Existing Mortgaged Property means the owned Real Property of Innovex owned prior to the Closing Date and subject to a Mortgage in favor of Agent prior to the Closing Date.
Existing Mortgaged Property means each Mortgaged Property encumbered by a Mortgage as of the date hereof.
Existing Mortgaged Property has the meaning assigned to that term in Section 5.12(c).
Examples of Existing Mortgaged Property in a sentence
Within 90 days following the Restatement Effective Date (or such later date as the Administrative Agent may agree), the Borrower shall deliver to the Collateral Agent all Real Estate Asset Deliverables (other than those listed in clause (vi) of such definition) with respect to any Term Priority Collateral that is a Real Estate Asset (other than any Existing Mortgaged Property).
More Definitions of Existing Mortgaged Property
Existing Mortgaged Property each Mortgaged Property (as defined in the Existing Credit Agreement) existing immediately prior to the Restatement Effective Date.
Existing Mortgaged Property each property that is currently covered by a mortgage or deed of trust pursuant to the Existing Credit Agreement.
Existing Mortgaged Property means that certain real property located at 0000 XxXxxxxxx Xxxxx, Suite 300, Clearwater, Florida 33759.
Existing Mortgaged Property. A Mortgaged Property that is replaced by an Eligible Substitute Mortgaged Property pursuant to Section 3.02(a).
Existing Mortgaged Property has the meaning set forth in subsection 5.10A.
Existing Mortgaged Property means each Material Real Estate Asset on which a Mortgage has been granted prior to the Restatement Date.
Existing Mortgaged Property as defined in Section 5.1(k)(i).