PURPOSE OF SECURING Sample Clauses

PURPOSE OF SECURING. The payment and performance of each and every obligation of Assignor contained in the Indenture and in Assignor’s Lease Revenue Bonds, Series 2021, and any Additional Bonds or Refunding Bonds (as defined in the Indenture) (collectively, the “Bonds”); and

PURPOSE OF SECURING. (i) the payment of the Loan and all interest, late charges, LIBOR breakage charges (as described in the Note), interest rate swap or hedge expenses (if any), reimbursement obligations, fees and expenses for letters of credit issued by the Lender for the benefit of the Mortgagor and/or Borrowers, if any, and other indebtedness evidenced by or owing under the Note, any of the other Loan Documents, and any application for letters of credit and master letter of credit agreement, together with any extensions, modifications, renewals or refinancings of any of the foregoing; (ii) the obligations and liabilities of the Mortgagor and/or Borrowers to the Lender under and pursuant to (a) that certain ISDA Master Agreement and any and all schedules and exhibits thereto, dated of even date herewith, executed by and between the Borrowers and the Lender, as amended from time to time, together with interest thereon at the Default Rate (as defined in the Note), and (b) any other interest rate, currency or commodity swap agreement, cap agreement or collar agreement, executed by and between the Mortgagor and/or Borrowers and the Lender from time to time (collectively, “Interest Rate Agreements”), (iii) the performance and observance of the covenants, conditions, agreements, representations, warranties and other liabilities and obligations of the Mortgagor and/or Borrowers or any other obligor to or benefiting the Lender which are evidenced or secured by or otherwise provided in the Note, this Mortgage or any of the other Loan Documents; (iv) any future advances by the Lender in connection with the Loan Documents; and (v) the reimbursement to the Lender of any and all sums incurred, expended or advanced by the Lender pursuant to any term or provision of or constituting additional indebtedness under or secured by this Mortgage, any of the other Loan Documents or any Interest Rate Agreements or any application for letters of credit and master letter of credit agreement, with interest thereon as provided herein or therein (collectively, the “Indebtedness”). IT IS FURTHER UNDERSTOOD AND AGREED THAT:

PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Section 1 for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary may choose: (a) Payment of all obligations of Trustor ("Obligor") to Beneficiary ------- arising under the instrument(s) or agreement(s) described below (the "Debt Instrument"): [X] a promissory note dated as of April 1, 1998, payable by Obligor ------------- as maker in the stated principal amount of Seven Hundred Twenty -------------------- Nine Thousand and No/100 Dollars ($729,000.00) to the order of ------------------------ ----------- Beneficiary. [X] a certain Agreement for Bridge Loan dated as of April 1, 1998, ------------------------- ------------- between Obligor and Beneficiary which provides for extensions of credit in a principal amount not exceeding Seven Hundred ------------- Twenty Nine Thousand and No/100 Dollars ($729,000.00). ------------------------------- ----------- [_] a certain N/A Guaranty dated N/A, in the principal amount of --- --- -0- Dollars ($-0-) given by Obligor to Beneficiary in --- --- support of the obligations of N/A to Beneficiary. --- [_] (Describe). This Deed of Trust also secures payment of all obligations of Obligor under the Debt Instrument which arise after the Debt Instrument is extended, renewed, modified or amended pursuant to any written agreement between Obligor and Beneficiary, and all obligations of Obligor under any successor agreement or instrument which restates and supersedes the Debt instrument in its entirety. (b) Payment and performance of all obligations of Trustor under this Deed of Trust; and (c) Payment and performance of all future advances and other obligations that Trustor (or any successor in interest to Trustor) or Obligor (if different from Trustor) may agree to pay and/or perform (whether as principal, surety or guarantor) to or for the benefit of Beneficiary, when a writing signed by Trustor (or any successor in interest to Trustor) evidences said parties' agreement that such advance or obligation be secured by this Deed of Trust. This Deed of Trust does not secure any obligation which expressly states that it is unsecured, whether contained in the foregoing Debt Instrument or in any other document, agreement or instrument.

