Maximum Principal Indebtedness Sample Clauses

Maximum Principal Indebtedness. Notwithstanding anything to the ------------------------------ contrary contained herein, the maximum amount of principal indebtedness secured by this Deed of Trust at the time of execution or which under any contingency may hereafter become secured hereby at any time is the Original Principal Loan Amount specified on Schedule 1 attached hereto, provided, however, that such limitation shall not limit the security of this Deed of Trust with respect to (i) all interest due under the Note or any of the other Loan Documents, (ii) sums to pay Taxes (as defined in the Loan Agreement), (iii) sums to pay insurance premiums, (iv) expenses incurred in upholding or enforcing the lien of this Deed of Trust, including without limitation, the expenses of any litigation to prosecute or defend the rights and lien created by this Deed of Trust and (v) any other amount secured by this Deed of Trust which if not limited by such limitations would not increase the amount of mortgage recording taxes, if any, payable with respect to this Deed of Trust.
AutoNDA by SimpleDocs
Maximum Principal Indebtedness. This Mortgage secures the unpaid balance of loan advances which may be made after this Mortgage is filed for record. The maximum amount of the unpaid principal balance of all loan advances (in the aggregate and exclusive of interest thereon and other advances made for the payment of taxes, insurance, or for protection of the Mortgaged Property) which may be outstanding at any time is $85,000,000.00. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of taxes, assessments, insurance premiums, and costs incurred for maintaining the Improvements on, or for the protection of, the Mortgaged Property.
Maximum Principal Indebtedness. Notwithstanding anything to the contrary contained herein, the maximum amount of principal indebtedness secured by the Mortgage or which under any contingency may be secured by the Mortgage is $15,850,000.
Maximum Principal Indebtedness. At no time shall the principal amount of the obligations secured hereby or advanced, paid and readvanced at any time in the future under any contingency exceed $[70,000,000.00] for the various credit facilities, $[25,000,000.00] for the various interest rate, commodity, currency hedging and swap transactions, and $[7,500,000.00] for the various treasury and cash management services.
Maximum Principal Indebtedness. Notwithstanding anything else in the Mortgage to the contrary, the maximum amount of principal debt secured by this Mortgage, not including funds disbursed to protect the security of the Mortgage, shall not exceed at any one time $8,116,841.
Maximum Principal Indebtedness. Notwithstanding anything to the contrary contained herein, the maximum amount of principal indebtedness secured by the Security Instrument or which under any contingency may be secured by the Security Instrument is $82,000,000.00.
Maximum Principal Indebtedness. Notwithstanding anything to the contrary contained herein, the maximum amount of the Indebtedness secured by this A&R Mortgage at the time of execution hereof or which under any contingency may become secured by this A&R Mortgage at any time hereafter is as follows: (A) the principal amount of $103,000,000.00, plus (B) any advances made by Mortgagee to protect or preserve the Property, any part thereof or the interests of Mortgagor therein (including, but not limited to, (I) the reasonable expenses of any litigation to prosecute or defend the rights and lien created by this A&R Mortgage and (II) any amount, cost or charges to which this A&R Mortgage becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority) or any advances made for payment of taxes on the Property, or premiums on insurance with respect to any or all of the Property. The foregoing limitation on the Indebtedness secured hereby shall not, in any manner, limit or waive any of Mortgagee’s rights and remedies under the other Loan Documents nor limit the amount of any obligations, liabilities or indebtedness secured by any of the other Loan Documents or other collateral granted thereunder, nor affect the priority thereof.
AutoNDA by SimpleDocs
Maximum Principal Indebtedness. The parties hereto intend that this Mortgage shall secure unpaid balances of the indebtedness secured hereby whether incurred by Mortgagor at the date hereof or after this Mortgage is delivered for recordation in the official records of the county in which the Mortgaged Property is located. The maximum principal amount of the indebtedness which is or under any contingency may be secured at the date of execution hereof or at any time thereafter by this Mortgage is $78,245,641.77.
Maximum Principal Indebtedness. The amount of principal indebtedness this Mortgage secures against the Properties located in the State of New York and, for purposes of Sections 253, 256 and 260 of the Tax Law of the State of New York (relating to the taxation of mortgages), the maximum amount of the principal indebtedness secured by this Mortgage, or which by any contingency may be secured by this Mortgage, and for which this Mortgage may be foreclosed or otherwise enforced against, the Properties located in the State of New York, is $54,709,500.00 principal amount, and Out-of-Pocket Costs.
Maximum Principal Indebtedness. The amount of principal indebtedness this Mortgage secures against Property located in the State of Florida and, for purposes of the Tax Law of the State of Florida (relating to taxation of mortgages), the maximum amount of the principal amount of the principal indebtedness secured by this Mortgage, or which by any contingency may be secured by this Mortgage, and for which this Mortgage may be foreclosed or otherwise enforced against the Property located in the State of Florida, is the $1,551,800 principal amount of this Mortgage. 54. As to Property in Georgia. With respect to such of the Mortgaged Property as is located in the State of Georgia (the "Georgia Property"):
Time is Money Join Law Insider Premium to draft better contracts faster.