Existing Mortgagee definition
Examples of Existing Mortgagee in a sentence
No Person acting on behalf of Existing Mortgagee is or will be entitled to any broker's fee, commission or finder's fee in connection with the Transactions, except for the underwriters' fees and commissions payable with respect to the public offering of the Pass Through Certificates and the fees and expenses of Equity Advisor.
Existing Mortgagee agrees to give Lessee, Existing Lessor, Participants, Owner Trustee, and Mortgagee at least five Business Days' written notice of the Scheduled Closing Date.
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.
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.
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.