Common use of Debt and Obligations Secured Clause in Contracts

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the “Debt”): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security Documents (collectively, the “Other Obligations”). Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.”

Appears in 2 contracts

Samples: Non Disturbance and Attornment Agreement (American Assets Trust, Inc.), Deed of Trust and Security Agreement (American Assets Trust, Inc.)

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Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the followingpayment of the Debt and the performance of the Other Obligations, in such order of priority as Lender may determine in its sole discretion (discretion. For purposes hereof, the term “Debt”): (a) ” shall mean the payment aggregate of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of , interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of , all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security other Loan Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of and all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; . For purposes hereof, the term “Other Obligations” shall mean the obligations of Borrower (eother than the obligation to repay the Debt) contained in this Security Instrument, the Note and the other Loan Documents (as hereinafter defined). For purposes hereof, the term “Loan Documents” shall mean the Note, this Security Instrument and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid the Note or unreimbursed servicing and special servicing fees) which have otherwise been executed or are hereafter executed by Lender Borrower and/or any other person or entity in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for loan (the Debt or any part thereof, or “Loan”) evidenced by the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument Note and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security Documents (collectively, the “Other Obligations”)thereof. Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the “Obligations.” All the covenants, conditions and agreements contained in the Note and the other Loan Documents are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein. Anything to the contrary herein or in any other Loan Document notwithstanding, the obligations of any person (hereinafter, a “Guarantor” or “Indemnitor) under any separate guaranty or indemnity accepted by Lender, including but not limited to any guaranty of recourse obligations given to Lender as of even date herewith, shall not be secured by this Security Instrument, any separate assignment of leases or assignment of rents, or any other lien encumbering the Property; provided however that the obligations of Borrower under the Environmental Indemnity Agreement (as hereinafter defined) and under any separate indemnity of Borrower shall be so secured, subject to the rights of Lender to proceed on an unsecured basis thereunder pursuant to applicable law.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Sun Communities Inc), Mortgage and Security Agreement (Sun Communities Inc)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the followingpayment of the Debt and the performance of the Other Obligations, in such order of priority as Lender may determine in its sole discretion (discretion. For purposes hereof, the term “Debt”): (a) ” shall mean the payment aggregate of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of , interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of , all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security other Loan Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of and all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; . For purposes hereof, the term “Other Obligations” shall mean the obligations of Borrower (eother than the obligation to repay the Debt) contained in this Security Instrument, the Note and the other Loan Documents (as hereinafter defined). For purposes hereof, the term “Loan Documents” shall mean the Note, this Security Instrument, the Cash Management Agreement and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid the Note or unreimbursed servicing and special servicing fees) which have otherwise been executed or are hereafter executed by Lender Borrower and/or any other person or entity in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for loan (the Debt or any part thereof, or “Loan”) evidenced by the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument Note and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security Documents (collectively, the “Other Obligations”)thereof. Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the “Obligations.” All the covenants, conditions and agreements contained in the Note and the other Loan Documents are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein. Anything to the contrary herein or in any other Loan Document notwithstanding, the obligations of any person (hereinafter, a “Guarantor” or “Indemnitor) under any separate guaranty or indemnity accepted by Lender, including but not limited to any guaranty of recourse obligations given to Lender as of even date herewith, shall not be secured by this Security Instrument, any separate assignment of leases or assignment of rents, or any other lien encumbering the Property; provided however that the obligations of Borrower under the Environmental Indemnity Agreement (as hereinafter defined) and under any separate indemnity of Borrower shall be so secured, subject to the rights of Lender to proceed on an unsecured basis thereunder pursuant to applicable law.

Appears in 2 contracts

Samples: And Spreader Agreement and Security Agreement, Extension and Spreader Agreement and Security Agreement (Sun Communities Inc)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (collectively, the “Debt”"DEBT"): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “other Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, Note or the Other Security other Loan Documents (collectively, the “Other Obligations”"OTHER OBLIGATIONS"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations"OBLIGATIONS."

