Common use of Maximum Principal Sum Clause in Contracts

Maximum Principal Sum. The Obligations are to be secured by other mortgages and deeds of trust on other real estate in other counties and other states. Each and all of such mortgages and deeds of trust are intended to and shall constitute security for the entire Obligations represented by the Obligations without allocation. Notwithstanding anything herein to the contrary, it is agreed that the maximum amount of Obligations secured by this Mortgage, including all advancements, at any one time shall not exceed $500,000,000.

Appears in 2 contracts

Sources: Open Ended Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Central Illinois Public Service Co), Open Ended Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Central Illinois Public Service Co)

Maximum Principal Sum. The Obligations are to be secured by other mortgages and deeds of trust on other real estate in other counties and other states. Each and all of such mortgages and deeds of trust are intended to and shall constitute security for the entire Obligations Indebtedness represented by the Obligations without allocation. Notwithstanding anything herein to the contrary, it is agreed that the maximum amount of Obligations Indebtedness secured by this Mortgage, including all advancements, at any one time shall not exceed $500,000,000[1,900,000,000] plus interest and protective advances. NTD: To discuss.

Appears in 1 contract

Sources: Credit Agreement

Maximum Principal Sum. The Obligations are to be secured by other mortgages and deeds of trust on other real estate in other counties and other states. Each and all of such mortgages and deeds of trust are intended to and shall constitute security for the entire Obligations represented by the Obligations without allocation. Notwithstanding anything herein to the contrary, it is agreed that the maximum amount of Obligations indebtedness secured by this Mortgage, including all advancements, at any one time shall not exceed $500,000,000[1,840,000,000.00] plus interest and protective advances.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Foresight Energy LP)