Security for the Loans. The Loans are secured by, among other things, the Security Instruments.
Security for the Loans. Each Loan shall be secured by (a) the applicable Mortgage Loans as well as the real property securing such Mortgage Loans as more particularly described in the applicable Mortgage Loan Assignment Agreement, (b) the other applicable Collateral Documents and (c) the applicable security interests and Liens granted in this Agreement and in the other Loan Documents with respect to such Loan.
Security for the Loans. 2.4.1 Concurrently with the execution and delivery of the Restated Agreement, the Company granted a valid and perfected first priority security interest to the Bank in the Company's Collateral, pursuant to a security agreement, dated as of even date therewith, which security agreement was amended and restated concurrently with the execution and delivery of the Second Restated Agreement and is concurrently being amended and restated in the form annexed as Exhibit C-1 (the "Company's Security Agreement").
Security for the Loans. As security for the Loans and for all amounts payable hereunder and under the Note, as well as for all other existing and future liabilities, whether absolute or contingent, due or to become due, of the Dealer to Bank, the Bank shall have a valid, perfected first lien on and security interest in the following collateral ("Collateral"):
Security for the Loans. As security for the repayment of the Issuer Loan Obligations, the Issuer hereby assigns to the Lender all of its right, title and interest in this Loan Agreement except for Reserved Issuer Rights, including the Issuer’s rights to receive Payments with respect to the Borrower Loans (and hereby directs the Borrower to make such Payments directly to, or at the direction of, the Lender), to collect the Payments and any other payments due to the Issuer hereunder the receipt of which is not part of Reserved Issuer Rights, and to xxx in any court for such Payments or other payments, to exercise all rights hereunder with respect to the Project, and to withdraw or settle any claims, suits or proceedings pertaining to or arising out of this Loan Agreement and any Borrower Loans upon any terms (other than any claims related to Reserved Issuer Rights). Such assignment by the Issuer to the Lender shall be an absolute assignment without recourse to the Issuer. Such Payments and other payments the receipt of which is not part of Reserved Issuer Rights shall be made by the Borrower directly to the Lender, as the Issuer’s assignee, without the requirement of notice or demand, at the address provided in Section 12.04, or such other place as the Lender may from time to time designate in writing, and shall be credited against the Issuer’s payment obligations under the related Issuer Loan Obligations. No provision, covenant or agreement contained in this Loan Agreement or any obligation herein or therein imposed on the Issuer, or the breach thereof, shall constitute or give rise to or impose upon the Issuer a pecuniary liability, a charge upon its general credit or a pledge of its revenues. In making the agreements, provisions and covenants set forth in this Loan Agreement, the Issuer has not obligated itself except with respect to the application of the Payments to be paid by the Borrower hereunder and thereunder. All amounts required to be paid by the Borrower hereunder shall be paid in lawful money of the United States of America in immediately available funds. No recourse shall be had by the Lender or the Borrower for any claim based on this Loan Agreement against any director, officer, employee or agent of the Issuer alleging personal liability on the part of such person. To further secure its Obligations and to perform and observe the covenants and agreements contained herein and in Borrower Documents, Borrower hereby pledges to and grants to the Issuer, and the Issuer h...
Security for the Loans. The repayment of the Loans, the satisfaction of the Obligations, and the full, complete and absolute performance by the Borrower of each of the terms and conditions of the Loan Documents and all other Obligations, direct or indirect, owing to the Bank shall be secured by, and the Borrower hereby grants to the Bank a continuing security interest in, the following:
Security for the Loans. (a) The Notes shall be secured by the Security Documents.
Security for the Loans. The Loans and other indebtedness of the Borrower owing to the Lender under this Agreement and the other Loan Documents shall be secured by a first priority Lien on the Collateral pursuant to the Pledge and Security Agreement.
Security for the Loans. The Loans and all other amounts outstanding under this Agreement shall be secured by the following security:
Security for the Loans. Each Loan shall constitute one general obligation of the applicable Borrower to Lender and each Borrower's obligations hereunder and under the other Loan Documents shall be secured by the applicable (a) Mortgage, (b) Security Agreement, (c) other Collateral Documents and (d) the security interests and Liens granted in this Agreement and in the other Loan Documents with respect to such Loan. Each Loan shall be cross-collateralized with each other Loan made pursuant to this Agreement and any Default or Event of Default under one of the Loans shall constitute a Default or Event of Default of all the Loans.
