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Third Deed of Trust definition

Third Deed of Trust means the Deed of Trust, Assignment of Rents and Security Agreement of even date herewith, executed by Borrower conveying a third Lien security interest in the Mortgaged Property to secure repayment of the Facility B Term Loans and
Third Deed of Trust means the Deed of Trust, Assignment of Rents and Security Agreement of even date herewith, executed by Borrower conveying a third Lien security interest in the Mortgaged Property to secure repayment of the Facility B Term Loans and performance of certain of the Obligations, and all amendments thereto, recorded or to be recorded in the Xxxxx County, Texas Deed Records.

Examples of Third Deed of Trust in a sentence

  • This Note is secured by a Third Deed of Trust of even date herewith (the "Deed of Trust") executed by Borrower conveying certain property located in Durham, North Carolina.

  • The Borrower shall have executed and delivered to the Lender a Security Agreement for a Third Deed of Trust for the subject site, a UCC-1 filing for all equipment, furniture and fixtures financed with the Loan, and personal guarantee of ____________________________.

  • The right of the Agent to sell or otherwise dispose of all or any of the Mortgaged Property, in the manner provided for in the Deed of Trust, the Second Deed of Trust, and the Third Deed of Trust all other rights and remedies available to the Agent under the Deed of Trust, the Second Deed of Trust and the Third Deed of Trust.

  • If the City conveys the Site to Participant, such conveyance is to be concurrent with the recording of the CC&Rs, the Resale Restriction Agreement, the Senior Deed of Trust, the Equity Share Deed of Trust and the Capital Recovery Third Deed of Trust.

  • Subject to the rights of the holder of the First Deed of Trust, Second Deed of Trust and Third Deed of Trust, all or any loss proceeds payable to Beneficiary hereunder may, at Beneficiary’s option, be applied in any one or more of the following ways: (a) applied to the indebtedness hereunder, (b) applied to fulfill any of the covenants of Grantor contained herein, (c) applied to the replacement or restoration of the premises, or (d) released to Grantor.

  • Borrower shall furnish evidence reasonably satisfactory to the Lender that: (i) Borrower has good and marketable title to the Property; (ii) the consent of no other person or entity is required to grant a security interest in the Property to the Lender; and (iii) there is no other deed of trust, mortgage or encumbrance against the Property other than the First Deed of Trust, Second Deed of Trust and Third Deed of Trust.

  • Subject to the rights of the First Deed of Trust, Second Deed of Trust, Third Deed of Trust and Fourth Deed of Trust Lenders, in the event of a Default, and in addition to, and not in limitation of, any and all rights or remedies available to the Trustee or Beneficiary as a result of any such Default either by law or by any other provision of this Deed of Trust or any of the other Loan documents, the Beneficiary, in its sole discretion, may elect to pursue the following remedy.

  • Secondly, the amount of the Third Deed of Trust is what is entitled an “Equalizing Payment by Allison to Michael” under paragraph 52 of the Marital Settlement Agreement.

  • No previous waiver and no failure or delay by the Company in ------ acting with respect to the terms of this Note, the Third Deed of Trust or the Loan Agreement shall constitute a waiver of any breach, default, or failure of condition under this Note, the Third Deed of Trust, the Loan Agreement or the obligations secured thereby.

  • Grantor agrees to keep the Property or any Personal Property free from all other liens either prior or subsequent to the lien created by this instrument except for that certain Xxxxxx Ranch Second Deed of Trust and Security Agreement of even date herewith, that certain Xxxxxx Ranch Third Deed of Trust and Security Agreement of even date herewith, and any trade debt shown on Exhibit B attached hereto.


More Definitions of Third Deed of Trust

Third Deed of Trust means the deed of trust constituting a third-priority lien against the Property, by Borrower to All-Cal Title Company, a California corporation, as trustee, for the benefit of The Board of Trustees of Xxxxxx Xxxxxxxx Xx. University, as beneficiary, to be recorded in or about August 1998, in the Official Records of the County of Santa Xxxxx, State of California securing a loan in a principal amount not in excess of FORTY ONE THOUSAND FOUR HUNDRED SEVENTY FIVE DOLLARS ($41,475).

Related to Third Deed of Trust

  • Deed of Trust means each deed of trust, deed to secure debt or mortgage (fee), security agreement, assignment of leases and rents (if required by applicable law) and financing statement executed and delivered pursuant to Section 7.13, as the same shall be amended, supplemented, restated or otherwise modified from time to time.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Security Deed means the security deed dated on or about the Series Issue Date of the ETC Securities entered into as a deed by the Issuer, the Trustee and any other parties thereto by the execution of the Issue Deed and in the form of the Master Security Terms (as amended and/or supplemented by the Issue Deed) and as such Security Deed is amended, supplemented, novated or replaced from time to time.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Deed of Covenant means, in relation to a Ship, if required by the laws of the Approved Flag of that Ship, a deed of covenant collateral to the Mortgage over that Ship and creating Security over that Ship in agreed form.

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

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Mortgage Addendum means, in respect of each Mortgage, a third addendum thereto executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent may approve or require and, in the plural, means both of them.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of November 19, 2020, by and among Borrower, the subsidiary guarantors from time to time party thereto, and the Senior Creditors, as amended, restated, supplemented or otherwise modified from time to time.

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.

  • Second Amended and Restated Credit Agreement shall have the meaning assigned to such term in the recitals of this Agreement.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Mortgage Sale Agreement means the mortgage sale agreement entered into on or about the Initial Closing Date among the Seller, the Mortgages Trustee, Funding and the Security Trustee in relation to the assignment from time to time of the Mortgage Portfolio to the Mortgages Trustee as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement mortgage sale agreement entered into by such parties from time to time in accordance with the Transaction Documents;

  • Waiver Agreement means an agreement between

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.