Lien amount definition
Examples of Lien amount in a sentence
Any amounts owed by Borrower to Lender in excess of the Third Party Lender Lien amount stated in the Authorization cannot be secured by a lien on the Common Collateral unless it is subordinate to the 504 Loan.
If at any time this Mortgage shall secure less than all of the principal amount of the Secured Obligations, it is expressly agreed that any repayments of the principal amount of the Secured Obligations shall not reduce the amount of the Lien of this Mortgage until the Lien amount shall equal the principal amount of the Secured Obligations outstanding.
If at any time this Deed of Trust shall secure less than all of the principal amount of the Secured Obligations, it is expressly agreed that any repayments of the principal amount of the Secured Obligations shall not reduce the amount of the Lien of this Deed of Trust until the Lien amount shall equal the principal amount of the Secured Obligations outstanding.
The Lien will reduce the total amount payable to the SFIIP Homebuyer upon resale by the Lien amount if the SFHP Home is sold or transferred during the Lien term.
In the event of a foreclosure on the Senior Lien the City hereby agrees to accept a note for any deficiency in the Lien amount and to forgive, release and forgo collection upon the Lien.
If Operator fails to remit 1st Quarter TOTs and TBIDs within the time required by this Agreement, then penalties and interest shall accrue, in accordance with BBLMC section 3.20.100, from the date the tax becomes delinquent according to Section 1.4 of this Agreement, which shall be incorporated into the Lien amount.
Funds may be disbursed from the Escrow Account from time to time by or on behalf of the Capital Provider to the Property Owner for payment of taxes and the Assessment Lien then due or, at the Capital Provider’s sole election, disbursed from time to time directly to the County for payment on behalf of the Property Owner for payment of taxes and/or the Assessment Lien amount as and when such Property taxes and assessments are due.
The purchase price of the SFHP Home and/or SFHP Lot under the Right of First Refusal shall be equal to the appraised price at the time of sale less the Lien amount.
The Lien amount shall be calculated after construction of the SFI-IP Home but prior to purchase by the SFHP Homebuyer.
The Borrower and the Lenders have agreed to amend the Credit Agreement to (i) allow the Borrower to increase the number of different Interest Periods which may be in effect at one time, (ii) increase the Capital Expenditure Limit for fiscal year 1997, (iii) decrease the Minimum Net Income covenant for fiscal year 1997 and (iv) increase the permitted Lien amount.