Existing Mortgage Loan definition

Existing Mortgage Loan means a loan secured by a Mortgage or Deed of Trust made by a Mortgage Lender to: (i) a Person of Low or Moderate Income to finance the purchase of an owner-occupied single family residence in the state; or (ii) to a person or entity to finance multiple-family, transitional and congregate dwelling projects for persons and families of low or moderate income, which loan was made prior to the date of submission by the Mortgage Lender of its Application.

Existing Mortgage Loan means the loan from U.S. Bank National Association secured by the Existing Mortgage.

Existing Mortgage Loan means the mortgage loan in the initial principal amount of $34,000,000 made by Jxxx Hxxxxxx Life Insurance Company to Dxxxxxxx, the proceeds of which were used by Dxxxxxxx to finance the purchase of the Distribution Center, which loan matures in July 2023.

Examples of Existing Mortgage Loan in a sentence

• The prior pledge of an Eligible Loan that is a part of the Existing Mortgage Loan Portfolio pursuant to the Warehousing Credit Agreement shall not violate any covenant, representation or warranty under this Agreement regarding a prior pledge of any Eligible Loan.

• The sale and purchase of the Existing Mortgage Loan Portfolio will not be a preference, voidable transfer, fraudulent conveyance, or otherwise in violation of the Bankruptcy Code or any similar state or federal law.

• The Court has before it the Debtors’ Assented Emergency Motion for Approval of Loan Modification of Existing Mortgage Loan on Home (Doc.

• Tenant covenants and agrees that it will not, to the extent within the control of Tenant, violate or breach or take any action which would cause a violation or breach of any of the terms, covenants, or conditions of the Existing Mortgage Loan.

• At the Closing, effective upon the effectiveness of the Existing Mortgage Loan Assumption, each Purchaser shall be credited with payment of that portion of the Purchase Price equal to the percentage specified on Exhibit E attached hereto (the “Applicable Percentage”) of the unpaid principal balance of the Existing Mortgage Loan as of the Closing (as to each Purchaser, the “Existing Mortgage Loan Unpaid Principal Balance Credit”).

More Definitions of Existing Mortgage Loan

Existing Mortgage Loan. As defined in Section 15.4.

Existing Mortgage Loan means that certain mortgage loan evidenced by (i) that certain Promissory Note dated as of April 1, 2008 (the “Existing Note”) by Seller, as borrower (“Borrower”) in favor of PB Capital Corporation, a Delaware corporation (“Lender”), as agent for the lenders more particularly set forth in the Existing Loan Agreement (defined below), (ii) that certain Loan Agreement dated April 1, 2008 (the “Existing Loan Agreement”) by and between Seller, as Borrower, and Lender, and (iii) those certain other loan documents described as “Loan Documents” in the Existing Loan Agreement (collectively, with the Existing Note and the Existing Loan Agreement, the “Existing Loan Documents”).

Existing Mortgage Loan means that certain mortgage loan from Existing Mortgage Lender to Contributor, in the original principal amount of $120,000,000, made pursuant to the Existing Mortgage Loan Agreement.

Existing Mortgage Loan. That certain loan in the aggregate principal amount of $64,640,000, evidenced by four promissory notes dated December 31, 1990, payable to UBS Mortgage Finance Inc. ("Lender") in the original principal amounts of $28,441,600, $13,574,400, $13,574,400 and $9,049,600, respectively.

Existing Mortgage Loan means [if applicable – “, individually and collectively,”] the mortgage loan[s] made by [●], [a/an] [●] [●] to Seller, pursuant to that certain [Promissory Note] dated [●], [●], in the original principal amount[s] of $[●].

Existing Mortgage Loan means that certain loan in the original principal amount of $140,000,000, made pursuant to that certain Loan Agreement, dated as of August 29, 2006, by and between UBS Real Estate Investments, Inc., as lender, and Property Owner, as borrower, which loan is secured by one or more mortgages on the Property.

Existing Mortgage Loan means that certain mortgage loan in the original amount of $13,135,000 to the Company from East Boston Savings Bank dated as of May 27, 2015.