Prior Deeds definition
Examples of Prior Deeds in a sentence
Effective as of the date of this Agreement, Lender shall release each of the Prior Deeds of Trust, and Borrower shall execute and deliver to McElmo Dome Nominee, L.L.C., as nominee and agent for Lender and other lenders to the Company as described therein, a deed of trust (the “2008 Nominee Deed of Trust”), covering Borrower’s working and overriding royalty interests in the McElmo Dome Unit in Montezuma and ▇▇▇▇▇▇▇ Counties of Colorado (the “Interests”).
Prior to the date of this Agreement, the Loan has been secured by the Prior Deeds of Trust (as defined in the 2008 Nominee Deed of Trust described below).
Unitrust, ▇▇▇▇▇▇▇▇▇ and Nominee each hereby releases each of the Prior Deeds of Trust and directs the public trustee(s) to execute and file such documentation as may be necessary or appropriate to evidence such release in the applicable public records, and agrees to execute such additional releases, requests for action by the public trustee, and other documents as may be reasonably requested by the Company to evidence the release of the Prior Deeds of Trust.
Mortgagor and Mortgagee acknowledge that this Mortgage amends, restates and consolidates the Prior Deeds of Trust, and all liens, claims, rights, titles, interests and benefits created and granted by the Prior Deeds of Trust shall continue to exist, remain valid and subsisting, shall not be impaired or released hereby, shall remain in full force and effect and are hereby renewed, extended, carried forward and conveyed as security for the Indebtedness.