Existing Mortgage definition

Existing Mortgage has the meaning specified in Section 5.02(a)(vi).
Existing Mortgage has the meaning provided in Schedule 3 to the Participation Agreement.
Existing Mortgage has the meaning set forth in Section 3.6.

Examples of Existing Mortgage in a sentence

  • Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ .

  • In all events, all debts, obligations, charges, liabilities and liens with respect to the Project shall be fully paid and satisfied or credited or paid to SCOLP on the Contribution Date, except only the Existing Mortgage and the lien for taxes not yet due and payable.

  • She believes in education and connection within the artistic world in figure skating.

  • If any parcel of Owned Real Property is encumbered by one or more existing mortgages (each, an "Existing Mortgage"), no written notice has been received from the mortgagee(s) asserting that a default or breach exists thereunder or under any note or other obligation secured thereby which remains uncured.

  • The Grantor and the Grantee each agree that, except as amended hereby, the Existing Mortgage shall remain in full force and effect and is in all other respects ratified and confirmed.


More Definitions of Existing Mortgage

Existing Mortgage means that certain Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of February 24, 2017 by Odyssey Drive I, Ltd. in favor of the Collateral Agent with respect to the Alabama Property, as amended.
Existing Mortgage means the Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and Financing Statement, dated as of September 4, 2014, between the Company and the Purchasers pursuant to which the Company conveyed a mortgage to the Lender (as defined therein) on certain leases and leasehold estates in Kansas, which mortgage has been filed in the Register of Deeds in Wxxxxx County in Kansas on October 20, 2014 and recorded in Book 374 at Page 712.
Existing Mortgage shall have the meaning assigned to such term in Section 15.1.
Existing Mortgage means an agreement, including, but not limited to, a mortgage, deed of trust or any other document, creating and evidencing a second priority Lien on a Mortgaged Property securing the Existing Notes, in each case, with such schedules and including such provisions as shall be necessary to conform such document to applicable local or foreign law or as shall be customary under applicable local or foreign law.
Existing Mortgage means, collectively, the mortgage and security agreement, assignment of rents and leases and/or similar documents, encumbering the Land, executed by the Company for the benefit of Morgxx Xxxnxxx Xxxtgage Capital, Inc. ("Lender") securing indebtedness ("Existing Indebtedness") in the original principal amount of Twelve Million Dollars ($12,000,000), and certain UCC filings executed by the Company in connection therewith, showing the Company as debtor and the Lender as the secured party.
Existing Mortgage has the meaning set forth in subsection 5.10A.