Common use of No Encumbrances Except for Development Purposes Clause in Contracts

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Developer's fee interest in the Property but only for the purpose of securing loans approved by the County pursuant to the approved Financing Plan. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County pursuant to the approved Financing Plan, or otherwise approved by the County, are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Affordable Developer's fee interest in the Property Affordable Development Parcel, but only for the purpose of securing loans approved by the County Commission pursuant to the approved Financing PlanPlans. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County Commission pursuant to the approved Financing Plan, or otherwise approved by the County, Plans are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Developer's fee leasehold interest in the Property but only for the purpose of securing loans approved by the County City pursuant to the approved Final Financing Plan as updated by the Closing Financing Plan. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County City pursuant to the approved Final Financing Plan, or otherwise approved Plan as updated by the County, Closing Financing Plan are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, prior to the City’s issuance of a Certificate of Completion, mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Developer's fee interest in the Property Property, but only for the purpose of securing loans approved by the County pursuant to City under the approved Financing Plan. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County pursuant to City under the approved Financing Plan, or otherwise approved by the County, Plan are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Developer's fee leasehold interest in the Residential Property but only for the purpose of securing loans approved by the County City pursuant to the approved Financing Plan. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County City pursuant to the approved Financing Plan, or otherwise approved by the County, Plan are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.

No Encumbrances Except for Development Purposes. Notwithstanding any other provision of this Agreement, mortgages Mortgages and deeds of trust, or any other reasonable method of security are permitted to be placed upon the Developer's fee interest in the Property Dealership Development Parcel and Swap Parcel but only for the purpose of securing loans approved by the County City pursuant to the approved Financing PlanPlan or as otherwise provided in this Agreement. Mortgages, deeds of trust, or other reasonable security instruments securing loans approved by the County City pursuant to the approved Financing Plan, or otherwise approved by the County, Plan are each referred to as a "Security Financing Interest." The words "mortgage" and "deed of trust" as used in this Agreement include all other appropriate modes of financing real estate acquisition, construction, and land development.