Applicable Mortgage definition
Examples of Applicable Mortgage in a sentence
Notwithstanding the foregoing, to the extent such excess was caused by a change in the Applicable Mortgage Constant and the Applicable Mortgage Constant exceeds 14% for 14 consecutive days, then, until the date that the Applicable Mortgage Constant falls below 14%, the Applicable Mortgage Constant for purposes of this Section shall be deemed to be an average of the Applicable Mortgage Constant for each day determined for the 30 day period ending on such date of determination.
Any and all Alterations to any Individual Property shall without further act become the property of the Landlord and subject to the Lien of the Applicable Mortgage, except for trade fixtures, movable equipment or furniture owned by the Tenant.
Since January 1, 2018, the Bank has filed all reports, notifications and other filings required to be filed with any Regulatory Authority pursuant to all Applicable Mortgage Business Requirements (and has paid all fees and assessments due and payable in connection therewith).
The insurance required by the Applicable Mortgage will be in full force and effect, and all premiums which have become due or are due with respect to the insurance required to be provided by Borrower in respect of the Applicable Aircraft or required under Section 4.6 of the Applicable Mortgage will have been paid and no notice of cancellation has been given by any insurer with respect to such insurances.
Reduce Lender's claim to judgment, foreclose, or otherwise enforce each and every assignment of an Applicable Mortgage and/or any other Lien or security interest in all or any part of the Collateral by any available judicial or other procedure under law.
Under no circumstances shall Borrower execute and deliver any partial releases from the Lien of an Applicable Mortgage unless and until the Release Fee that corresponds to the Unit or Interval in question, pursuant to the Applicable Underlying Loan Documents, has been paid to and received by Lockbox Agent or if a default or event of default has occurred under such Applicable Underlying Loan Documents.
Lender shall have no obligation to release the lien of the Applicable Mortgage if, at the time of Borrower's request for such release, or at the time such release is to be completed, there shall exist any Default or Event of Default.
For each Applicable Mortgage, ▇▇▇▇▇▇▇ Mac shall deliver all basic loan data required by the Insurer to determine that the Applicable Mortgages will be covered under the MPI Policy, and to calculate the applicable premiums.
A promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of Borrower, evidences an Applicable Underlying Loan, and may be secured in part by an Applicable Mortgage.
As a condition of ▇▇▇▇▇▇▇ Mac entering into the Master Agreement, effective with the date of this Pool Insurance Agreement, Seller agrees that, except for payment of all required premium(s) and the delivery of information specifically undertaken by ▇▇▇▇▇▇▇ Mac in accordance with Section IV, below, Seller shall take all actions necessary to maintain an MPI Policy covering each Applicable Mortgage.