Maximum Secured Amount Sample Clauses

Maximum Secured Amount. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE MAXIMUM AMOUNT OF INDEBTEDNESS SECURED HEREUNDER AT EXECUTION OR WHICH UNDER ANY CONTINGENCY MAY BECOME SECURED HEREBY AT ANY TIME HEREAFTER IS THE PRINCIPAL SUM OF $159,000,000.00 PLUS INTEREST THEREON, PLUS AMOUNTS EXPENDED BY MORTGAGEE AND LENDERS AFTER A DECLARATION OF DEFAULT HEREUNDER TO MAINTAIN THE LIEN OF THIS SECURITY INSTRUMENT OR TO PROTECT THE PROPERTY SECURED BY THIS SECURITY INSTRUMENT, INCLUDING, WITHOUT LIMITATION, AMOUNTS IN RESPECT OF INSURANCE PREMIUMS, REAL ESTATE TAXES, LITIGATION EXPENSES TO PROSECUTE OR DEFEND THE RIGHTS, REMEDIES AND LIEN OF THIS SECURITY INSTRUMENT OR TITLE TO THE PROPERTY SECURED HEREBY, AND ANY COSTS, CHARGES OR AMOUNTS TO WHICH MORTGAGEE OR LENDERS BECOME SUBROGATED UPON PAYMENT, WHETHER UNDER RECOGNIZED PRINCIPLES OF LAW OR EQUITY OR UNDER EXPRESS STATUTORY AUTHORITY, TOGETHER WITH INTEREST ON ALL THE FOREGOING AMOUNTS. ACCORDINGLY, THIS SECURITY INSTRUMENT MAY NOT SECURE CERTAIN ELEMENTS OF THE INDEBTEDNESS OWING OR WHICH MAY BECOME OWING BY MORTGAGOR TO LENDERS, AND THE PARTIES HERETO AGREE THAT ANY PAYMENTS OR REPAYMENTS OF SUCH INDEBTEDNESS BY MORTGAGORS SHALL AND BE DEEMED TO BE APPLIED (WITHOUT PAYMENT OF SPREAD MAINTENANCE PREMIUM) FIRST TO THE PORTION OF THE INDEBTEDNESS THAT IS NOT SECURED HEREBY, IT BEING THE PARTIES’ INTENT THAT THE PORTION OF THE INDEBTEDNESS LAST REMAINING UNPAID SHALL BE SECURED HEREBY.
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Maximum Secured Amount. Pursuant to Kentucky Revised Statutes (“KRS”) 382.520, this Mortgage shall secure the payment of the Secured Debt in the original amount of $100,000,000, plus an additional amount up to $100,000,000, plus accrued interest and costs and fees.
Maximum Secured Amount. THE SECURED OBLIGATIONS SECURED BY THE MORTGAGED PROPERTY SHALL NOT AT ANY ONE TIME EXCEED THE AGGREGATE MAXIMUM AMOUNT OF $10,000,000, WHICH SHALL CONSTITUTE THE MAXIMUM AMOUNT AT ANY TIME SECURED HEREBY. THIS STATEMENT OF THE MAXIMUM AMOUNT SECURED BY THE LIEN OF THIS MORTGAGE IS MADE TO COMPLY WITH XXXX 0000, § 48-7-9, AS AMENDED FROM TIME TO TIME, AND AT ANY TIME AND IT SHALL NOT IN ANY WAY IMPLY THAT MORTGAGEE IS OBLIGATED TO MAKE ANY FUTURE ADVANCES TO MORTGAGOR. THE MAXIMUM AMOUNT SECURED BY THE LIEN OF THIS MORTGAGE FOR THE PURPOSES OF XXXX 0000, § 48-7-9 MAY BE ADVANCED AND REPAID IN WHOLE OR IN PART AND AGAIN ADVANCED FROM TIME TO TIME, SOLELY AS PERMITTED IN THE SOLE AND ABSOLUTE DISCRETION OF MORTGAGEE. THIS STATEMENT OF THE MAXIMUM AMOUNT SECURED LIMITS, AS PROVIDED IN XXXX 0000, § 48-7-9, AS AMENDED FROM TIME TO TIME, ONLY THE TOTAL AMOUNT THAT MAY BE, AT ANY ONE TIME, OUTSTANDING AND SECURED ON THE PROVISIONS IN THIS MORTGAGE.
