Examples of Ancillary Security Documents in a sentence
Ancillary Security Documents shall mean all documents, instruments, environmental reports, agreements, endorsements, policies and certificates requested by the Agent and customarily delivered by any property owner in connection with a mortgage financing.
Without limiting the generality of the foregoing, examples of Ancillary Security Documents would include insurance policies or certificates regarding any collateral, title insurance policies, appraisals, lien searches, estoppel letters, flood insurance certifications, environmental audits which shall meet the Agent’s minimum requirements for phase I environmental assessments or phase II environmental assessments, as applicable, opinions of counsel, and the like.
Ancillary Security Documents shall mean all documents, instruments, environmental reports, agreements, endorsements, policies and certificates requested by the Administrative Agent and customarily delivered by any property owner in connection with a mortgage financing.
Without limiting the generality of the foregoing, examples of Ancillary Security Documents would include insurance policies (other than title insurance) or certificates regarding any collateral, lien searches, estoppel letters, flood insurance certifications, environmental audits which shall meet the Agent’s minimum requirements for phase I environmental assessments or phase II environmental assessments, as applicable, opinions of counsel and the like.
Without limiting the generality of the foregoing, examples of Ancillary Security Documents would include insurance policies (other than title insurance) or certificates regarding any collateral, lien searches, estoppel letters, flood insurance certifications, environmental audits which shall meet the Administrative Agent’s minimum requirements for phase I environmental assessments or phase II environmental assessments, as applicable, opinions of counsel and the like.
The Loan Parties, the Lenders and the Agent agree that without any further action on the part of any of them, upon execution and/or delivery, the Security Documents and the Ancillary Security Documents shall become Loan Documents and the assets that are subject to the Security Documents shall become collateral for the Obligations.
Assignor hereby represents and warrants to Assignee that: (i) Assignor is the legal and equitable owner of Assignor's right, title and interest in and to the Note and all other Ancillary Security Documents; and (ii) Assignor has not sold, transferred or assigned the Note or any of the other Ancillary Security Documents, or any portion thereof.
In furtherance of the foregoing, the Loan Parties shall diligently cooperate with and assist, at their own expense, the Agent in procuring any and all Ancillary Security Documents.
Chapter 7Assignment of Note Ancillary Security Documents; Allonges; Recorded Deed of Trust/Security Agreement/Fixture Filing/Assignments of Lease and Rents; Omnibus Assignments; Assignment of Deed of Trust/Security Agreement/Fixture Filing/Assignment of Assignment of Lease and Rents: Plaintiffs assert that these documents provide the basis of liability of Broadway/Workman to Wells Fargo and provide information regarding the nature and substance of Broadway/Workman’s default.
This Agreement, the Guaranty Agreement and the Security Documents and such Ancillary Security Documents as are appropriate at such time, shall have been duly executed and delivered to the Agent for the benefit of the Lenders, together with all appropriate financing statements.