Initial Mortgages definition

Initial Mortgages has the meaning assigned to such term in Section 4.01(a)(v).

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Initial Mortgages means the four individual Mortgage Loans incurred by the Initial Property Owners to acquire the Initial Properties;

Initial Mortgages means the mortgage with respect to the Janesville, WI Parcel and the mortgage with respect to the Glencoe, MN Parcel.

Examples of Initial Mortgages in a sentence

• Domestic Borrowers and the Subsidiary Guarantors have executed and delivered pursuant to the terms of the Credit Agreement, the Initial Mortgages and shall from time to time pursuant to the terms of the Credit Agreement execute and deliver Additional Mortgages, in each case securing a Real Property Asset owned by such Domestic Borrower or Subsidiary Guarantor (the Initial Mortgages and the Additional Mortgages are referred to herein as the "Mortgages").

• Such security interest shall be granted in the Initial Mortgages or in such other instruments as the Lender may reasonably require, and the Borrower shall execute and deliver such UCC financing statements as the Lender may reasonably require in connection therewith.

• In addition, the Borrower shall have paid to the Title Companies all expenses and premiums of the Title Companies in connection with the issuance of such policies and an amount equal to the recording and stamp taxes (including mortgage recording taxes) payable in connection with recording the Initial Mortgages in the appropriate county land offices.

• Concurrently with the execution and delivery of this Agreement on the Restatement Date, Parent will grant the Lender the Initial Mortgages with respect to the Janesville, WI Parcel and the Glencoe, MN Parcel.

• Upon a Default under Section 39, if the Escrow Mortgages have not yet been recorded, Lenders may record the Escrow Mortgages, and obtain a mortgagee's title insurance policy on the Initial Mortgages and the Escrow Mortgages.

More Definitions of Initial Mortgages

Initial Mortgages shall have the meaning assigned to such term in Section 6.01(g).

Initial Mortgages means those certain Mortgages to be executed and delivered pursuant to the Post Closing Requirements, by Borrower to Administrative Agent, for its benefit and the benefit of Lenders, each in form and substance reasonably satisfactory to Administrative Agent and its counsel (including local counsel).

Initial Mortgages means the Mortgages to be sold by PSFL to PPF and by PPF to the Issuer pursuant to this Agreement and brief details of which are to be set out in the Annexures to this Agreement;

Initial Mortgages collectively, the first and second Mortgages executed by each of the Initial Borrowers, each Initial Borrower having executed a first and second Mortgage encumbering the Initial Property owned by such Initial Borrower.

Initial Mortgages means Mortgages encumbering each fee owned Real Property Asset listed in Schedule 4.1K annexed hereto (each a “Initial Mortgaged Property” and, collectively, the “Initial Mortgaged Properties”).

Initial Mortgages means deeds of trust and/or mortgages on the 25 Properties. To the extent that one or more properties that are included in the 25 Properties are subject to a First Union Mortgage, such First Union Mortgage shall be amended and restated on the Closing Date.

Initial Mortgages has the meaning specified in Section 3.1(j)(i).