PURPOSE OF SECURING. Payment of the indebtedness evidenced by the Promissory Note (the "Note"), given by Borrower to Lender in the amount of $5,000,000.00, dated of even date herewith, and together with any interest and all other charges under the Note, and any renewals, extensions, supplements and modifications of the Note.

PURPOSE OF SECURING. The debt evidenced by that certain Promissory Note (such Promissory Note, together with any and all renewals, modifications, consolidations and extensions thereof, is hereinafter referred to as the " ") of even date ------- with this Deed of Trust, made by Grantor to the order of Beneficiary in the principal face amount of together with interest as therein provided;

PURPOSE OF SECURING. Payment of the indebtedness with interest thereon evidenced by the Note and any and all modifications, refinancings, extensions and renewals thereof, and all other Indebtedness Hereby Secured;

PURPOSE OF SECURING the payment of the Loans and all indebtedness evidenced by, and the performance of each and every obligation, covenant and agreement of Trustor contained in (i) the Loan Agreement, other than those liabilities contained in the indemnity in favor of Beneficiary set forth in Section 11.15 of the Loan Agreement entitled “Hazardous Materials Indemnity”, which indemnity shall be and is unsecured and is not subject to the lien of this Deed of Trust on the Premises; (ii) the “Loan Documents” referred to in the Loan Agreement (except to the extent that such Loan Documents recite that they are not secured hereby); (iii) those certain Notes in the aggregate principal amount of $30,000,000, made by Trustor payable to the order of the Banks that are party to the Loan Agreement (the “Notes”) and any renewal, extension, substitution or modification thereof, together with interest on such indebtedness according to the terms of the Notes; (iv) the reimbursement obligations of Trustor with respect to each Letter of Credit issued under the Loan Agreement pursuant to a subfacility providing for the issuance of not more than $3,000,000 in such Letters of Credit at any time outstanding; and (v) the obligations of Trustor under any and all Approved Swap Agreements (as such term is defined in the Loan Agreement);

PURPOSE OF SECURING. The debt evidenced by that certain Promissory Note (such Promissory Note, together with any and all renewals, modifications, amendments, restatements, consolidations, substitutions, replacements and extensions thereof, is hereinafter referred to as the "Note") of even date with this Deed of Trust, made by Grantor and payable to the order of Beneficiary in the original principal amount of SIX MILLION FIFTY THOUSAND AND NO/100 DOLLARS ($6,050,000.00) (the "Loan" or the "Loan Amount"), together with interest and any fees as therein provided;

PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Section 1 for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary may choose: (a) Payment of all obligations of Trustor ("Obligor") to Beneficiary ------- arising under the instrument(s) or agreement(s) described below (the "Debt Instrument"): [_] a certain N/A Guaranty dated N/A, in the principal amount --- --- of -0- Dollars ($-O-) given by Obligor to Beneficiary in --- ---- support of the obligations of N/A to Beneficiary. --- [_] (Describe). This Deed of Trust also secures payment of all obligations of Obligor under the Debt Instrument which arise after the Debt Instrument is extended, renewed, modified or amended pursuant to any written agreement between Obligor and Beneficiary, and all obligations of Obligor under any successor agreement or instrument which restates and supersedes the Debt Instrument in its entirety. (b) Payment and performance of all obligations of Trustor under this Deed of Trust; and (c) Payment and performance of all future advances and other obligations that Trustor (or any successor in interest to Trustor) or Obligor (if different from Trustor) may agree to pay and or perform (whether as principal, surety or guarantor) to or for the benefit of Beneficiary, when a writing signed by Trustor (or any successor in interest to Trustor) evidences said parties' agreement that such advance or obligation be secured by this Deed of Trust. This Deed of Trust does not secure any obligation which expressly states that it is unsecured, whether contained in the foregoing Debt Instrument or in any other document, agreement or instrument.