Borrower Trust Deed definition

Borrower Trust Deed means the Term Loan Trust Deed, Assignment of Rents, Security Agreement and Fixture Filing dated the Closing Date and entered into by Borrower in connection with the Loan which encumbers the Property.
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Examples of Borrower Trust Deed in a sentence

  • Collections Account Control Agreement, (vii) Borrower Trust Deed Liens, (viii) any Margin Stock owned by any such Loan Party or any such Subsidiary to the extent that the value of Margin Stock so encumbered exceeds 25% of the value of all property and assets of such Loan Party or Subsidiary subject to this Section 7.01 and (ix) any Margin Stock owned by BidCo).

  • Collections Account Control Agreement, (vii) Borrower Trust Deed Liens and (viii) any Margin Stock to the extent that the value of Margin Stock so encumbered exceeds 33⅓% of the value of all other property, assets or revenue subject to this Section 7.01).

  • The Ground Lease and the Borrower Trust Deed shall constitute and create a valid second lien and third lien, respectively, upon the Collateral, free of any prior mechanic's liens or materialmen's liens or special assessments for work completed or under construction on or before the Closing Date, subject only to the Permitted Encumbrances.

  • The Title Policy shall insure that (a) the Ground Lessor Trust Deed is a valid first mortgage lien against the Property, (b) the Ground Lease is a valid second mortgage lien against the Property, (c) the Borrower Trust Deed is a valid third mortgage lien against the Property, and (d) that the Property is free and clear of all liens, encumbrances and other exceptions to title, except the Permitted Encumbrances.

  • Collections Account Control Agreement, (vii) Borrower Trust Deed Liens, (viii) any Margin Stock owned by any such Loan Party or any such Subsidiary to the extent that the value of Margin Stock so encumbered exceeds 25% of the value of all other property and assets of such Loan Party or Subsidiary subject to this Section 7.01 and (ix) any Margin Stock owned by BidCo).