First Deed definition
Examples of First Deed in a sentence
A certificate from an insurance company indicating that the Borrower is covered by general liability and worker's compensation insurance shall be approved by the City and as required by the First Deed of Trust Lender and equity investor.
On 4 February 2015, the Parties and the Company executed a deed of amendment and acknowledgement (the First Deed of Amendment) to amend the SHA on the terms set out therein.
Any Claim, if the First Deed of Trust allows for future advances, after the date the loan was consummated.
Such Note shall be secured by a first lien on the Property using a First Deed of Trust.
The terms and provisions of the First Deed of Trust are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith.
Notwithstanding the foregoing or anything to the contrary contained herein, the entire amount of such proceeds, awards or compensation shall be applied as provided in the First Priority Documents until the indebtedness secured by the First Deed of Trust has been repaid in full or the lien of the First Deed of Trust has been released by the First Beneficiary.
Each Party shall bear its own costs and expenses in connection with the transactions contemplated by the Transaction Documents, including, without limitation, the fees of external legal, tax and any other advisors (save that the Buyer shall bear the legal fees and expenses incurred by the Seller in connection with the preparation, negotiation and execution of the First Deed of Amendment and Restatement in an amount of £1,700 (excluding any applicable VAT)).
All amounts advanced by the Senior Lien Holder to cure a default hereunder shall be deemed advanced by the Senior Lien Holder and shall be secured by the First Deed of Trust.
Except for the lien of the First Deed of Trust, if Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien.
The Lender consents to any agreement or arrangement in which the Senior Lien Holder waives, postpones, extends, reduces or modifies any provisions of the First Deed of Trust Loan Documents, including any provisions requiring the payment of money.