Assigned Mortgages definition

Assigned Mortgages means, collectively, the Assigned Empire State Mortgage and each Assigned Revolver Secured Mortgage.
Sample 1Sample 2Sample 3
Assigned Mortgages means (a) the Mortgage encumbering the Individual Property known as Sooner Mall, located in Norman, Oklahoma and (b) the Mortgage encumbering the Individual Property known as River Hills Mall, located in Mankato, Minnesota; each securing a portion of the Assigned Property Parallel Note in the amount specified on the face of such Mortgage.
Sample 1
Assigned Mortgages has the meaning set forth in Section 6.19.
Sample 1

Examples of Assigned Mortgages in a sentence

  • Notwithstanding anything herein to the contrary, the Borrowers do not make the representations and warranties set forth in this Section 5.23 with respect to the Assigned Mortgages.

  • Said Assigned Notes have been assigned to Lender and are secured by the Assigned Mortgages (as defined in the Mortgage) and said Gap Note is secured by the Gap Mortgage and Security Agreement (the “Gap Mortgage”) of even date herewith made by Borrower to Lender, and such Assigned Mortgages have been consolidated, modified and extended and made coordinate with the Gap Mortgage.

  • Income Chart for Projects with Assigned Mortgages 10-19 Exhibit-3.

  • Instructions for Owners of Projects With Assigned Mortgages 10-18 Exhibit-2.

  • Notwithstanding anything to the contrary contained herein, (i) no more than one Special Revolving Advance shall be outstanding, and no more than one Assigned Mortgage shall be in effect, at any time and (ii) no more than three Special Revolving Advances will be made, and no more than three Assigned Mortgages, will be accepted by the Administrative Agent, during the term of the Facilities.

  • On or prior to June 15, 1997, Borrower shall have delivered a written notice to Agent in accordance with Section 3.02 requesting a Property Release with respect to the three Assigned Mortgages executed by AFP, as mortgagor, and within thirty (30) days of such notice, Borrower shall have satisfied all conditions listed in Section 3.02 prerequisite to Agent's delivery of a Property Release with respect to the three Assigned Mortgages executed by AFP, as mortgagor.

  • As of the initial Closing Date or the Closing Date of the applicable Future Advance, as the case may be, the parties shall amend and restate the Assigned Mortgages and Borrower shall execute and deliver the Assigned Property Parallel Note in favor of Administrative Agent for the benefit of the Lenders with respect to the Mortgage Assignment Properties.

  • If any single Assigned Mortgage executed by AFP Partners, a California limited partnership ("AFP"), as mortgagor, shall be disqualified as a Borrowing Base Property pursuant to the preceding, then all other Assigned Mortgages executed by AFP, as mortgagor, shall be disqualified as Borrowing Base Property concurrently therewith.

  • Each Parallel Note shall evidence a portion (equal to the face amount of such Parallel Note) of the same payment Obligations under the Loan Documents as those evidenced by the Notes and shall be secured by the Assigned Mortgages, in the case of the Assigned Property Parallel Note, or the Maryland Mortgage, in the case of the Maryland Parallel Note, but in no event shall any Parallel Note be deemed to be additional indebtedness of Borrower or of any Borrower Party.

  • On the date hereof, Borrower and the Joining NY Guarantors have caused the holders of the Assigned Mortgages to irrevocably assign in full such Assigned Mortgages to the Agent and such Assigned Mortgages are now owned by Agent for the benefit of the Lenders.


More Definitions of Assigned Mortgages

Assigned Mortgages means, collectively, the Mortgage with respect to the Properties located in the States of Michigan, Nevada, Virginia, and North Carolina assigned to Agent for the ratable benefit of the Lenders in connection with the closing of the Loan.
Sample 1
Assigned Mortgages means the Mortgages listed on Schedule 4.1D that secure obligations under the Existing Credit Agreement and will be assigned as of the Closing Date to Administrative Agent for the benefit of Lenders.
Sample 1
Assigned Mortgages means the mortgages to be transferred and assigned by NorRock Realty Finance
Sample 1
Assigned Mortgages means the Elmira Mortgage, the Hoosick Mortgage, the Xxxxxx Mortgage, and the FYS Mortgage.
Sample 1

Related to Assigned Mortgages

  • Permitted Mortgage means (a) any purchase money mortgage on such Principal Property prior to, simultaneously with or within 180 days after the later of (1) the acquisition or completion of construction or completion of substantial reconstruction, renovation, remodeling, expansion or improvement (each, a “substantial improvement”) of such Principal Property or (2) the placing in operation of such property after the acquisition or completion of any such construction or substantial improvement; (b) Mortgages on a Principal Property existing at the time of acquisition, including acquisition through merger or consolidation; (c) Mortgages existing on the date of the initial issuance of the Notes, Mortgages on assets of a corporation or other business entity existing on the date it becomes a Restricted Subsidiary or is merged or consolidated with the Company or a Restricted Subsidiary or at the time the corporation or other business entity sells, leases or otherwise disposes of its property as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary or Mortgages on the assets of a Subsidiary that is newly designated as a Restricted Subsidiary if the Mortgage would have been permitted under the provisions of this paragraph if such Mortgage was created while the Subsidiary was a Restricted Subsidiary; (d) Mortgages in favor of the Company or a Restricted Subsidiary; (e) Mortgages for taxes, assessments or governmental charges or levies that are not delinquent or that are being contested in good faith; (f) carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanic’s, landlords’ and other similar Mortgages arising in ordinary course of business that are not delinquent or remain payable without penalty or that are being contested in good faith; (g) Mortgages (other than any Mortgage imposed by the Employee Retirement Income Security Act of 1974) consisting of pledges or deposits required in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation; (h) easements, rights-of-way, restrictions, encroachments, imperfections and other similar encumbrances affecting real property that, in the aggregate, are not substantial in amount and do not in any case materially detract from the value of the Principal Property subject thereto or materially interfere with the ordinary conduct of the Company and its Subsidiaries’ business, taken as a whole; (i) Mortgages arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental regulation, including any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any real property; (j) Mortgages arising from filing Uniform Commercial Code financing statements relating solely to leases; and (k) Mortgages to secure Indebtedness incurred to extend, renew, refinance or replace Indebtedness secured by any Mortgages referred to above, provided that the principal amount of the extended, renewed, refinanced or replaced Indebtedness does not exceed the principal amount of Indebtedness so extended, renewed, refinanced or replaced, plus transaction costs and fees, and that any such Mortgage applies only to the same property or assets subject to the prior permitted Mortgage (and, in the case of real property, improvements).

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • FHA Approved Mortgagee means a corporation or institution approved as a mortgagee by the FHA under the National Housing Act, as amended from time to time, and applicable FHA Regulations, and eligible to own and service mortgage loans such as the FHA Loans.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Borrower or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • Covered Mortgage Loan Any Mortgage Loan that is covered by a PMI Policy.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Modified Mortgage Loan Any Mortgage Loan that has been the subject of a Servicing Modification.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Retained Mortgage Loan File A file for each Mortgage Loan maintained by the Servicer prior to any Document Transfer Date and by the Custodian after any Document Transfer Date that contains the documents specified in Section 2.01(b) of the Pooling and Servicing Agreement and any additional documents required to be added to the Retained Mortgage Loan File pursuant to the Pooling and Servicing Agreement.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Destroyed Mortgage Note A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.