First Mortgage. The term “
First Mortgage. The Mortgagor covenants and stipulates that this mortgage is in first position and there is no other financing hereto.
First Mortgage. (i) TABLE OF CONTENTS (Continued) Page
First Mortgage. The First Mortgage debt shall be in full force and -------------- effect with no material defaults under any of the First Mortgage Loan Documents. Lender shall have consented in writing to the sale of the Property subject to the First Mortgage without any modification of the terms or the imposition of any fees, except as expressly provided herein.
First Mortgage. TO HAVE AND TO HOLD the same unto the Mortgagee, its successors and assigns forever, for the purposes and uses herein set forth. Mortgagor represents that it is the absolute owner in fee simple of the Premises described in Exhibit A, which Premises are free and clear of any liens or encumbrances except for Permitted Exceptions (as hereinafter defined), and except for taxes which are not yet due or delinquent. Permitted Exceptions , as used in this mortgage means those matters approved by Mortgagee in the Mortgagee s title insurance policy insuring the lien of this mortgage. Mortgagor shall forever warrant and defend the title to the Premises against all claims and demands of all persons whomsoever and will on demand execute any additional instrument which may be required to give Mortgagee a valid first lien on all of the Premises, except for Permitted Exceptions.
First Mortgage. 6.95% BOND, DUE 2011, SERIES TT DUE APRIL 1, 2011 ROCHESTER GAS AND ELECTRIC CORPORATION, a corporation organized and existing under the laws of the State of New York (hereinafter called the Company), for value received, hereby promises to pay to or registered assigns on April 1, 2011, at the office or agency of the Company in the Borough of Manhattan, The City of New York, Dollars in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, and to pay at said office or agency, in like coin or currency, interest thereon, semi- annually on April 1 and October 1 of each year, at the rate of 6.95 percent (6.95%) per annum, computed on the basis of a 360-day year of twelve 30-day months, from the April 1 or October 1, as the case may be, next preceding the date hereof to which interest has been paid, unless the date hereof is a date to which interest has been paid, in which case from the date hereof, or unless the date hereof is prior to October 1, 2001 in which case from April 6, 2001, until this bond shall mature according to its terms or on prior redemption or by declaration or otherwise, and, after the date of such maturity, at the same rate of interest borne prior to maturity by the principal hereof from such date of maturity until this bond shall be paid or payment hereof shall have been duly provided for, and (to the extent that payment of such interest is enforceable under applicable law) to pay interest on any overdue installment of interest at the same rate of interest borne by the principal hereof. The interest so payable on any April 1 and October 1 will, subject to certain exceptions provided in the Mortgage referred to on the reverse hereof, be paid to the person in whose name this bond (or the bond or bonds in exchange or substitution for which this bond was issued) was registered at the close of business on the 15th day of the calendar month next preceding such April 1 and October 1. The provisions of this bond are continued on the reverse hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. This bond shall not become valid or obligatory for any purpose until Bankers Trust Company, or its successor as Trustee under the Mortgage, shall have signed the certificate of authentication hereon.
First Mortgage. Which can either be a Home Flex Plus or Home Preferred Plus Mortgage, which will be a loan that meets New Hampshire Housing’s “Program Guidelines.” The Participating Lender closes the First Mortgage in its name and then sells that mortgage to New Hampshire Housing. This mortgage and the Participating Lender’s actions related to this mortgage are governed by the MLPA.
First Mortgage. This Lease is subject and subordinate to the lien of any first mortgage (which term "mortgage" shall include both construction and permanent financing and shall include deeds of trust and similar security instruments) which may now or hereafter encumber or otherwise affect the Land and the Building or Landlord's interest therein, and to all and any renewals, extensions, modifications, recastings or refinancings thereof, but shall not be subordinate to any mortgage other than a first mortgage. In confirmation of such subordination, Tenant shall, at Landlord's request, promptly execute any requisite or appropriate certificate or other document. Xxxxxx agrees that in the event that any proceedings are brought for the foreclosure of any such mortgage, Tenant shall attorn to the purchaser at such foreclosure sale, if requested to do so by such purchaser, and shall recognize such purchaser as the Landlord under this Lease, and Tenant waives the provisions of any statute or rule of law, now or hereafter in effect, which may give or purport to give Tenant any right to terminate or otherwise adversely affect this Lease and the obligations of Tenant hereunder in the event that any such foreclosure proceeding is prosecuted or completed.
First Mortgage. The outstanding principal balance as of the Closing Date of the first mortgage loan (the "First Mortgage Loan") made by AULIC in the original principal amount of THREE MILLION FOUR HUNDRED THOUSAND ($3,400,000.00) DOLLARS secured by a first mortgage lien on the Premises; and
First Mortgage. Attached hereto as Exhibit J is a list of all agreements and other documents, including all amendments and modifications, evidencing, securing or relating to First Mortgage (the "Loan Documents"). Seller has heretofore delivered to Buyer true, correct and complete copies of the Loan Documents. The principal amount of the First Mortgage currently outstanding is approximately Sixty-Three Million Dollars ($63,000,000), all accrued interest which has become due thereunder has been paid to the date hereof, and there are no other amounts owed in connection with the First Note or the other Loan Documents. Seller has not received any notification that Seller is in default of its obligations under the Loan Documents, and to Seller's knowledge, Seller is not in default of its obligations thereunder; and there are no disputes or claims outstanding in connection with the Loan Documents.
