First Mortgages definition

First Mortgages means all first priority ship mortgages, dated [●], 2016 in favor of the First Mortgagee covering the Vessels.

First Mortgages means the First Mortgage – Construction Financing and the First Mortgage – Permanent Financing.

First Mortgages means, any two (2) or more First Mortgages or, as the context may require, all of the First Mortgages in respect of the Property.

Examples of First Mortgages in a sentence

• The following provisions are for the benefit of holders, insurers or guarantors of First Mortgages.

• If requested by the Bank, Borrower shall furnish to the Bank a written report covering such matters regarding the Collateral as the Bank may require, including, without limitation: listings of First Mortgages and Securities and unpaid principal balances thereof; and certifications concerning the status of payments of First Mortgages and of taxes and Insurance on properties securing First Mortgages and Other Real Estate Related Collateral.

• All such action as will be necessary or advisable to establish such Lien of the Collateral Agent and its priority as described in the preceding sentence will be taken at or prior to the time required for such purpose, and there will be as of the date of execution and delivery of the First Mortgages not necessity for any further action in order to protect, preserve and continue such Lien and such priority.

• Detailed summaries of all EPR Senior Property Loans and related EPR Senior First Mortgages, in form and substance reasonably satisfactory to the Agent.

• LRRCU.orgThis promotion is only applicable to consumer loans and excludes MasterCard, Fixed Rate Home Equity, Home Equity Lines of Credit and First Mortgages.

More Definitions of First Mortgages

First Mortgages or"First Mortgagee(s)" shall mean and refer to one having priority as to all of the other Mortgages or holders of Mortgages encumbering the same Lot, the Common Area or any other portions thereof.

First Mortgages means the first priority mortgage and the deed of covenants collateral thereto to be executed and recorded by the relevant Owner against each of the Units in the Bahamas Ship Register (or such other ship register acceptable to the Agent) in favour of the Agent as security for the obligations of the relevant Owner under the Finance Documents in relation to the Senior Facilities, in such form and substance the Agent may require.

First Mortgages means the First Naval Mortgage covering the Drillship dated as of August 6, 1998 between Transocean Hull No. 275 S. de X.X. and the Collateral Agent, as assumed by the Borrower and the First Naval Mortgage covering the Rig dated as of January 17, 1997, between the Borrower and the Collateral Agent, as each mortgage may be amended, restated or supplemented from time to time.

First Mortgages means the English First Mortgages, the Scottish First Mortgages and the Northern Irish First Mortgages;

First Mortgages means that document (or those documents) identified on Exhibit B hereto as a “First Mortgage” or a “First Deed of Trust” executed by Borrower and encumbering real property legally described in Exhibit C hereto.

First Mortgages all or any of the First Security created or expressed to be created by or pursuant to this Deed. First Mortgaged Assets: the assets from time to time subject, or expressed to be subject, to the First Mortgages or any part of those assets.

First Mortgages means the first priority mortgage over each of the Vessels executed by each of the Owning Companies and the Security Agent under the USD 325 mill. Facility Agreement.