Common use of Deeds of Trust Clause in Contracts

Deeds of Trust. In the event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under the terms of a Deed of Trust and the terms thereof are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such Deed of Trust shall control in the case of Fixtures and real estate leases, letting and licenses of, and contracts and agreements relating to the lease of, real property, and the terms of this Agreement shall control in the case of all other Collateral.

Appears in 5 contracts

Samples: Security Agreement (Everi Holdings Inc.), Security Agreement (Everi Holdings Inc.), Security Agreement (Global Cash Access Holdings, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.