Open End Mortgage definition

Open End Mortgage is hereby deleted in its entirety and the following is substituted in lieu thereof:

Open End Mortgage means that certain Open End Mortgage, dated as of June 1, 1999, by and between Talen Ironwood, LLC (formerly known as AES Ironwood, L.L.C.) and IBJ Whitehall Bank & Trust Company, as Collateral Agent. “Order” means any award, decision, injunction, judgment, order, writ, decree, ruling, subpoena, or verdict entered, issued, made, or rendered by any Governmental Entity that possesses competent jurisdiction. “Original Agreement” has the meaning set forth in the recitals to this Agreement. “Original Agreement Date” has the meaning set forth in the recitals to this Agreement. “Organizational Documents” means, with respect to any entity, (i) the certificate or articles of incorporation and the by-laws, the certificate of formation and shareholders’ agreement, partnership agreement or operating agreement (as applicable) and (ii) any documents comparable to those described in clause (i) as may be applicable to such entity pursuant to any applicable Law. “Outside Date” has the meaning set forth in Section 9A(i). “Owned Real Property” means all land, together with all buildings, structures, improvements, and fixtures located thereon, and all easements, servitudes and other interests and rights appurtenant thereto, owned by the Company or any of its Subsidiaries. “Party” or “Parties” means each of Seller and Buyer, individually, a “Party”, and collectively the “Parties”. “Permit” means any permit, certificate, license, franchise, consent, approval, registration, franchise or similar authorization issued, made or rendered by any Governmental Entity that possesses competent jurisdiction. “Permitted Liens” means (i) any restriction on transfer arising under applicable securities Laws; (ii) Liens for current Taxes not yet delinquent or for Taxes that the taxpayer is contesting in good faith through appropriate proceedings and for which adequate reserves have been established in accordance with GAAP; (iii) purchase money Liens arising in the ordinary course of business; (iv) Liens of lessors, lessees, sublessors, sublessees, licensors or licensees arising under lease arrangements or license arrangements in any case that would not, individually or in the aggregate, reasonably be expected to materially and adversely affect the value or use of such property; (v) Liens arising in the ordinary course of business, and not incurred in connection with the borrowing of money or incurring of Indebtedness, securing payments (a) not yet delinquent or (b) being contested in good faith...

Open End Mortgage as defined in 42Pa. C.S. § 8143 and Mortgagor and Mortgagee intend and agree that this Mortgage shall secure, to the extent set forth in Section 1.1, unpaid balances of any obligations or other amounts owing under the Hedging Facility Documents to any Secured Party, and made before and after this Mortgage is delivered to the recorder or other public officer for recordation among the official public records of the county or counties wherein the Mortgaged Properties are located to the extent that the total unpaid Secured Obligations so secured, exclusive of interest thereon and advances for taxes, assessments, maintenance charges, insurance premiums, costs incurred for the protection of the Mortgaged Properties or the encumbrance of this Mortgage and the expenses incurred by Mortgagee by reason of default by Mortgagor under this Mortgage which may be outstanding at any one time does not exceed [ ] DOLLARS ($[ ]). A reduction in the amount of Secured Obligations to zero shall not affect the existence of the Lien of this Mortgage.

Examples of Open End Mortgage in a sentence

• Open-End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, made as of July 29, 1997, by Borrower to Subordinated Creditor, relating to mortgaged property located in Philadelphia, in the County of Philadelphia, in the State of Pennsylvania.

• PITT AA LLC holds an Open-End Mortgage Note dated December 16, 2008, in the original principal amount of $2,625,000.00, and an Open-End Revolving Line of Credit Second Mortgage Note dated December 16, 2008, in the original principal amount of$200,000.00, and later increased to $400,000 (collectively, and together with any amendments thereto, the “PITT AA LLC Pre-petition Loans”).

• This Mortgage is an “Open-End Mortgage” within the meaning of Connecticut General Statutes §49-2(c), and the holder hereof shall have all of the rights, powers and protections to which the holder of any such Open-End Mortgage is entitled under Connecticut law.

• The Loan is secured, in part, by a certain Open-End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (the "Mortgage") covering the real property and other assets (the "Property") described therein, and by certain other documents executed and delivered in connection herewith (the "Loan Documents").

• Open-End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, made as of July 29, 1997, by Xxxxxxxx to Subordinated Creditor, relating to mortgaged property located in Forest Park, in the County of Xxxxxxxx, in the State of Ohio.

• Without limiting the generality of any other provisions hereof, this Instrument shall be entitled to the lien priority and all of the benefits of an "Open-End Mortgage" under the Open-End Mortgage Statute.

• The tone of a hashtag is set based on the tone of the first selected MCI or tweet using that hashtag.

• The Parties entered into a Master Amendment No. 1 to Amended and Restated Participation Agreement and Amended and Restated Master Lease and Open-End Mortgage, dated as of September 30, 1999 (the "First Amendment"), which amended the Original Participation Agreement.

• This Mortgage is an Open-End Mortgage as defined in § 8143(f) of Title 42 of the Pennsylvania Consolidated Statutes, and as such is entitled to the benefits of the Open-End Mortgage Act (the “Act”) as codified at 42 Pa. C.S.A. § 8143 et seq.

• This is an “Open-End Mortgage” and the holder hereof shall have all of the rights, powers and protection to which the holder of any Open-End Mortgage is entitled under Connecticut law.

More Definitions of Open End Mortgage

Open End Mortgage as set forth in ________________ and secures obligations up to a maximum principal amount of indebtedness outstanding at any time equal to double the face amount of the Guaranty, plus accrued and unpaid interest, including advances for the payment of taxes and municipal assessments, maintenance charges, insurance premiums, costs incurred for the protection of the Property or the lien of this Mortgage, expenses incurred by the Mortgagee by reason of default by the Mortgagor under this Mortgage and advances for construction, alteration or renovation on the Property or for any other purpose, together with all other sums due hereunder or secured hereby. All notices to be given to the Mortgagee pursuant to _______________ shall be given as set forth in Section 18.