Examples of Existing Mortgagee in a sentence
Indicate (a) if the Company owns any real property, (b) whether it is subject to a prior mortgage in favor of a third party and (c) whether collateral is located there: Full Property Address Subject to Existing Mortgage (Y/N) Existing Mortgagee Mortgage Debt Secured Type of Collateral and Aggregate Value None.
Neither Existing Mortgagee nor any person Existing Mortgagee has authorized to act on its behalf has directly or indirectly offered any beneficial interest in or Security relating to the ownership of the Aircraft or any interest in the Trust Estate, or any of the Equipment Notes or any other interest in or Security under the Trust Indenture for sale to, or solicited any offer to acquire any of the same from, any Person in violation of the Securities Act or applicable state securities Laws.
There are no pending or, to the Actual Knowledge of Existing Mortgagee, threatened actions or proceedings against Existing Mortgagee before any court, governmental body, arbitration board, administrative agency or tribunal which, if determined adversely to Existing Mortgagee, would materially adversely affect the ability of Existing Mortgagee to perform its obligations under the Existing Mortgagee Agreements.
If for any reason whatsoever the Closing is not consummated on the Scheduled Closing Date, Existing Mortgagee may by telephonic notice, given by 5:00 p.m., New York City time (such telephonic notice to be promptly confirmed in writing by personal delivery or facsimile), on the Scheduled Closing Date to Lessee, Existing Lessor, each Participant, Owner Trustee and Mortgagee, designate a Delayed Closing Date.
Existing Mortgagee has taken, or caused to be taken, all necessary corporate action (including, without limitation, the obtaining of any consent or approval of stockholders required by its constitutional documents) to authorize the execution and delivery of each of the Existing Mortgagee Agreements, and the performance of its obligations thereunder.