Initial Mortgage means that certain Indenture of Mortgage and Security Agreement dated as of April 17, 1996 between Mortgagor, as mortgagor, and First Bank National Association, a national banking association, as Collateral Agent, as mortgagee, in the initial principal sum of $1,200,000,000 and recorded April 18, 1996 in Mortgage Book 5874 Page 1 in the Atlantic County Clerk's Office, State of New Jersey.
Examples of Initial Mortgage in a sentence
THE SUBSEQUENT MORTGAGE LOANS MAY HAVE DIFFERENT CHARACTERISTICS THAN THE INITIAL MORTGAGE LOANS Each Subsequent Mortgage Loan will generally satisfy the eligibility criteria described in this prospectus supplement at the time of its sale to the trust.
More Definitions of Initial Mortgage
Initial Mortgage the first Mortgage placed on Phase 1A if such Mortgage has a term of at least 15 years prior to the date on which it may be called or become due (other than by reason of default) following the date of its first disbursement and which provides for amortization over a period of at least 30 years and any renewal, extension or replacement of such Mortgage entered into during such amortization period not in excess of the principal balance of such Mortgage at the time of such renewal, extension or replacement.
Initial Mortgage means that certain Amended and Restated Mortgage and ---------------- Security Agreement dated as of July 19, 1990, by and between Lender and Borrower, recorded in the public records of New York County in Reel 1712, Page 680, as amended by that certain First Amendment to Amended and Restated Mortgage, by and between Lender and Borrower, dated as of the date hereof, securing the Initial Note, as the same may be further amended from time to time.
Initial Mortgage means the first priority statutory Maltese mortgage of the Initial Ship executed or (as the context may require) to be executed by the Initial Borrower in favour of the Security Agent in the form set out in schedule 7;
Initial Mortgage means that certain Mortgage, Assignment of Production, Security Agreement and Financing Statement dated September 6, 1996 from the Company to the Noteholders granting a first priority lien in favor of the Noteholders on certain of the Company's existing Oil and Gas Properties located in the State of Louisiana or adjacent state waters and other related assets, as same may be amended, supplemented or restated from time to time.
Initial Mortgage means the first preferred Liberian mortgage of the Initial Ship executed or (as the context may require) to be executed by the Initial Borrower in favour of the Security Agent in the form set out in schedule 2 of the Second Supplemental Agreement;”; and
Initial Mortgage has the meaning set forth in subsection 5.10A(i).
Initial Mortgage has the meaning set forth in subsection 5.10A(i). "INITIAL MORTGAGED PROPERTY" has the meaning set forth in subsection 5.10A.