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Common use of Second Mortgage Clause in Contracts

Second Mortgage. The terms and conditions set forth herein and the security interest granted hereby shall be subject, in all respects, to the terms of the Intercreditor Agreement.

Appears in 3 contracts

Sources: Second Priority Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus, Inc.), Second Priority Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus Group Inc), Second Priority Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus Group Inc)

Related Clauses

  • Mortgage
  • Subordination to Mortgage
  • Deed of Trust
  • Leasehold Mortgage
  • Pledge, Mortgage or Charge

Parent Clauses

  • Representations, Warranties and Covenants of Mortgagor
  • Definitions
  • PROPERTY INCOME
  • COVENANTS AND REPRESENTATIONS OF THE BORROWER
  • CONDITIONS PRECEDENT TO DESIGNATION OF A COLLATERAL PROPERTY

Sub-Clauses

  • Second Mortgage
  • Subject to Intercreditor Agreement
  • Revised Guaranty
  • Amendment of Certain Terms
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