Mortgage Modification. If a mortgagee of the Building requests modifications to this Lease as a condition to disbursing any monies to be secured by the mortgage, Tenant agrees that within ten (10) business days after request by the mortgagee Tenant will execute, acknowledge and deliver to the mortgagee an agreement, in form and substance reasonably satisfactory to the mortgagee, evidencing such modifications, provided they do not increase Tenant’s obligations under this Lease reduce its rights or adversely affect the leasehold interest created by this Lease.
Mortgage Modification. This Agreement constitutes a “modification” of the Mortgage as defined in P.L. 1985, c. 353 (N.J.S.A. 46:9-8.1 et seq.) and is subject to the priority provisions of said law.
Mortgage Modification. On or before February 14, 2005, the Borrower shall (a) execute and deliver to the Agent a modification of the Mortgage in form and substance acceptable to the Agent, which modification will reflect the changes made to the Commitments by the Fifth Amendment hereto, and (b) cause to be delivered to the Agent a title insurance endorsement insuring that the Mortgage continues to be valid and enforceable after the recording of such mortgage modification, with the same priority that it had prior to the execution of the Fifth Amendment hereto..
Mortgage Modification a. If the mortgagor has f ully complied with the terms of this Arrangement and HUD has determined that it is financially feasible, as of January 1, 2003 HUD agrees to recast the then existing mortgage and accrued interest at 10 1/2% percent interest amortized over the remaining term of the mortgage (11-30-22).
Mortgage Modification. Insures Lender against loss or damage due to the invalidity of the insured mortgage due to the modification; and • Insures Lender against loss or damage due to the lack of priority of the insured mortgage Endorsements Alta 11.1‐06 Mortgage Modification – with Subordination • Similar to the Alta 11‐06 and provides additional coverage for loss or damage by reason of an intervening lien that has purportedly been subordinated by recorded agreement in connection with the modification. Endorsements Alta 11.2‐06 Mortgage Modification with Additional Amount of Insurance • Similar to the Alta 11‐06 and provides for an increase in the amount of insurance.
Mortgage Modification. 62 EXHIBIT A LEGAL DESCRIPTION THIS MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (the "Mortgage"), made as of November 7, 1997, by Washington Centre Shops, L.P., a Delaware limited partnership, having its principal place of business at 0000 Xxxxxxxxxxx Xxxxxx, Xxxxxxxx, Xxx Xxxx 00000 ("Mortgagor"), and to Credit Suisse First Boston Mortgage Capital LLC, a Delaware limited liability company ("Mortgagee"), having its principal office at 00 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.
Mortgage Modification. The Mortgagor and the Mortgagee may agree to change the interest rate, due date or other terms and conditions of the Loan. If the parties agree to a change, which change is a "modification" as defined in N.J.
Mortgage Modification. The Mortgage Spreader and Release Agreement (PLA) by Borrower, NYTC Member and New FC Member in favor of Agent for the benefit of Agent and Lender, dated as of even date herewith.
Mortgage Modification. The Mortgage Spreader and Release Agreement (BLA) by Borrower, NYTC Member and New FC Member in favor of Agent for the benefit of Agent and Lender, dated as of even date herewith.
Mortgage Modification. Concurrently with the execution of this Forbearance Agreement, Borrower and the Bank shall execute a Mortgage Modification Agreement, in form acceptable to the Bank and the Bank's counsel in their sole discretion, confirming the lien of the Mortgage and incorporating the terms of this Forbearance Agreement.
