Collateral Mortgages definition

Collateral Mortgages means collectively any deeds of trust, mortgages, deeds to secure debt, assignments, pledges, security agreements or other security instruments which secure any of the Collateral Notes, as the same may now or hereafter be modified, amended, extended, renewed, consolidated, restated or supplemented.

Collateral Mortgages means the second preferred Liberian mortgages in respect of the Collateral Vessels as the same may from time to time be amended or supplemented and "Collateral Mortgage" means any one of them;";

Collateral Mortgages means all of them collectively);

Examples of Collateral Mortgages in a sentence

• If an Event of Default occurs, then Lender or any person designated by Lender may (but shall not be obligated to) take any action (separately, concurrently, cumulatively, and at any time and in any order) permitted under any Laws, without notice, demand, presentment, or protest (all of which are hereby waived), to protect and enforce Lender’s rights under the Documents or Laws including the actions set forth in Section 3.02 of each of the Instruments and the Cross Collateral Mortgages.

• If both the lessor’s and lessee’s interest under any Lease ever becomes vested in any one person, neither any of the Instruments or the Cross Collateral Mortgages nor the lien and security interest created by the Documents shall be destroyed or terminated by the application of the doctrine of merger, and Lender shall continue to have and enjoy all its rights and privileges as to each separate estate.

• Subject to the other first lien rights of Heller and Sovereign as provided in the Intercreditor Agreement, upon xxxxxtion and delivery of the Additional Resort Collateral Assignments and execution and recording of the Additional Resort Collateral Mortgages, Lender will have a valid first lien in the Additional Resort Collateral.

• The Additional Resort Collateral Mortgages and modifications to the Land Mortgages shall have been duly recorded in the applicable land records for each state in which the Land and the Additional Resort Collateral is located.

• To further secure the payment and performance of the Obligations, Borrower shall also execute and deliver Lender: (i) the modifications to the Land Mortgages in the applicable form attached hereto as Exhibit A, granting Lender a first priority mortgage lien on the Land and (ii) the Additional Resort Collateral Mortgages, in the applicable form attached hereto as Exhibit A, granting Lender, a first priority mortgage lien on that portion of the Additional Resort Collateral consisting of real property.

More Definitions of Collateral Mortgages

Collateral Mortgages means the second preferred Liberian mortgages in respect of the Collateral Vessels to be granted by the relevant Collateral Owners in favour of the Lender, in such form and containing such terms and conditions as the Lender shall require and "Collateral Mortgage" means any one of them; "Collateral Owners" means the Xingang Collateral Owner, the Xxxxxx Collateral Owner and the Pantelis Collateral Owner and "Collateral Owner" means any one of them; "Collateral Vessels" means the Marinos Collateral Vessel, the Xxxxxx Collateral Vessel and the Pantelis Collateral Vessel and "Collateral Vessel" means any one of them; "Effective Date" means the date on which the Lender confirms to the Borrowers in writing substantially in the form set out in Schedule 1 that all of the conditions referred to in clause 2.1 have been satisfied, which confirmation the Lender shall be under no obligation to give if Event of Default shall have occurred and be continuing; "Xxxxxx Collateral Owner" means Xxxxxx Maritime Ltd, a company incorporated under the laws of the Republic of Liberia, having its registered address at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx; 4 "Xxxxxx Collateral Vessel" means the motor vessel named "XXXXXX" with IMO no. 9204477 built in Poland in 1999, currently registered under the flag of the Republic of Liberia in the ownership of the Xxxxxx Collateral Owner and everything now or in the future belonging to her on board and ashore; "Marinos Collateral Vessel" means the motor vessel named "MARINOS" with IMO no. 9053232 built in Germany in 1993, currently registered under the flag of the Republic of Liberia in the ownership of the Xingang Collateral Owner and everything now or in the future belonging to her on board and ashore; "Pantelis Collateral Owner" means Pantelis Shipping Corp., a company incorporated under the laws of the Republic of Liberia, having its registered address at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx; "Pantelis Collateral Vessel" means the bulk carrier vessel named "PANTELIS" with IMO no. 0000000 built in Japan in 2000, currently registered in the ownership of the Pantelis Collateral Owner under the flag of the Republic of Liberia and everything now or in the future belonging to her on board and ashore; "Pantelis Loan Agreement" means the loan agreement dated 15 December 2009 (as amended and supplemented form time to time) made between the Pantelis Collateral Owner (as borrower) and the Lender (as lender) for the purposes and pursuant to the terms and co...

Collateral Mortgages means the second priority statutory mortgages from the Double Hull Collateral Owners in the Agreed Form referred to in Clause 10.1.7 together with the Collateral Deeds of Covenants in the Agreed Form referred to in Clause 10.1.7 and "Collateral Mortgage" means any one of them.

Collateral Mortgages means each of the Platon Mortgage, the Kronos Mortgage, the Socrates Mortgage, the Rea Mortgage and the Zeus Mortgage and in the singular, means any of them;

Collateral Mortgages means both or either of them;

Collateral Mortgages means the charges of even date herewith made between Cayman Water Company Limited and the Trustee whereby the Cayman Water Company Limited charged the following parcels of land: (i) West Bay Beach North East Block 9A Parcel 8; (ii) West Bay Beach North Block 11D Parcel 40; (iii) West Bay Beach North Block 11D Parcel 8; (iv) West Bay Beach South Block 12D Parcel 79REM1/2; and (v) West Bay Beach North East Block 9A Parcel 469.

Collateral Mortgages means the mortgages in respect of the Collateral Vessels to be granted or to be granted by the relevant Collateral Owner in favour of the Lender, in such form and containing such terms and conditions as the Lender shall require and "Collateral Mortgage" means any one of them;"

Collateral Mortgages means those certain Deeds of Trust securing the Collateral Notes, as more fully described in Schedule 1 to the Collateral Assignment and Pledge Agreement.