Security Financing Interest Assignment" has the meaning set forth in‌ Section 9.4.

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.