First Lien Mortgages definition

First Lien Mortgages means a collective reference to each mortgage, deed of trust and other document or instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any First Lien Obligations or under which rights or remedies with respect to any such Liens are governed.

First Lien Mortgages means a collective reference to each mortgage, deed of trust and any other document or instrument under which any Lien on real property owned by any Grantor is granted to secure any First Lien Obligations or under which rights or remedies with respect to any such Liens are governed.

First Lien Mortgages means the mortgages, deeds of trust and other security documents granting a Lien on any fee owned real property or interest therein to secure the First-Lien Secured Obligations, each in a form reasonably satisfactory to the First-Lien Collateral Agent.

Examples of First Lien Mortgages in a sentence

• Promptly after the assertion or occurrence thereof, notice of any Environmental Action against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could (i) reasonably be expected to have a Material Adverse Effect or (ii) cause any property described in the First Lien Mortgages to be subject to any material restrictions on ownership, occupancy, use or transferability under any Environmental Law.

• Administrative Agent shall have no liability or obligation under any Ground Lease by reason of its acceptance of the First Lien Mortgages, this Agreement and the other Loan Documents.

• If any Lien granted by the First Lien Mortgages, in whole or in part, shall terminate or shall cease to be effective or shall cease to be a perfected first priority Lien, subject to the Permitted Borrowing Base Liens (except in any of the foregoing cases in accordance with the terms hereof or under any other Loan Document or by reason of any affirmative act of Lender).

• Junior Lien Mortgage losses are projected using a similar method to that of First Lien Mortgages.

• Administrative Agent shall have received evidence that the UCC financing statements relating to the First Lien Mortgages and the Agreement have been delivered to the Title Company for filing in the applicable jurisdictions.

More Definitions of First Lien Mortgages

First Lien Mortgages means (i) the first priority Deed of Trust, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents, Hotel Revenue and Security Deposits, dated as of the Third Amendment Closing Date, executed and delivered by the applicable Borrowing Base Entities to Administrative Agent on behalf of Lenders and encumbering the Ritz Xxxxxxx Xxxxxx Niguel, (ii) the first priority Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases, Rents, Hotel Revenue and Security Deposits or Deed of Trust, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents, Hotel Revenue and Security Deposits, dated as of the Third Amendment Closing Date, executed and delivered by the applicable Borrowing Base Entities to Administrative Agent on behalf of Lenders and encumbering the Four Seasons Washington, D.C., (iii) the first priority Mortgage, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents, Hotel Revenue and Security Deposits or Deed of Trust, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents, Hotel Revenue and Security Deposits, dated as of the Third Amendment Closing Date, executed and delivered by the applicable Borrowing Base Entities to Administrative Agent on behalf of Lenders and encumbering the Marriott Lincolnshire, and (iv) the Irrevocable Administration and Security Trust Agreement with Reversion Rights, dated the Third Amendment Closing Date, executed and delivered by the applicable Borrowing Base Entities to the Trustee and encumbering the Initial Borrowing Base Properties located in Mexico, as any such instrument may be amended, restated, replaced, supplemented or otherwise modified from time to time.”.

First Lien Mortgages means any mortgage recorded in favor of the First Lien Administrative Agent which secures the First Lien Lender Claims, as amended from time to time.

First Lien Mortgages means the "Mortgages", as defined in the First Lien Credit Agreement.

First Lien Mortgages means, collectively, each mortgage, deed of trust and any other document or instrument under which any Lien on any Oil and Gas Properties owned by any Grantor is granted to secure any First-Lien Obligations or under which rights or remedies with respect to any such Liens are governed, as the same may be amended, supplemented, restated, modified and/or Refinanced from time to time.

First Lien Mortgages has the meaning specified in Section 3.01(b)(iv).

First Lien Mortgages means, collectively, the Existing Mortgage, as modified by the amendment in substantially the form of Exhibit H-1 hereto (with such changes as may be reasonably satisfactory to the Administrative Agent and its counsel to account for local law matters) and covering the Borrower’s Orrville, Ohio fertilizer plant (the “Existing Mortgage Supplement”), (ii) the mortgage in substantially the form of Exhibit H-2 hereto (with such changes as may be reasonably satisfactory to the Administrative Agent and its counsel to account for local law matters) and covering the Borrower’s Noblesville, Indiana plant (the “New Mortgage”) and (iii) each other mortgage delivered pursuant to Section 6.11, in each case as amended.

First Lien Mortgages means the “Mortgages” as defined in the First Lien Credit Agreement.