Mortgage agreement Sample Clauses

Mortgage agreement. The term ‘‘mortgage agreement’’ means the note or debt instrument and the mortgage in- strument, deed of trust instrument, trust deed, or instrument or instruments creating the mortgage, including any instrument incor- porated by reference therein and any instru- ment or agreement amending or modifying any of the foregoing.
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Mortgage agreement. In the event Buyer timely elects to assume the Obligations pursuant to Section 3.03, then, if Seller has received the executed Mortgage Agreement from the Mortgagee, Seller shall deliver such document, together with originals of, or
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Mortgage agreement. Buyer shall deliver to Seller the Mortgage Agreement substantially in the form attached hereto as Exhibit C.
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Mortgage agreement. If the Seller elects to make the Seller Deposit, (i) the Seller and the Buyer shall enter into an escrow agreement with the Escrow Agent substantially in the form of the Buyer Escrow Agreement (the “Seller Escrow Agreement”, and together with the Buyer Escrow Agreement, each an “Escrow Agreement”), (ii) subject to this Section 6.9, the Escrow Agent shall hold the Seller Deposit in the Seller Escrow Account, which shall be a segregated account, until the Closing, (iii) the Buyer and MSK shall terminate the Factory (Kun) Mortgage Agreement, the Buyer shall instruct Lee&Ko to release the Kun Mortgage Certificate to MSK, and the Buyer shall further execute any other document or take any action required to effect the release of MSK from its obligations under the Factory (Kun) Mortgage Agreement and deregister the Kun Mortgage, in each case, as may be requested by MSK, including providing MSK with any documents necessary or required to deregister the Kun Mortgage, and (iv) at the Closing, the Buyer and MSK shall jointly instruct the Escrow Agent to, and the Escrow Agent shall, release the Seller Escrow Funds to MSK. If the Seller does not elect to make the Seller Deposit, then at the Closing the Buyer and Seller shall terminate the Factory (Kun) Mortgage Agreement, the Buyer shall instruct Lee&Ko to release the Kun Mortgage Certificate to MSK and the Buyer shall further execute any other document or take any action required to effect the release of MSK from its obligations under the Factory (Kun) Mortgage Agreement and deregister the Kun Mortgage, in each case, as may be requested by MSK, including providing MSK with any documents necessary or required to deregister the Kun Mortgage in the court registry. The Buyer, Seller and MSK agree and acknowledge that the Kun Mortgage, the Seller Deposit and/or the Seller Escrow Funds, as the case may be, are for payment of the Seller Termination Fee pursuant to Section 10.6(b) and any amounts owing pursuant to Section 10.6(c) and the Kun Mortgage or the Seller Escrow Funds shall be available for payment of these Liabilities only.
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Mortgage agreement. 1. In the event that a RESIDENT or REPRESENTATIVE fails to pay the cost of care as herein provided, the FACILITY reserves the right to secure a lien for that amount against real estate owned by the RESIDENT through established State fiscal procedures. 2. In the event that the RESIDENT’S ability to pay the cost of care as herein provided is dependent upon the sale of any real estate owned by the RESIDENT, the RESIDENT and/or the REPRESENTATIVE hereby agrees, at the time of admission, to enter into serious discussions with the FACILITY pertaining to a Note and Mortgage upon the real estate owned by her/him, other than the primary residence, to secure any amounts owed to the FACILITY by the RESIDENT presently due, or to become due in the future.
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Mortgage agreement. A mortgage was established on the following real property:
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Mortgage agreement. 25.1 With this Contract, the Borrower and assume the unconditional and irrevocable commitment of granting to the Financial Institutions a first range real right of mortgage over each of the Properties if at any time during the validity of this Contract the Agent (following the instructions of the Major Shareholders) shows any circumstance that grants the right to the Financial Entities to declare the early termination of this Contract (including the fulfilment of any Ratio or financial responsibility assumed by the Borrower under this Contract or if any Adverse Material Change occurs) with the Agent's mere statement being sufficient evidence to claim the establishment of the Mortgage(s). The Agent (following the instructions of the Majority Entities) shall immediately remit the corresponding requirement to the Borrower so that it may, within a maximum period of fifteen (15) days of receiving the requirement, grant the mortgage deeds on the Properties decided upon by the Majority Entities. Granting the mortgage deeds on the Properties shall take the following aspects into account: (a) the obligations guaranteed by the Mortgages shall be the payment obligations of the Borrower which are the subject of this Contract; (b) as a result of said execution, the Financial Institutions shall enjoy a first priority on the Properties that were taxed; (c) the global appraisal value of the mortgaged Properties may not be, in any case, lower than eighty-six million one hundred thousand euros (E86,100,000), equivalent to approximately one hundred and fifteen percent (115%) of the Total Amount; (d) the mortgage deed(s) shall be issued similarly to the terms included in Attachment 10 Chapter C; and (e) the mortgage responsibility of all of the Properties shall be the result of applying the coefficient 1.40 to the total value of the most recent appraisal of the Properties (corresponding to one hundred percent (100%) of the guarantee for the return of the Principal amount, fifteen percent (15%) of the guarantee for the payment of regular interests, (15%) of the guarantee for the payment of late interest and ten percent (10%) of the guarantee for the payment of costs and expenses). The mortgage responsibility for each of the taxable Properties shall be the result of proportionally distributing the amount of the mortgage responsibility of all the properties (determined according to the provisions of the above paragraph) proportionate to the appraisal value for each of the Proper...
Sample 1
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Mortgage agreement. ★ Provision of security is an important legal activity which may result in property losses. Thus, please carefully read the "Matters that Security Provider Should Know" in the back page of this agreement and the terms and conditions of this agreement and make your decision. ★ The security provider should fill in indicated in bold (section for parties, Article 1 and the last section of this agreement) in his or her own handwriting. day of , 20 Creditor and Kun-Mortgagee: [Seal] Address: Debtor: [Seal] Address:
Sample 1

