Satisfaction of Deed of Trust Sample Clauses

Satisfaction of Deed of Trust. Upon full payment and performance of all the Obligations Secured, or upon satisfaction of the conditions set forth in the Loan Agreement for release of the Mortgaged Property from this Deed of Trust, then the Agent shall, promptly upon request of the Grantor, request the Trustee to reconvey the Mortgaged Property and shall surrender this Deed of Trust and evidence of satisfaction of the Obligations Secured to the Trustee. Trustee shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
Satisfaction of Deed of Trust. Upon full payment and performance of all the Obligations Secured, or upon satisfaction of the conditions set forth in the Term Loan Intercreditor Agreement for release of the Mortgaged Property from this Deed of Trust, then the Pari Passu Agent shall, promptly upon request of the Grantor, request the Trustee to reconvey the Mortgaged Property and shall surrender this Deed of Trust and evidence of satisfaction of the Obligations Secured to the Trustee. Trustee shall reconvey the Mortgaged Property without warranty to the person or persons legally entitled thereto.
Sample 1Sample 2Sample 3See All (10)
Satisfaction of Deed of Trust. Upon payment of the Debt in full or upon satisfaction of the conditions to release of the Mortgaged Property from the Lien hereof pursuant to a partial defeasance in accordance with the terms of the Note and Section 11.4 of the Loan Agreement, Beneficiary, at Trustor's sole cost and upon Trustor's request, shall execute and deliver to Trustor a satisfaction or reconveyance of this Deed of Trust, duly acknowledged and in recordable form, UCC-3 financing statements terminating any UCC-1 financing statements filed by Beneficiary relating to the Mortgaged Property, and such other documents or instruments as may be required to release the Lien of the Loan Documents from the Mortgaged Property.
Sample 1Sample 2Sample 3See All (6)
Satisfaction of Deed of Trust. Upon full payment of all the Obligations, at the time and in the manner provided in the Loan Agreement, upon expiration of the Lease by passage of time, this conveyance or lien shall be null and void and, upon demand therefor following such payment, or expiration of the Lease by passage of time, as the case may be, a satisfaction of this Deed of Trust or reconveyance of the Mortgaged Property shall promptly be provided by Beneficiary to Grantor.
Sample 1Sample 2
Satisfaction of Deed of Trust. This Deed of Trust and the Lender’s security interest under this Deed of Trust in the Real Property will not be terminated until a written mortgage satisfaction instrument executed by one of the Lender’s officers is filed for record in the county in which the Land is located. Except as otherwise expressly provided in this Deed of Trust, no satisfaction of this Deed of Trust shall in any way affect or impair the representations, warranties, agreements or other obligations of the Borrower or the powers, rights and remedies of the Lender under this Deed of Trust with respect to any transaction or event occurring prior to such satisfaction, all of which shall survive such satisfaction.
Sample 1
Satisfaction of Deed of Trust. Upon full payment of all the Liabilities, at the time and in the manner provided in the Loan Agreement or upon satisfaction of the conditions set forth in the Loan Agreement for release of the Mortgaged Property from this Deed of Trust, this conveyance or lien shall be null and void and, upon demand therefor following such payment or satisfaction of the conditions set forth in the Loan Agreement for release of the Mortgaged Property, as the case may be, a satisfaction of mortgage or reconveyance of the Mortgaged Property shall promptly be provided by Beneficiary to Grantor.
Sample 1
Satisfaction of Deed of Trust. Whenever Grantor shall pay or cause to be paid the entire principal, interest and premium, if any, due and to become due upon the Guaranty, and shall have performed and observed all of the terms, covenants, and conditions by it to be performed or observed under the Guaranty, this Deed of Trust, and all other agreements now or at any time hereafter existing between Grantor and Beneficiary, then and in such event the Premises shall revert to Grantor; and Beneficiary or Trustee (at Beneficiary"s direction) shall forthwith execute and deliver to Grantor an appropriate instrument of release, satisfaction and discharge.
Sample 1
AutoNDA by SimpleDocs
Satisfaction of Deed of Trust. If the City and the Corporation comply with the provisions of this Deed of Trust and the City and the Corporation pay to the Beneficiary all sums, and performs all obligations, secured hereby in accordance with the terms of and at the times provided in the Note Documents, without deduction, fraud or delay, then this Deed of Trust and the estate and security interest hereby granted and created shall cease, terminate and become void, and the powers of attorney granted hereunder to the Deed Trustee by the Corporation shall be deemed to be canceled or terminated, and the Beneficiary and the Deed Trustee shall execute and deliver such deeds of reconveyance, mortgage satisfactions, termination statements and other documents as the City and the Corporation may reasonably request to evidence the same.
Sample 1

