Initial Mortgage definition

Initial Mortgage means a Mortgage in respect of an Initial ---------------- Mortgaged Property.

Initial Mortgage means each Mortgage executed and delivered pursuant to Section 4.01(i).

Initial Mortgage has the meaning set forth in subsection 5.10A(i).

Examples of Initial Mortgage in a sentence

• The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans at the time of purchase being less than 10% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans at the Cut- off Date.

• On any Distribution Date following the date at which the remaining aggregate Principal Balance of the Mortgage Loans is less than 10% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-off Date plus the Original Pre-Funded Amounts, the Master Servicer may purchase, in whole, from the Trust the Mortgage Loans at a purchase price determined as provided in the Agreement.

• Based on its review and examination, and only as to the documents identified in such Initial Certification, the Trustee acknowledges that such documents appear regular on their face and relate to such Initial Mortgage Loan.

• The Depositor hereby represents and warrants to the Trustee with respect to each Initial Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Initial Mortgage Loans to it by the Seller, the Depositor had good title to the Initial Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.

• On any Distribution Date following the date at which the remaining aggregate Principal Balance of the Mortgage Loans is less than 10% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-off Date plus the Original Pre-Funded Amount, the Master Servicer may purchase, in whole, from the Trust the Mortgage Loans at a purchase price determined as provided in the Agreement.

More Definitions of Initial Mortgage

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 5873, Page 25 in the Atlantic County Clerk's Office, State of New Jersey.

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 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 a Mortgage in respect of an Initial Mortgaged Property, which Mortgage shall, in the case of each Initial Prior Mortgaged Property, constitute an Amendment Document.

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 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 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.