Mortgage Security. Which is valid and enforceable without offset, counterclaim, defense, or right of recision or avoidance of any kind.
Mortgage Security. The Owner / Developer has raised finance from Bharat Co-operative Bank Limited for the purposes of construction of Wing C of the Layout Project and for import of raw material for Wing B of the Layout Project, and to secure the same, have created a mortgage / charge in respect of the (i) part of the land appurtenant to Wing C and Common Amenities and Facilities in the said Layout Property, (ii) unsold apartments/flats in the Wing C of the Layout Project (excluding the said Project), (iii) Receivables in respect of the apartments/flats in the Wing C of the Layout Project (excluding the said Project), and (iv) lien on the materials imported by way of Letter of Credit. It is hereby clarified that the aforesaid loan is for construction of Wing C of the Layout Property and not for the said Project, and no mortgage / charge / security has been created on any part or portion of the said Project / Building.
Mortgage Security. 1.1 To secure up to $18,713,067 of liability under 29 U.S.C. § 1362(a)(1) incurred upon any termination of the Pension Plans under 29 U.S.C. § 1341(c) or 29 U.S.C. § 1342 on or before the Agreement Termination Date (as defined in Section 3.1 below), MAUI will, on or before the thirtieth (30th) day following the Effective Date, execute a first lien mortgage in favor of PBGC (the “First PBGC Mortgage”) on the real properties described in Exhibit A hereto (“Mortgaged Property A”) and execute a second lien mortgage in favor of PBGC (the “Second PBGC Mortgage”, collectively with the First PBGC Mortgage, the “PBGC Mortgages”) on the real property described in Exhibit B hereto (“Mortgaged Property B”, collectively with Mortgaged Property A, the “Mortgaged Properties”).
1.2 Following the Agreement Termination Date, and at MAUI’s sole expense, MAUI will provide to PBGC recordable discharges and releases of the PBGC Mortgages. PBGC shall promptly execute and record such discharges and releases. PBGC agrees, following the Agreement Termination Date, to execute such other documents as may be necessary to effect and evidence the termination, discharge and release of such PBGC Mortgages.
Mortgage Security. Delivery of a Mortgage Security to support a Dry Borrowing requires delivery to Agent of the following Collateral Documents -- each of which must be in form and substance satisfactory to Agent -- in the following manner:
1. A Collateral-Delivery Notice that, among other things, identifies the documents being delivered to Lender for that Dry Borrowing.
2. For a Mortgage Security that is not in book-entry form:
(a) The original Mortgage Security.
(b) A bond power endorsed -- or another appropriate instrument of assignment executed -- by Borrower in blank.
3. For a Mortgage Security that is in book-entry form, confirmation of either:
(a) The appropriate entry (i) in records of a Federal Reserve Bank of the nominal ownership by Agent (on behalf of Lenders) of any FNMA Mortgage Security that constitutes a "FNMA BOOKENTRY SECURITY," as defined in the Book-Entry Procedures for FNMA Securities, 24 C.F.R (S)(S) 81.41-81.49 (the "FNMA BOOK-ENTRY PROCEDURES"), or a FHLMC Mortgage Security that constitutes a "FHLMC BOOKENTRY SECURITY," as defined in the Federal Home Loan Mortgage Corporation Book-Entry Regulations, 1 C.F.R. (S)(S)
Mortgage Security. As security for all sums due or which will become due from HEC to AAEDC, HEC shall execute a Mortgage to AAEDC in and to the following described real estate: Lots Three (3), Four (4) and Five (5) of Snap-On Industrial Park as recorded in the Plat as Document No. 2002-1701, located in part of the West Half of the Northwest Fractional Quarter (W'/zNWfrl/) of Section Six (6), Township Ninety-five (95) North, Range Twenty-eight (28), West of the 5th P.M., City of Algona, Kossuth County, Iowa. The mortgage shall include any and all improvements which may be constructed by HEC on the above-described real estate.
Mortgage Security. The Developer if it so desires shall be entitled to create security on the Project Land together with the building/s being constructed thereon (including the Building) by availing loans/financial assistance/credit facilities from banks/financial institutions, against securities thereof, save and except the Apartment/Flat allotted hereunder. The Developer shall be entitled to and be at liberty to sign mortgage deeds, loan agreements and other documentation whether legal or in English form or by way of deposit of title deeds, save and except the Apartment/Flat, provided the Developer shall be the principal debtor and it shall be the sole responsibility of the Developer to repay such loan amount with interest, charges and expenses thereon, in any case on or before the assignment/transfer of the Project Land (or any part thereof) and building/s constructed thereon in favour of the Association in accordance with Clause above. The Purchaser/s hereby gives express consent to the Developer to raise such financial facilities against security of the Project Land together with the building(s) being constructed thereon (including the Building) and mortgage the same with banks/financial institutions as aforesaid, save and except the Apartment/Flat agreed to be transferred hereunder.
Mortgage Security. 1.1 To secure up to $5.2 million of liability under 29 U.S.C. § 1362(a)(1) incurred upon any termination of the Pension Plan under 29 U.S.C. § 1341(c) or 29 U.S.C. § 1342 on or before the Agreement Termination Date, MAUI will, on or before the thirtieth (30th) day following the Effective Date, execute a first lien Mortgage in favor of PBGC (the "PBGC Mortgage") on the real property described in Exhibit A hereto (the "Mortgaged Property").
Mortgage Security. The Developer/Owner if it so desires shall be entitled to create security on the Project Land together with the building/s being constructed thereon (including the Building) by availing loans/financial assistance/credit facilities from banks/financial institutions, against securities thereof, save and except the Apartment/Flat allotted hereunder. The Developer/Owner shall be entitled to and be at liberty to sign mortgage deeds, loan agreements and other documentation whether legal or in English form or by way of deposit of title deeds, save and except the Apartment/Flat, provided the Developer/Owner shall be the principal debtor and it shall be the sole responsibility of the Developer/Owner to repay such loan amount with interest, charges and expenses thereon, in any case on or before the assignment/transfer of the Project Land (or any part thereof) and building/s constructed thereon in favour of the association / apex body / apex bodies in accordance with Clause above. The Purchaser/s hereby gives express consent to the Developer/Owner to raise such financial facilities against security of the Project Land together with the building(s) being constructed thereon (including the Building) and mortgage the same with banks/financial institutions as aforesaid, save and except the Apartment/Flat agreed to be transferred hereunder.
Mortgage Security. Delivery of a Mortgage Security for inclusion in the Borrowing Base requires delivery to the Custodian of the following Collateral Papers, each of which must be in form and substance satisfactory to Seasoned Warehouse Agent, in the following manner:
1. A Submission List that, among other things, identifies the documents being delivered to the Custodian. 163
Mortgage Security. Delivery of a Mortgage Security to support a Dry Borrowing requires delivery to Administrative Agent of the following Collateral Documents -- each of which must be in form and substance satisfactory to Administrative Agent -- in the following manner:
1. A Collateral-Delivery Notice that, among other things, identifies all documents being delivered to Lender for that Dry Borrowing.