Maximum Secured Amount. This Mortgage covers not only -------------------------------------- the proceeds of the Loan, but all advances hereafter made by Mortgagee to or for the benefit of Mortgagors (the "Future Advances"), including, without limitation, any amounts advanced by Mortgagee in satisfying, on Mortgagors' behalf, any of Mortgagors' Obligations, and any advances made in accordance herewith by Mortgagee to protect its security, and any other advances by Mortgagee. The maximum amount secured hereby may be advanced and repaid, and again advanced and repaid from time to time, in Mortgagee' sole and absolute discretion, and this Mortgage shall become enforceable upon recording and shall have priority over all other parties whose rights arose after the recording hereof, with respect to all funds advanced by Mortgagee to Mortgagors, regardless of whether such funds were advanced before or after the arising of such other party's rights. Nothing herein shall be interpreted as requiring Mortgagee to make any Future Advances hereunder. The maximum principal amount secured by this Mortgage at any one time shall be $50,000,000.
Maximum Secured Amount. NOTWITHSTANDING ANY PROVISION HEREOF TO ---------------------- THE CONTRARY, THE OUTSTANDING INDEBTEDNESS SECURED BY PROPERTY LOCATED IN THE STATES OF LOUISIANA OR MONTANA SHALL NOT, AT ANY TIME OR FROM TIME TO TIME, EXCEED AN AGGREGATE MAXIMUM AMOUNT OF $600,000,000.
Maximum Secured Amount. It is the intention of the parties that the Liens granted pursuant to this Deed of Trust and the other Collateral Documents shall not contravene the limitations on Liens set forth in the Indentures, but insofar as such Liens are on Restricted Property (as defined in any of the Indentures) such Liens on Restricted Property will secure an amount of the Secured Obligations equal to the Maximum Secured Amount (as defined in Section 5.12(d) of the Credit Agreement).
Maximum Secured Amount. Notwithstanding anything contained herein to the contrary, with respect to this Mortgage on properties located in [ ], the maximum amount secured hereby (including Mortgagor’s obligation to reimburse Protective Advances) is $ . Notwithstanding any provision herein to the contrary, the amount secured by this Mortgage shall be limited as follows: .]
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Maximum Secured Amount. Notwithstanding any provision hereof to the contrary, the outstanding indebtedness secured by Property located in [Louisiana] shall not, at any time or from time to time, exceed an aggregate maximum amount of $[ ].
Maximum Secured Amount. The maximum amount secured by this Mortgage may decrease or increase from time to time, but shall never exceed twice the aggregate amount of the Note and each other instrument, agreement or obligation specifically described herein or in any rider attached to and recorded with this Mortgage, or otherwise incorporated herein by reference, including any of the foregoing which is incorporated into this Mortgage by a modification or similar document recorded subsequent to the date hereof. The maximum amount secured by this Mortgage shall not in any way imply that Mortgagee shall be obligated to advance any amount at any time. Advances of disbursements made by Mortgagee to protect the security, under the terms hereof, shall not be deemed to be optional advances.
Maximum Secured Amount. It is expressly understood and agreed ---------------------- that the total amount of the Secured Obligations secured hereby will in no event exceed Two Hundred percent (200%) of (i) the total face amounts of the Note; plus (ii) the total interest which may hereafter accrue under the Note on such face amount; plus (iii) any fees, costs or expenses which may be payable hereunder or under the Guarantee.
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