Building Loan Mortgage definition

Building Loan Mortgage means the Fee and Leasehold Building Loan Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing of even date herewith executed by Borrower in favor of Lender, as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Building Loan Mortgage shall have the meaning set forth in the Building Loan Agreement.

Building Loan Mortgage means that certain Building Loan Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement dated the date hereof, executed and delivered by Borrower to Lender as security for the Building Loan and encumbering the Property.

Examples of Building Loan Mortgage in a sentence

• The Building Loan Note and the Building Loan Mortgage are subject to the conditions, stipulations, agreements and covenants contained in this Agreement to the same extent and effect as if fully set forth therein until this Agreement is terminated by the completion of the Improvements and the payment in full of the Debt.

• This Contract is subject and subordinate to the lien of Seller’s Building Loan Mortgage.

• Borrower confirms the grants of security interest and liens under the Building Loan Mortgage, the Project Loan Mortgage, and the Collateral Account Pledge Agreement, and with respect to specific Project Documents, Borrower hereby confirms the grant of such security interest and liens under the applicable Assignment and Consent.

• The Building Loan shall be evidenced by the Building Loan Note and secured by the Building Loan Mortgage, the Building Loan Assignment of Leases and the other Building Loan Documents.

• The Borrower shall on demand of the Lender do any act or execute any additional documents required by the Lender to confirm the lien of the Building Loan Mortgage or comply with the Lien Law of the State of New York.

More Definitions of Building Loan Mortgage

Building Loan Mortgage. The term “Building Loan Mortgage” as used in this Agreement shall mean a certain mortgage and security agreement and assignment of lessors interest in leases and rents dated the date hereof in the principal sum of $11,000,000.00 executed and delivered by the Borrower and intended to be duly recorded in Bronx County, State of New York securing the Building Loan Note.

Building Loan Mortgage means the Existing Building Loan Mortgage prior to the date of the Second BLA Amendment and the assignment of Substitute Building Loan Mortgage B to BLP Unit Lender, and upon such assignment shall mean the Substitute Building Loan Mortgage A, encumbering the Remaining Premises.

Building Loan Mortgage means the “Mortgage” as defined in the Building Loan Agreement.

Building Loan Mortgage. Shall have the meaning set forth in the Recitals hereto.

Building Loan Mortgage. The Building Loan Mortgage and Security Agreement made by the Borrower, as mortgagor, in favor of the Administrative Agent in its capacity as the Collateral Agent, as mortgagee, to secure the principal amount of $5,760,620 pursuant to which the Borrower grants for the benefit of DOE a mortgage encumbering all of its rights to the Project Site and the Improvements.

Building Loan Mortgage has the meaning assigned to such term in Section 1.1 of the Building Loan Agreement.

Building Loan Mortgage. That certain Building Loan Mortgage and Security Agreement from Borrower to Administrative Agent in the amount of the Building Loan, dated as of the date hereof, encumbering the Premises, as a second lien (subject only to the Acquisition Loan Mortgage), and securing repayment of the Building Loan.