Maximum Amount of Indebtedness Sample Clauses
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Maximum Amount of Indebtedness. Notwithstanding any provision to the contrary contained herein, the principal amount of Indebtedness secured hereby (excluding any amounts advanced by Mortgagee under Section 8.01 hereof) will never exceed $ (the “Maximum Amount”). Notwithstanding anything to the contrary contained herein: (i) the Maximum Amount will be deemed to be the first indebtedness to be advanced and the last indebtedness to be repaid; (ii) the security afforded by this Mortgage for the payment and/or performance of the Indebtedness will not be reduced by any payments or other sums applied to the reduction of the indebtedness so long as the total amount of outstanding principal indebtedness exceeds the Maximum Amount and thereafter will be reduced only to the extent that any such payments and other sums are actually applied by the Mortgagee, in accordance with the Note, any other Loan Document (as hereinafter defined), or any other instruments, documents or agreements executed in connection therewith, to reduce the outstanding principal of the Note or any other Loan Document to an amount less than the Maximum Amount; (iii) if at any time after the reduction of the outstanding principal balance of the Note or any other Loan Document to an amount less than the Maximum Amount, principal Indebtedness is subsequently incurred such that it increases the total outstanding principal indebtedness to an amount equal to or exceeding the Maximum Amount, the security afforded by this Mortgage will thereupon be increased to the Maximum Amount; and (iv) the limitation contained in this Section 2.02 on the Maximum Amount will only pertain to principal of the Note or any other Loan Document and will not be construed as limiting the amount of interest, fees, expenses, indemnified amounts and other Indebtedness secured hereby that are not principal of the Note or any other Loan Document, it being the intention of the parties to this Mortgage that this Mortgage will secure any principal of the Indebtedness remaining unpaid at the time of foreclosure up to the Maximum Amount, plus interest thereon, all costs of collection and all other amounts (except principal indebtedness under the Note or any other Loan Document in excess of the Maximum Amount) included in the Indebtedness. “Loan Documents” means the Note, this Mortgage, and all other documents or instruments now or hereafter executed by Mortgagor and/or others and by or in favor of Mortgagee, which describe the credit relationship among the part...
Maximum Amount of Indebtedness. The maximum aggregate amount of all indebtedness that is, or under any contingency may be secured at the date hereof or at any time hereafter by this Mortgage is $[ ]1 (the “Secured Amount”), plus, to the extent permitted by applicable law, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the lien hereof, expenses incurred by Mortgagee by reason of any default by Mortgagor under the terms hereof, together with interest thereon, all of which amount shall be secured hereby.
Maximum Amount of Indebtedness. Notwithstanding any provision to the contrary in this Instrument, the Note or any other Loan Document which permits any additional sums to be advanced on or after the date of this Instrument, whether as additional loans or for any payments authorized by this Instrument, the total amount of the principal component of the Indebtedness shall not at any time exceed three hundred percent (300%) of the original principal amount of the Note set forth on the first page of this Instrument.
Maximum Amount of Indebtedness. The maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage (including a Borrower’s obligation to reimburse advances made by any Lender following the occurrence and during the continuance of an Event of Default), either at execution or at any time thereafter, shall not exceed the Secured Loan Amount, plus, to the extent permissible under Applicable Law, amounts that Mortgagee expends after an Event of Default under this Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon any Mortgaged Property; (ii) premiums on insurance policies covering any Mortgaged Property; (iii) expenses incurred in upholding the Lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and Lien created by this Mortgage; or (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; then, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.
Maximum Amount of Indebtedness. The maximum aggregate amount of all indebtedness that is, or under any contingency may be secured at the date hereof or at any time hereafter by this Mortgage is $[ ]1 (the “Secured Amount”), plus, to the extent permitted by applicable law, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the lien hereof, expenses incurred by Mortgagee by reason of any default by ▇▇▇▇▇▇▇▇▇ under the terms hereof, together with interest thereon, all of which amount shall be secured hereby. 1 In a jurisdiction where the recording of this instrument would be subject to a tax, the amount secured shall be limited to the value of the real estate so encumbered, if such limitation shall reduce the tax owed.
Maximum Amount of Indebtedness. The maximum aggregate amount of all advances of principal under the Credit Agreement (which advances are obligatory to the extent the conditions set forth in the Credit Agreement relating thereto are satisfied) that may be outstanding hereunder at any time is $[ ], plus interest thereon, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the lien hereof, expenses incurred by the Mortgagee by reason of any default by the Mortgagor under the terms hereof, together with all other sums secured hereby.
Maximum Amount of Indebtedness. The maximum aggregate amount of the unpaid principal indebtedness secured hereby (exclusive of interest thereon, and advances for the payment of taxes, assessments, insurance premiums or costs incurred for the protection of the Mortgaged Property) that may be outstanding at any time is [•] and No/100 Dollars ($[•]) (the “Secured Amount”), plus, to the extent permitted by applicable law, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the Lien hereof, and expenses incurred by Mortgagee by reason of any default by Mortgagor under the terms hereof, together with interest thereon, all of which amount shall be secured hereby.
Maximum Amount of Indebtedness. The maximum aggregate amount of all indebtedness that is, or under any contingency may be secured at the date hereof or at any time hereafter by this Deed of Trust is One Billion Dollars ($1,000,000,000) (the “Secured Amount”), plus, to the extent permitted by applicable law, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the Lien hereof, and expenses incurred by each of Trustee and Beneficiary by reason of any default by Grantor under the terms hereof, together with interest thereon, all of which amount shall be secured hereby.
Maximum Amount of Indebtedness. Notwithstanding anything to the contrary in this Mortgage, the maximum aggregate principal amount of indebtedness that is, or under any contingency may be, secured by this Mortgage, either at execution or any time thereafter (the "SECURED AMOUNT"), is $65,000,000.00, plus amounts that Mortgagee expends under this Mortgage to the extent that any such amounts shall constitute payment of (i) taxes, charges or assessments that may be imposed by law upon the Mortgaged Property, (ii) premiums on insurance policies covering the Mortgaged Property; (iii) expenses incurred in upholding the lien of this Mortgage, including the expenses of any litigation to prosecute or defend the rights and lien created by this Mortgage; or (iv) any amount, cost or charge to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority; THEN, and in each such event, such amounts or costs, together with interest thereon, shall be added to the indebtedness secured hereby and shall be secured by this Mortgage.
Maximum Amount of Indebtedness. The maximum aggregate amount of all indebtedness that is, or under any contingency may be, secured at the date hereof or at any time hereafter by this Security Instrument is $[ ] (the “Secured Amount”), plus, to the extent permitted by Applicable Laws, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums and any other costs incurred to protect the security encumbered hereby or the lien hereof, and expenses incurred by the Grantee by reason of any Event of Default by the Grantor under the terms hereof, together with interest thereon, all of which amount shall be secured hereby.]