Appears in 1 contract

Samples: Empire Resorts Inc

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the followingpayment of the Debt (as hereinafter defined) and the performance of the Other Obligations (as hereinafter defined), in such order of priority as Lender may determine in its sole discretion (discretion. For purposes hereof, the term “Debt”): (a) ” shall mean the payment aggregate of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of , interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of , all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security other Loan Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of and all sums advanced , either discretionary or future advances, pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; . For purposes hereof, the term “Other Obligations” shall mean the obligations of Borrower (eother than the obligation to repay the Debt) contained in this Security Instrument, the Note and the other Loan Documents (as hereinafter defined). For purposes hereof, the term “Loan Documents” shall mean the Note, this Security Instrument, and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid the Note or unreimbursed servicing and special servicing fees) which have otherwise been executed or are hereafter executed by Lender Borrower and/or any other person or entity in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for loan (the Debt or any part thereof, or “Loan”) evidenced by the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument Note and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security Documents (collectively, the “Other Obligations”)thereof. Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the “Obligations.” All the covenants, conditions and agreements contained in the Note and the other Loan Documents are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein. Anything to the contrary herein or in any other Loan Document notwithstanding, the obligations of any guarantor under the Guaranty of Recourse Obligations of Borrower or any Guarantor or Indemnitor under any other separate guaranty or indemnity accepted by Lender shall not be secured by this Security Instrument, any separate assignment of leases or assignment of rents, or any other lien encumbering the Property; provided however that the obligations of Borrower under the Environmental Indemnity Agreement and under any separate indemnity of Borrower shall be so secured, subject to the rights of Lender to proceed on an unsecured basis thereunder pursuant to applicable law.

Appears in 1 contract

Samples: Mortgage And (Paladin Realty Income Properties Inc)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the "Debt"): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “other Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower r contained this Security Instrument, the Note and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of the Note or which have otherwise been executed or are hereafter executed by Borrower and/or any other person or entity in connection with the loan (the "Loan') evidenced by the Note (the Note this Security Instrument and such other documents and instruments being hereinafter referred to collectively as the "Loan Documents') and in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, thereof (collectively the Note, or the Other Security Documents (collectively, the “"Other Obligations"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the "Obligations." All the covenants, conditions and agreements contained in the Note and the other Loan Documents are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein.

Appears in 1 contract

Samples: Assumption and Release Agreement (Blue Ridge Real Estate Co)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the “Debt”): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “other Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security other Loan Documents (collectively, the “Other Obligations”). Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.” As used herein, the term “Loan Documents” shall mean, collectively, this Agreement, the Note, the Security Instrument, the Environmental Indemnity (defined below), the Indemnity Agreement (defined below) and all other documents executed and/or delivered in connection with the Loan, as each of the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. The foregoing provisions shall not be deemed to grant Lender the right to apply any payments by Borrower under the Loan Documents, any Rents or other proceeds of the Property, in each case, to any portion of the Debt prior to the date that such portion of the Debt is due and payable pursuant to the terms and conditions hereof and/or of the other Loan Documents.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (American Assets Trust, Inc.)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the "Debt"): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of the indebtedness evidenced by the Idaho Note or the Florida Note is (as each is defined in the Loan Agreement) (the "Other Notes") in lawful money of the United States of America; (c) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, the Other Notes, this Security Instrument or the Other Security Documents (defined below); (cd) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, the Other Notes, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “Loan Documents”); (de) the payment of all sums advanced pursuant to this Security Instrument or Other Security Documents to protect and preserve the Property and the lien and the security interest created hereby; and (ef) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, Note or the Other Security Documents (collectively, the "Other Obligations"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the "Obligations."

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the "Debt"): (a) the payment of the indebtedness evidenced by the Florida Note (as defined in the Loan Agreement; together with all extensions, renewals, modifications, substitutions and amendments thereof, the "Note"), in lawful money of the United States of America; (b) the payment of the indebtedness evidenced by the North Carolina Note or the Idaho Note is (as each is defined in the Loan Agreement; together with all extensions, renewals, modifications, substitutions and amendments thereof, the "Other Notes") in lawful money of the United States of America; (c) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, the Other Notes, this Security Instrument or the Other Security Documents (defined below); (cd) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, the Other Notes, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “Loan Documents”); (de) the payment of all sums advanced pursuant to this Security Instrument or Other Security Documents to protect and preserve the Property and the lien and the security interest created hereby; and (ef) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, Note or the Other Security Documents (collectively, the "Other Obligations"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the "Obligations."

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the “Debt”): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security other Loan Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security other Loan Documents (collectively, the “Other Obligations”). Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.”

Appears in 1 contract

Samples: Security Agreement (American Assets Trust, Inc.)

