Existing Mortgage Debt definition
Examples of Existing Mortgage Debt in a sentence
Any additional documents that the Property Entities or the holders of the Existing Mortgage Debt may reasonably require for the proper consummation of the transactions contemplated by this Agreement.
Contributor shall, at Contributor’s sole cost and expense, prior to Closing, deliver to Acquirer documentation from Uniform Commercial Code (“U.C.C.”) searches confirming that there are no U.C.C. filings against Contributor which would be a lien on the Property, including the Personal Property, involved in this transaction other than Existing Mortgage Debt.
Contributor and ▇▇▇▇▇▇▇, jointly and severally, shall be responsible and pay for any and all accrued and unpaid interest, prepayment penalties, expenses, late charges, legal fees, protective advances and all other costs and fees which are attributable to the Existing Mortgage Debt, due to the holder of the Existing Mortgage Debt other than the outstanding principal amount thereof (the "Existing Principal Amount").
The aggregate principal amount of the Existing Mortgage Debt which is outstanding under the Loan Documents is $202,000,000.
The aggregate principal amount of Existing Mortgage Debt, plus current interest through the First Closing Date, provided, however, that to the extent any such indebtedness is nonrecourse, the Partnership shall assume such nonrecourse Existing Mortgage Debt (subject to the nonrecourse provisions relating thereto).