Collateral for Other Leases Sample Clauses

Collateral for Other Leases. Upon the occurrence of the Alterra Event, any cash or letters of credit held by Landlord as a security deposit or collateral pursuant to this Lease shall also be held by Landlord as additional security for the obligations due to Landlord or its Affiliates under the terms of any and all leases between Alterra or its Affiliate, as tenant, and Landlord or its Affiliate, as landlord; provided, however, that the foregoing provision shall be of no force or effect during any period in which any amounts remain outstanding under the terms of the Wxxxx Fargo Loan Documents.
Sample 1
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Collateral for Other Leases. Upon the occurrence of the Alterra Event, any cash or letters of credit held by Landlord as a security deposit or collateral pursuant to this Lease shall also be held by Landlord as additional security for the obligations due to Landlord or its Affiliates under the terms of any and all leases between Alterra or its Affiliate, as tenant, and Landlord or its Affiliate, as landlord; provided, however, that the foregoing provision shall be of no force or effect during any period in which any amounts remain outstanding under the terms of the Xxxxxxx Mac Loan Documents or in the event that Xxxxxxx Mac exercises the right to foreclose its security interest in the Premises pursuant to the terms of the Mortgage.
Sample 1

Related to Collateral for Other Leases

  • Collateral for the Note The Note shall not be secured.

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Collateral for Undrawn Letters of Credit (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit is required under Section 1.8(b), Section 1.14, Section 9.2 or Section 9.3 above, the Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below.

  • Impairment of Collateral Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

  • Loan Documents Otherwise Not Affected; Reaffirmation Except as expressly amended pursuant hereto or referenced herein, the Loan and Security Agreement and the other Loan Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all respects. The Lenders’ and Collateral Agent’s execution and delivery of, or acceptance of, this Amendment shall not be deemed to create a course of dealing or otherwise create any express or implied duty by any of them to provide any other or further amendments, consents or waivers in the future. The Borrower hereby reaffirms the grant of security under Section 4.1 of the Loan and Security Agreement and hereby reaffirms that such grant of security in the Collateral secures all Obligations under the Loan and Security Agreement, including without limitation any Term Loans funded on or after the Amendment Effective Date, as of the date hereof.

  • Agreement as to Single Secured Party and Single Pledgor Party A and Party B hereby agree that, notwithstanding anything to the contrary in this Annex, (a) the term “Secured Party” as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Waiver of Servicer Events of Default The Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Additional Collateral and Guaranties To the extent not delivered to the Administrative Agent on or before the Closing Date (including in respect of after-acquired property and Persons that become Subsidiaries of any Loan Party after the Closing Date), each Group Member shall, promptly, do each of the following, unless otherwise agreed by the Administrative Agent:

  • No Additional Collateral The Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (j) above;

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