Collateral Deed definition
Examples of Collateral Deed in a sentence
PROVIDENCE HALL, a Utah non-profit corporation By: Its: U.S. BANK NATIONAL ASSOCIATION By: Its: The Authority hereby consents to this Amendment of Additional Collateral Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing.
Debtor shall not accelerate the maturity of the Collateral Note or take any Collection Action, including, but not limited to, causing the trustee under the Collateral Deed of Trust to post the Collateral Property for foreclosure, without the prior written consent of Secured Party, which consent may be withheld in Secured Party’s sole discretion.
The Head Lessee does not comply with any of its obligations under the Collateral Deed within the timeframe specified for compliance therein.
Debtor will not create, place, or permit to be created or placed, or through any act or failure to act, acquiesce in the placing of, or allow to remain any Subordinate Mortgage regardless of whether such Subordinate Mortgage is expressly subordinate to the liens or security interests of the Collateral Deed of Trust or other Collateral Loan Documents with respect to the Collateral Property (or any portion thereof).
As regards each director of AR and also any other person as clause 64 may allow and Exelsuper requires, AR procures each to give a Collateral Deed to Exelsuper.
About Collateral Deeds: A Collateral Deed does not prejudice any rights Exelsuper has against AR under this Agreement.
The Worker executes and delivers a Collateral Deed as Exelsuper may require.
The Guarantor agrees that, for the duration of the term of the Vessel Two Bareboat Charter, the rights and powers of the Security Agent in relation to the Guarantor’s interest in Vessel Two’s Insurances shall (mutatis mutandis) be the same as the rights and powers of the Security Agent under or pursuant to the Collateral Deed of Covenants in relation to the Insurances of Vessel Two.