City Deed of Trust definition

City Deed of Trust means that certain deed of trust executed by Developer, as "Trustor," in favor of City, as "Beneficiary," securing Developer's repayment under the City Note.

City Deed of Trust has the meaning set forth in Paragraph D of the Recitals.

City Deed of Trust has the meaning set forth in Paragraph L of the

Examples of City Deed of Trust in a sentence

• Notwithstanding any other provision hereof, the provisions of this Agreement and the City Deed of Trust shall be subordinate to the lien of the First Lender Deed of Trust and shall not impair the rights of the First Lender, or such lender's assignee or successor in interest, to exercise its remedies under the First Lender Deed of Trust in the event of default under the First Lender Deed of Trust by the Owner.

• The Owner acknowledges that the City shall have no obligation to cause reconveyance of this Agreement or of the City Deed of Trust until the Excess Sales Proceeds are paid to the City.

• The Senior Lender Deed of Trust will be recorded against the Property in the first lien position, before the City Deed of Trust, as provided below.

• The Principal Amount of this Note, together with the Appreciation as defined in Section 6 below, shall be due and payable in full upon an acceleration by Lender of this Note in the event of a default hereunder or under the City Deed of Trust.

• Additional insurance requirements are set forth in Section 5 of the City Deed of Trust.

More Definitions of City Deed of Trust

City Deed of Trust means the First Deed of Trust, Security Agreement and Fixture Filing (with Assignment of Rents) executed by Xxxxxxxx in favor of City and dated on or about the date hereof, which secures this Note and the City Loan evidenced hereby. The City Deed of Trust shall include covenants burdening the Property and running with the land binding Borrower and its successors and assigns to the performance of all obligations of Borrower set forth in the PSA, the Settlement Agreement and the City Loan Agreement.

City Deed of Trust means the Deed of Trust with Assignment of Rents given for the benefit of the Vallejo Housing Authority in connection with the City Loan (as modified by the Modification of Deed of Trust between the Borrower and the Vallejo Housing Authority).

City Deed of Trust means the deed of trust that will encumber the Developer's fee interest in the Property to secure repayment of the City Note, substantially in the form attached hereto as Exhibit F.

City Deed of Trust means that certain deed of trust dated as of the date hereof, executed by Borrower as Trustor for the benefit of the City and recorded against the Property to secure repayment of this Note and performance under the Property Restriction Agreement, as such deed of trust may be amended, modified or supplemented from time to time.

City Deed of Trust means the deed of trust executed by Owner in favor of City securing Owner’s obligations under the City Note.

City Deed of Trust shall have the meaning ascribed thereto in the seventh recital to this Loan Agreement. “City Loan” shall have the meaning ascribed thereto in the seventh recital to this Loan Agreement.

City Deed of Trust means the Deed of Trust, Security Agreement and Fixture Filing securing the City Loan, in substantially the form attached hereto as Attachment No. 7, to be dated as of the Closing Date, executed by Borrower in favor of the City and recorded on the Closing Date.