Related to Satisfaction of Deed of Trust

  • Deed of Trust If the related Mortgage is a deed of trust, a trustee, duly qualified under applicable law to serve as such, is properly designated and serving under such Mortgage.

  • Mortgages; Deeds of Trust The Company has provided to the Sales Agent true and complete copies of all credit agreements, mortgages, deeds of trust, guaranties, side letters, and other material documents evidencing, securing or otherwise relating to any secured or unsecured indebtedness of the Company or any of its subsidiaries, and none of the Company and its subsidiaries that is party to any such document is in default thereunder, nor has an event occurred which with the passage of time or the giving of notice, or both, would become a default by any of them under any such document.

  • Mortgages and Deeds of Trust The notes secured by the mortgages and deeds of trust encumbering the Portfolio Properties (except with respect to each property described in the Prospectus as held by the Company through a joint venture) are not convertible, except where the conversion of such notes would not have a Material Adverse Effect, and said mortgages and deeds of trust are not cross-defaulted or cross-collateralized to any property that is not a Portfolio Property, except where such cross-default or cross-collateralization, if triggered, would not have a Material Adverse Effect.

  • Trustee under Deed of Trust With respect to each Mortgage which is a deed of trust, as of the date of origination and, to the Mortgage Loan Seller’s knowledge, as of the Closing Date, a trustee, duly qualified under applicable law to serve as such, currently so serves and is named in the deed of trust or has been substituted in accordance with the Mortgage and applicable law or may be substituted in accordance with the Mortgage and applicable law by the related Mortgagee.

  • Subordination of Debentures 51 Section 16.1 Agreement to Subordinate.............................................................51 Section 16.2 Default on Senior Debt, Subordinated Debt or Additional Senior Obligations...........51 Section 16.3

  • Acceptance of Terms of Trust Agreement, Guarantee and Indenture THE RECEIPT AND ACCEPTANCE OF A TRUST SECURITY OR ANY INTEREST THEREIN BY OR ON BEHALF OF A SECURITYHOLDER OR ANY BENEFICIAL OWNER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY THE SECURITYHOLDER AND ALL OTHERS HAVING A BENEFICIAL INTEREST IN SUCH TRUST SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT AND AGREEMENT TO THE SUBORDINATION PROVISIONS AND OTHER TERMS OF THE GUARANTEE AND THE INDENTURE, AND SHALL CONSTITUTE THE AGREEMENT OF THE TRUST, SUCH SECURITYHOLDER AND SUCH OTHERS THAT THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE TRUST AND SUCH SECURITYHOLDER AND SUCH OTHERS.

  • Agreement and Declaration of Trust These By-Laws shall be subject to the Agreement and Declaration of Trust, as from time to time in effect (the "Declaration of Trust"), of the above-captioned Massachusetts business trust established by the Declaration of Trust (the "Trust").

  • Modification of Covenant If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

  • Subordination of Debt Until senior debt has been paid in full, Debtor will not pay and Creditor will not accept any payment on subordinated debt at any time that an Event of Default (as defined in the Senior Facility Agreement) has occurred and is continuing in respect of senior debt. Anything of value received by Creditor on account of subordinated debt in violation of this agreement will be held by Creditor in trust and immediately will be turned over to Lender in the form received to be applied by Lender on senior debt.

Time is Money Join Law Insider Premium to draft better contracts faster.