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Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the followingpayment and performance of all of the obligations of Mortgagor under the Subsidiary Guaranty (which obligations include, without limitation, the guaranty of the full and timely repayment of the Debts by Ener1 in accordance with the terms of the Debentures) and the performance of the Other Obligations, in such order of priority as Lender each Mortgagee may determine in its sole discretion discretion. For purposes hereof, the term “Debts” shall mean (the “Debt”): (ai) the payment aggregate of the indebtedness evidenced by the Note Debentures in favor of each Mortgagee in lawful money of the United States of America; (b) the payment of , interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the NoteDebentures, this Security Instrument or the Other Security Documents other Investment Documents, (defined below); (cii) the payment of all other moneys agreed or provided to be paid by Borrower in Ener1 pursuant to the Note, this Security Instrument Debentures or the Other Security Documents other Investment Documents, (collectively sometimes referred to herein as the “Loan Documents”); (diii) the payment of all sums advanced by Agent or a Mortgagee pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; hereby and (eiv) all other moneys agreed or provided to be paid by Mortgagor pursuant to the Subsidiary Guaranty. For purposes hereof, the term “Other Obligations” shall mean the obligations of Mortgagor (other than the obligation to repay the Debts) contained in this Security Instrument, the Debentures and the other Investment Documents. For purposes hereof, the term “Investment Documents” shall mean the Debentures, this Security Instrument, the Security Agreement, the Subsidiary Guaranty and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid any Debenture or unreimbursed servicing and special servicing fees) which have otherwise been executed or are hereafter executed by Lender Ener1, Mortgagor and/or any other person or entity in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for loan evidenced by the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument Debentures and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security Documents (collectively, the “Other Obligations”)thereof. BorrowerMortgagor’s obligations under the Subsidiary Guaranty for the payment of the Debt Debts and the performance of Mortgagor’s obligation to perform the Other Obligations shall be referred to collectively herein below as the “Obligations.” All the covenants, conditions and agreements contained in the Subsidiary Guaranty and the other Investment Documents to which Mortgagor is a party are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein.

Appears in 1 contract

Samples: Ener1 Inc

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the "Debt"): (a) the payment of the indebtedness evidenced by the Note and the Unitel 53 Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, the Unitel 53 Note, this Security Instrument or Instrument, the Unitel 53 Mortgage, the Other Security Documents (as defined below)in Section 3.2) or the Unitel 53 Security Documents; (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, the Unitel 53 Note, this Security Instrument or Instrument, the Unitel 53 Mortgage, the Other Security Documents (collectively sometimes referred to herein as or the “Loan Unitel 53 Security Documents”); (d) the payment of all sums advanced by Lender pursuant to this Security Instrument or the Unitel 53 Mortgage to protect and preserve the Property or the property encumbered by the Unitel 53 Mortgage and the lien and the security interest created herebyhereby or thereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower or Unitel 53 LLC contained herein and in the Unitel 53 Mortgage and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Unitel 53 Mortgage, the Note, the Unitel 53 Note, the Other Security Documents or the Other Unitel 53 Security Documents (collectively, the "Other Obligations"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the "Obligations." Notwithstanding the foregoing, Lender may at any time, at its sole option, amend this Security Instrument so that it no longer secures the Unitel 53 Note, the Unitel 53 Mortgage or the Unitel 53 Security Documents.

Appears in 1 contract

Samples: Extension Agreement (Unitel Video Inc/De)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the “Debt”): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “other Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security other Loan Documents (collectively, the “Other Obligations”). Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.” As used herein, the term “Loan Documents” shall mean, collectively, this this Security Instrument, the Note, the Environmental Indemnity (defined below), the Indemnity Agreement (defined below), the Reserve Agreement (defined below) and all other documents executed and/or delivered in connection with the Loan, as each of the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. The foregoing provisions shall not be deemed to grant Lender the right to apply any payments by Borrower under the Loan Documents, any Rents or other proceeds of the Property, in each case, to any portion of the Debt prior to the date that such portion of the Debt is due and payable pursuant to the terms and conditions hereof and/or of the other Loan Documents. As used herein, the term “Reserve Agreement” shall mean that certain Reserve and Security Agreement, dated as of the date hereof, by and between Borrower and Lender, as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (American Assets Trust, Inc.)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the "Debt"): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of the indebtedness evidenced by the North Carolina Note or the Florida Note is (as each is defined in the Loan Agreement) (the "Other Notes") in lawful money of the United States of America; (c) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, the Other Notes, this Security Instrument or the Other Security Documents (defined below); (cd) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, the Other Notes, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “Loan Documents”); (de) the payment of all sums advanced pursuant to this Security Instrument or Other Security Documents to protect and preserve the Property and the lien and the security interest created hereby; and (ef) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, Note or the Other Security Documents (collectively, the "Other Obligations"). Borrower’s 's obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein below as the "Obligations."