Related to Mortgage agreement

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Servicing Agreement General Summary The Sellers and the Purchasers intend this Agreement to amend and restate that certain “Servicing Agreement,” dated March 23, 2021, for purposes of the Purchase Agreement and wish to set forth herein the terms upon which each Purchaser will, to the fullest extent permitted by applicable Law and the applicable Corporate Trust Contract, and subject to the applicable provisions of this Agreement, assume the responsibility (as agent of the applicable Seller) to supervise, manage, administer and otherwise discharge the duties of the applicable Seller in a Corporate Trust Capacity under (a) any Restricted Appointment and (b) any Excluded Appointment (collectively, the “Serviced Appointments”), and the Purchasers will discharge and perform when due, and indemnify the Sellers for, the Assumed Servicing Liabilities.

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Sale Agreement The Sale Agreement is the only agreement pursuant to which the Seller purchases Collateral.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively: (a) represent the sum of the understandings and agreements between the Bank and the Borrower concerning this credit; (b) replace any prior oral or written agreements between the Bank and the Borrower concerning this credit; and (c) are intended by the Bank and the Borrower as the final, complete and exclusive statement of the terms agreed to by them. In the event of any conflict between this Agreement and any other agreements required by this Agreement, this Agreement will prevail.

  • Mortgage Amendments As soon as practicable and in no event later than 30 days after the Amendment Effective Date, the U.S. Borrower shall deliver to the Administrative Agents and the Administrative Agents shall have received from the U.S. Borrower, a Mortgage Amendment for each of the Original Mortgages, duly executed and delivered by the U.S. Borrower, together with: (a) legal opinions of local counsel reasonably satisfactory to the Administrative Agents with respect of each of the Mortgage Amendments to the Original Mortgages identified as items 1 through 5 on Schedule IV hereto, which legal opinions shall be in form and substance reasonably satisfactory to the Administrative Agents; (b) evidence satisfactory to the Administrative Agents that such action (including, without limitation, the filing of appropriately completed Uniform Commercial Code financing statements and the recording of the Mortgage Amendments) as may be necessary or as the Administrative Agents shall have reasonably requested to perfect the Liens created pursuant to the Mortgage Amendments, and to continue the perfection of the Liens created pursuant to the Original Mortgages, shall have been taken, or that arrangements therefor satisfactory to the Administrative Agents shall have been made; (c) updated policies of title insurance (or endorsements issued in connection with the Existing Title Policies) with respect to each of the Mortgage Amendments to the Original Mortgages identified as items 1, 2 and 3 on Schedule IV attached hereto, in form and substance satisfactory to the Administrative Agents and issued by the Title Company, insuring the perfection, enforceability and priority of the Liens on each applicable Amended Mortgage Property created under the applicable Mortgage Amendments in amounts as are satisfactory to the Administrative Agents, subject only to such exceptions as are reasonably satisfactory to the Administrative Agents, containing such endorsements as have been previously delivered pursuant to the Existing Title Policies or such endorsements as shall be otherwise satisfactory to the Administrative Agents; (d) nothing further certificates," or such other equivalent document issued by the Title Company with respect to each of the Mortgage Amendments to the Original Mortgages identified as items 4 and 5 on Schedule IV attached hereto, in each case in form and substance satisfactory to the Administrative Agents and issued by the Title Company, showing the priority of the Liens of each applicable Amended Mortgage Property created under the applicable Mortgage Amendments and showing no Liens (other than Liens permitted hereunder) of record with respect to each applicable Amended Mortgaged Property since the date of the applicable Existing Title Policy; (e) evidence satisfactory to the Administrative Agents that the U.S. Borrower has paid or made arrangements satisfactory to the Administrative Agents to pay to the Title Company all expenses and premiums of the Title Company in connection with the issuance of such policies and in addition shall have paid or made arrangements satisfactory to the Administrative Agents to pay to the Title Company an amount equal to the recording and stamp taxes payable in connection with recording the Mortgage Amendments in the appropriate county land offices; and (f) evidence satisfactory to the Administrative Agents that the U.S. Borrower has paid or made arrangements satisfactory to the Administrative Agents to pay all other costs, fees and expenses (including, without limitation, mortgage recording, intangibles or documentary stamp or similar taxes, reasonable legal fees and expenses) payable to the Administrative Agents with respect to the Mortgage Amendments.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

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