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Mortgage Notes Sample Clauses

Mortgage Notes. Seller financing notes that the Borrower has received from purchasers of its properties. For purposes of calculations in this Agreement, Mortgage Notes shall be valued in accordance with GAAP (including write-offs for uncollectability).
Mortgage Notes. The Assignor shall notify the Security Agent (x) of (i) any payment default in respect of any pledged Collateral which has continued for 30 days, 60 days or 90 days, respectively, and any other material default In any other term of any pledged Collateral, (ii) the occurrence of an Insolvency Event (of which the Borrower has knowledge) in respect of any obligor on any Mortgage Loan pledged as Collateral and (iii) the commencement of foreclosure or similar proceedings in respect of the premises which secure any Mortgage Loan pledged as Collateral, such notice to be delivered not later than three (3) Business Days following the occurrence thereof in the cast of clauses (i) and (iii) and promptly upon the Assignee's receiving notice or otherwise becoming aware thereof in the case of clause (ii) and (y) immediately upon the payment by any mortgagor of principal under any Mortgage Note then hold by the Security Agent hereunder in an amount of $1,000 or more in excess of the regularly scheduled installment thereon, identifying the loan number of such Mortgage Loan and the amount so paid.
Mortgage Notes. On or prior to the Closing Date, the Operating Partnership shall have paid or caused to be paid all amounts outstanding under the first mortgage loans from the Purchaser to certain Affiliates of the Operating Partnership listed on Schedule A hereto (the "Mortgage Notes").
Mortgage Notes. Neither Kranzco nor any of its Subsidiaries holds any notes or related mortgages.
Mortgage Notes. (a) Mortgages. Set forth in Schedule 7.25 of the CV Disclosure Letter is a list of each note and related mortgage and all amendments and modifications thereof (each such note and mortgage, together with the loan evidenced thereby, a "Mortgage") held by CV, including the original and unpaid principal amounts thereof, the due date thereof and interest rate thereon.
Mortgage NotesThe Company has issued $45,000,000 aggregate principal amount of 13% First Mortgage Notes due 2005 With Contingent Interest (together with all notes issued in exchange or replacement therefor, the "Notes") pursuant to an Indenture (as amended, supplemented or otherwise modified from time to time, the "Indenture") dated as of the date hereof between the Company and IBJ Whitehall Bank & Trust Company, a New York banking association, as trustee (the "Trustee"), for the benefit of the holders from time to time (the "Holders") of the Notes.
Mortgage NotesThe Mortgage Notes shall have been issued and funded pursuant to the terms of the Indenture.
Mortgage Notes. Seller financing notes that the Borrower has received from purchasers of its properties. For purposes of calculations in this Agreement, Mortgage Notes shall be valued in accordance with GAAP (including write-offs for uncollectability). Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) or §4001(a)(3) of ERISA or §414(f) of the Code maintained or contributed to by the Borrower, any Guarantor or any ERISA Affiliate. Net Cash Proceeds. With respect to any Capital Markets Transaction, the cash proceeds received from such Capital Markets Transaction, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred and payable to third parties in connection therewith. Net Income (or Loss). With respect to any Person (or any asset of any Person) for any period, the net income (or loss) of such Person (or attributable to such asset), determined in accordance with GAAP. Net Offering Proceeds. The gross cash proceeds received by REIT or any of its Subsidiaries as a result of an Equity Offering less the customary and reasonable costs, expenses and discounts paid by REIT or such Subsidiary in connection therewith.
Mortgage NotesPursuant to an Indenture (as amended, -------------------- supplemented or otherwise modified from time to time, the "Indenture") dated as of August 20, 1997, among Isle of Capri Black Hawk L.L.C., a Colorado limited liability company (the "Company"), Isle of Capri Black Hawk Capital Corp., a Colorado corporation ("Capital Corp." and, together with the Company, the "Issuers"), and the Trustee, the Issuers have issued $75,000,000 in aggregate principal amount of 13% First Mortgage Notes due 2004 With Contingent Interest (the "Notes").
Mortgage NotesThird persons who are not parties to the principal obligation may secure the latter by pledging or mortgaging their own property. • The provisions of Article 2052 are applicable to a pledge or mortgage. - it cannot exist without a valid obligation - but it may be constituted to guarantee a voidable or unenforceable contract, and also a natural obligation i RIGHTS OF THE CREDITOR / PLEDGEE • to retain the thing in his possession or in that of a third person to whom it has been delivered, until the debt is paid. PROPER OBJECT OF PLEDGE • All movables which are within commerce may be pledged, provided they are susceptible of possession • Incorporeal rights, evidenced by 1. negotiable instruments, 2. bills of lading, 3. shares of stock, 4. bonds, 5. warehouse receipts and 6. similar documents 7. may also be pledged. HOW THIS IS TRANSFERRED (DELIVERED) The instrument proving the right pledged shall be 1. delivered to the creditor, and 2. if negotiable, must be indorsed. The debtor cannot ask for the return of the thing pledged against the will of the creditor, unless and until - he has paid the debt and its interest, with expenses in a proper case. • can use the thing pledged, USE BY THE PLEDGEE OF THE THING PLEDGED IS VALID IF: 1. with the authority of the owner; or 2. even without authority, if the preservation of the thing pledged requires its use, it must be used by the creditor but only for that purpose OTHERWISE - the owner may ask that it be judicially or extrajudicially deposited..