Guarantor Mortgages definition

Guarantor Mortgages means one or more of those security instruments, in form and content approved by Administrative Agent, executed by each of Guarantors in favor of Administrative Agent, for the benefit of Administrative Agent and Lenders, pursuant to which such Guarantor has granted, on a first priority basis, a Lien on substantially all of its now owned or hereafter acquired real property, as amended, modified, supplemented, extended or restated from time to time.
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Guarantor Mortgages means continuing collateral mortgages in form and content acceptable to the Bank pursuant to which Pax and South Carolina shall grant the Bank a mortgage of first priority in the Guarantor Premises.
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Guarantor Mortgages means, collectively, each Guarantor ------------------- Mortgage executed by a Subsidiary Guarantor for the benefit of the Agent, substantially in the form of EXHIBIT J. --------- "Guarantors" means, collectively, the Parent Guarantor and ---------- the Subsidiary Guarantors.
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Examples of Guarantor Mortgages in a sentence

  • The terms and conditions specified in the Guide governing the sale of Mortgages to Xxxxxxx Mac in exchange for PCs will apply to Junior Guarantor Mortgages, except as modified by this Agreement.

  • Junior Guarantor Mortgages are Mortgages permitted to be sold to Xxxxxxx Mac in exchange for Junior Guarantor PCs described in the Exhibit to this Attachment titled “ELIGIBLE JUNIOR GUARANTOR PRODUCTS”.

  • Junior Guarantor PCs are Xxxxxxx Mac PCs backed by pools of Junior Guarantor Mortgages with the characteristics described in this Attachment.

  • Within the same trade month that Seller enters into a forward trade to sell a Junior Guarantor PC to SS&TG, Seller shall contact Xxxxxxx Mac’s Commitment Services Department (703-761-7170) to enter into a binding commitment to sell eligible Junior Guarantor Mortgages to Xxxxxxx Mac in exchange for the Junior Guarantor PCs that will be sold to SS&TG.

  • Seller may sell eligible Junior Guarantor Mortgages in exchange for Junior Guarantor PCs in accordance with the terms of this Attachment.

  • Provided that Seller elects the Accelerated Remittance Cycle in connection with its sale of eligible Junior Guarantor Mortgages to Xxxxxxx Mac, the guarantee fee shall be 0.00 basis points for each Junior Guarantor Mortgage sold to Xxxxxxx Mac in exchange for a Junior Guarantor PC.

  • When delivering Junior Guarantor Mortgages to Xxxxxxx Mac, Seller shall use the product/program codes specified in the Exhibit to this Attachment titled “OFFER PRODUCT/PROGRAM CODES EXHIBIT”.

  • Eligible Junior Guarantor Mortgages that are adjustable rate mortgages are referred to as “Junior Guarantor ARMs”.

  • Yes, 100% mortgages are available, but only a handful of lenders offer them and you’ll need a guarantor to back you up (these are known as Guarantor Mortgages).

Related to Guarantor Mortgages

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Borrower or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Security Agreements means the U.S. Security Agreement and the Canadian Security Agreement.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Security Documents means the Security Agreement, the Mortgages, the Intellectual Property Security Agreement, the Pledge Agreement, the Facility Guarantee, and each other security agreement or other instrument or document executed and delivered pursuant to this Agreement or any other Loan Document that creates a Lien in favor of the Collateral Agent to secure any of the Obligations.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee the Obligations or any part thereof in form and substance reasonably acceptable to the Administrative Agent.

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

  • Deeds of Trust means, collectively, (i) the Deeds of Trust, Assignments, Security Agreements and Financing Statements, (ii) the Mortgages, Assignments, Security Agreements and Financing Statements, and (iii) the Deeds to Secure Debt, Assignments, Security Agreements and Financing Statements from the Borrowers, constituting Liens on the Mortgaged Sites as Collateral for the Loan as the same have been, or may be, assigned, modified or amended from time to time.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Guarantor Senior Debt of a Subsidiary Guarantor means all Obligations with respect to any Indebtedness of such Subsidiary Guarantor, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Indebtedness shall be on a parity with or subordinated in right of payment to such Subsidiary Guarantor's Guarantee. Without limiting the generality of the foregoing, (x) "Guarantor Senior Debt" shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • Purchase Money Mortgage means a mortgage secured by a first lien or junior lien taken or retained by the seller of real property to secure all or part of the purchase price of the property.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.