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the following, in such order of priority as Lender may determine in its sole discretion (the “Debt”): (a) the payment of the indebtedness evidenced by the Note in lawful money of the United States of America; (b) the payment of interest, prepayment premiums, default interest, late charges and other sums, as provided in the Note, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of all other moneys agreed or provided to be paid by Borrower in the Note, this Security Instrument or the Other Security Documents (collectively sometimes referred to herein as the “other Loan Documents”); (d) the payment of all sums advanced pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; and (e) the payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid or unreimbursed servicing and special servicing fees) by Lender in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of this Security Instrument, the Note, or the Other Security other Loan Documents (collectively, the “Other Obligations”). Borrower’s obligations for the payment of the Debt and the performance of the Other Obligations shall be referred to collectively herein as the “Obligations.” As used herein, the term “Loan Documents” shall mean, collectively, this this Security Instrument, the Note, the Environmental Indemnity (defined below), the Indemnity Agreement (defined below), the Reserve Agreement (defined below) and all other documents executed and/or delivered in connection with the Loan, as each of the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. The foregoing provisions shall not be deemed to grant Lender the right to apply any payments by Borrower under the Loan Documents, any Rents or other proceeds of the Property, in each case, to any portion of the Debt prior to the date that such portion of the Debt is due and payable pursuant to the terms and conditions hereof and/or of the other Loan Documents. As used herein, the term “Reserve Agreement” shall mean that certain Reserve and Security Agreement, dated as of the date hereof, by and between Borrower and Lender, as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. Section 2.2.

Appears in 1 contract

Samples: Trust and Security Agreement

Debt and Obligations Secured. This Security Instrument and the grants, assignments and transfers made in Article 1 are given for the purpose of securing the followingpayment of the Debts and the performance of the Other Obligations, in such order of priority as each Lender may determine in its sole discretion (discretion. For purposes hereof, the “Debt”): (a) term "Debts" shall mean the payment aggregate of the indebtedness evidenced by the Note Debentures in favor of each Lender in lawful money of the United States of America; (b) the payment of , interest, prepayment premiums, default interest, late charges charges, prepayment premiums and other sums, as provided in the NoteDebentures, this Security Instrument or the Other Security other Loan Documents (defined below); (c) the payment of , all other moneys agreed or provided to be paid by Borrower in the NoteDebentures, this Security Instrument or the Other Security other Loan Documents (collectively sometimes referred to herein as the “Loan Documents”); (d) the payment of and all sums advanced by a Lender pursuant to this Security Instrument to protect and preserve the Property and the lien and the security interest created hereby; . For purposes hereof, the term "Other Obligations" shall mean the obligations of Borrower (eother than the obligation to repay the Debt) contained in this Security Instrument, the Debentures and the other Loan Documents (as hereinafter defined). For purposes hereof, (a) the term "Xxxxxxxx Loan Documents" shall mean the Xxxxxxxx Debenture, this Security Instrument and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of all sums reasonably advanced and costs and expenses reasonably incurred (including unpaid the Xxxxxxxx Debenture or unreimbursed servicing and special servicing fees) which have otherwise been executed or are hereafter executed by Lender Borrower and/or any other person or entity in connection with the Debt or any part thereof, any renewal, extension, or change of or substitution for loan evidenced by the Debt or any part thereof, or the acquisition or perfection of the security therefor, whether made or incurred at the request of Borrower or Lender. This Security Instrument Xxxxxxxx Debenture and the grants, assignments and transfers made in Article 1 are also given for the purpose of securing the performance of all other obligations of Borrower contained herein and the performance of each obligation of Borrower contained in any renewal, extension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part of thereof, (b) the term "Halifax Loan Documents" shall mean the Halifax Debenture, this Security InstrumentInstrument and any other documents or instruments which now or shall hereafter wholly or partially secure or guarantee payment of the Halifax Debenture or which have otherwise been executed or are hereafter executed by Borrower and/or any other person or entity in connection with the loan evidenced by the Halifax Debenture and any renewal, the Noteextension, amendment, modification, consolidation, change of, or substitution or replacement for, all or any part thereof and (c) the Other Security term "Loan Documents" shall mean the Xxxxxxxx Loan Documents (collectively, and the “Other Obligations”)Halifax Loan Documents. Borrower’s 's obligations for the payment of the Debt Debts and the performance of the Other Obligations shall be referred to collectively herein below as the "Obligations." All the covenants, conditions and agreements contained in the Debentures and the other Loan Documents are hereby made a part of this Security Instrument to the same extent and with the same force as if fully set forth herein.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ramtron International Corp)

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