First Mortgage Loan Agreement definition

First Mortgage Loan Agreement means the Loan Agreement constituting a First Mortgage Loan Document referenced on Schedule 2 hereto.
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First Mortgage Loan Agreement shall have the meaning set forth in the recitals hereof.
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First Mortgage Loan Agreement means that certain loan agreement, dated as of August 2, 2010 by and between IHFC Properties, as borrower, and Lender, as lender.
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Examples of First Mortgage Loan Agreement in a sentence

  • Borrower has provided Lender with evidence reasonably satisfactory to Lender that First Mortgage Borrower has obtained terrorism insurance in the amounts required pursuant to Section 5.1(x) of the First Mortgage Loan Agreement.

  • Notwithstanding anything to the contrary contained in this Agreement, in the event that the First Mortgage Lender terminates and replaces Manager pursuant to the terms of a First Mortgage Loan Agreement, the Mezzanine Lender shall have no right of approval over the replacement Manager selected by the First Mortgage Lender for so long as such First Mortgage Loan is outstanding.

  • Borrowers shall comply, at all times during the term of the Loan, with Section 2.6 of the First Mortgage Loan Agreement.

  • According to Figure 4.19, the most important job satisfaction factors for the IM department were communication, opportunities for learning and growth, stimulating tasks, good working conditions, promotional opportunities and recognition.

  • The PCA Choice option gives the participant the responsibility to select their support worker.

  • Borrowers shall pay all Taxes and Other Charges now or hereafter levied or assessed or imposed against the Properties or any part thereof prior to the date upon which any interest or late charges shall begin to accrue thereon, subject to the terms and provisions of Section 7.2 of the First Mortgage Loan Agreement.

  • Such substitute agreements shall provide that all Rents, Money and other items of Gross Revenue (as defined in the applicable First Mortgage Loan Agreement) shall be deposited by the relevant First Mortgage Loan Borrower directly into the Mezzanine Cash Collateral Account for disbursement in accordance with the terms of the Mezzanine Cash Collateral Account Agreement.

  • With respect to any provisions incorporated by reference herein from the First Mortgage Loan Agreement, such provisions shall be deemed a part of this Agreement notwithstanding the fact that the First Mortgage Loan shall no longer be effective for any reason.

  • In the event of any conflict between the terms and provisions of this Agreement and/or the terms and provisions of any of the other Loan Documents and the terms and provisions of the First Mortgage Loan Agreement or the Standstill Agreement, the parties hereby acknowledge and agree that the terms and provisions of the First Mortgage Loan Agreement or the Standstill Agreement, as applicable, shall govern and control in all respects.

  • If Lender notifies Borrower that the Loan to Value Test has not been satisfied, and Borrower believes that Lender’s determination of the value of the Property in connection with such calculation is incorrect, then Borrower may cause Mortgage Borrower to initiate the appraisal process set forth in the First Mortgage Loan Agreement.


More Definitions of First Mortgage Loan Agreement

First Mortgage Loan Agreement means individually and collectively those certain Loan Agreements relating to the First Mortgage Loan, of even date herewith, between Owner and First Mortgage Lender as the same may be amended, modified or supplemented from time to time.
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First Mortgage Loan Agreement means that certain loan agreement, ----------------------------- dated as of the date hereof, by and among First Mortgage Lender, as lender, Borrower, as borrower and Operator, as guarantor.
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First Mortgage Loan Agreement. The Loan Agreement, dated as of the First Closing Date, among each of the SPE Owners, as borrowers, and Bank of America, N.A. and Connecticut General Life Insurance Company, as lenders.
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Related to First Mortgage Loan Agreement

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.