Examples of Closing Date Mortgage in a sentence
The Trustee, as assignee or transferee of the Company, shall be entitled to all scheduled principal payments due after the Cut-off Date, all other payments of principal due and collected after the Cut-off Date, and all payments of interest on the Closing Date Mortgage Loans.
On the Closing Date, the Closing Date Mortgage Loans will conform in all material respects to the description thereof contained in the Prospectus and the representations and warranties contained in this Agreement will be true and correct in all material respects.
Each Closing Date Mortgage shall be in proper form for recording in all applicable jurisdictions where the property encumbered thereby is located.
The Collateral Agent shall have received (with a copy to the Administrative Agent) a fully executed and notarized mortgage or deed of trust from each Guarantor (each a "Closing Date Mortgage") encumbering all of such Guarantor's Closing Date Mortgaged Property as security for the payment and performance of the Secured Obligations.
The Closing Date Mortgage Policies shall (i) include endorsements providing mechanics' lien coverage and such other coverages as are reasonably requested by the Administrative Agent, and (ii) provide for such affirmative insurance, gap coverage and reinsurance as the Administrative Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to the Administrative Agent.