Mortgage of Property. The Operator, acting reasonably, shall have the sole right, on behalf of the Joint Venture, to make any decision with respect to mortgaging, pledging, charging or hypothecating all or any part of the Property to secure any loan or loans obtained for the purpose of financing the Joint Venture and to negotiate a loan or loans on such terms and with such lenders as such Operator in its sole discretion determines appropriate. If requested by the Operator, the Parties shall mortgage, pledge, charge or hypothecate their respective interests in the Property in order to facilitate such financing. Other than as aforesaid, none of the Parties shall have the right to mortgage pledge, charge or hypothecate its interest in the Property.
Mortgage of Property. The JV Operator shall have the sole right, on behalf of all parties having interests in the Property, to make any decision with respect to mortgaging, pledging, charging or hypothecating all of the Property to secure any loan or loans obtained for the purpose of financing the Joint Venture and to negotiate a loan or loans on such terms and with such lenders as such operator in its sole discretion decides. If requested by the operator, the Parties shall mortgage, pledge, charge or hypothecate their respective interests in the Property in order to facilitate such financing. Other than as aforesaid, none of the Parties shall have the right to mortgage pledge, charge or hypothecate its interest in the Property.
Mortgage of Property. On 30 July 2009, Party A signed a loan contract (no.: 1600209411706) and a mortgage contract (no.: 16002094081706) with Shanghai Rural Commercial Bank Changning Branch (hereinafter referred to as “SRCB Changning Branch”), under which Party A borrowed a loan in amount of RMB72,000,000 from SRCB Changning Branch. The term of the loan is to 12 June 2015. Party A mortgaged the land use right to 4/6 Lot, 324 Community of Xinjing Town and the construction in progress thereon (which has changed to the 2 buildings located at Xx. 000, Xxxxxxxx Xxxx after obtaining of Real Estate Title Certificate) to SRCB Changning Branch as the security for the loan. Party A has repaid RMB24,000,000. The remaining principal loan amount is RMB48,000,000.
Mortgage of Property. The Corporation, in order to better secure the principal of and interest (and premium, if any) on all bonds of the Corporation at any time outstanding under the Indenture according to their tenor and effect and the performance of and compliance with the covenants and conditions in the Indenture contained, does hereby mortgage, assign, grant, bargain, sell and convey unto the Trustee, and to its successors in said trust, forever, all of the property, rights and franchises owned by Xxxxxxxxx immediately prior to the Merger which is subject to the lien of the Indenture including the properties described in Exhibit A attached hereto and made a part hereof (collectively, the "mortgaged property") and no other property, rights or franchises now owned or hereafter acquired by the Corporation, provided that the Corporation does hereby mortgage, assign, grant, bargain, sell and convey unto the Trustee and its successors the following properties acquired by the Corporation on or after the Merger Date, to wit:
Mortgage of Property. Atmos, in order to better secure the principal of and interest and premium on the First Mortgage Bonds at any time outstanding under the Indenture according to their tenor and effect and the performance of and compliance with the covenants and conditions contained in the Indenture, does hereby mortgage, assign, grant, bargain, sell and convey unto the Trustees and to their successors in said trust, forever, all of the property, rights and franchises owned by UCG immediately prior to the Effective Time which are subject to the lien of the Indenture including the properties described in Schedule 1 attached hereto and hereby made a part hereof. The Indenture shall not by reason of the Merger, or otherwise, constitute or become a lien upon, and the term "mortgaged property" as used in the Indenture shall not include or comprise:
Mortgage of Property. Nothing herein prohibits (a) any mortgaging, subjection to deed of trust or other hypothecation of Optionor’s interest in Optionor’s Property or any part thereof, and all rights of Optionee hereunder shall be subordinate to same. Should Optionor default on any obligation under any of said instruments granting a power of sale in favor of holder of such instrument, Optionee has the right to satisfy the entire balance (including any applicable penalties). Upon cancellation of security instrument, Optionor must grant Optionee a partial interest deed in the Property equal to the percentage of the fair market value of the Property represented by the amount of the obligation satisfied by Optionee.
Mortgage of Property. The Borrower shall create equitable mortgage of land/house/flat purchased by the Borrower out of the amount of the said loan in favour of the Bank or owned by the Borrower in which the construction/ modification/ addition/ renovation is undertaken and shall execute/ cause to be executed such documents as may be required by the Bank. Where creation of equitable mortgage is not possible the Borrower shall create a legal mortgage by execution of proper Deed of Mortgage, of all rights, title and interest in the flat/house/land purchased by the Borrower in such form as may be approved by Bank.
Mortgage of Property. The Parties, each acting reasonably, shall have the right to make any decision with respect to mortgaging, pledging, charging or hypothecating all or any part of the Property to secure any loan or loans obtained for the purpose of financing the JV Company and to negotiate a loan or loans on such terms and with such lenders as the Parties mutually determine appropriate. The Parties shall mortgage, pledge, charge or hypothecate their respective interests in the Property in order to facilitate such financing. Other than as aforesaid, none of the Parties shall have the right to mortgage pledge, charge or hypothecate its interest in the Property.
