MEC Mortgage definition

MEC Mortgage means the MEC Original Mortgage as amended by the MEC Amendment to Mortgage.
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MEC Mortgage means the Mortgage, Security Agreement and Fixture Filing, dated on or about the Closing Date, in substantially the form of Exhibit D-2 to the Credit Agreement, by MEC in favor of Collateral Agent.
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Examples of MEC Mortgage in a sentence

  • Reference is hereby made to the FEC Deed of Trust and the MEC Mortgage and the other Collateral Documents for the provisions, among others, relating to the nature and extent of the security provided thereunder, the rights, duties and obligations of Borrower and the rights of Administrative Agent, Collateral Agent and the other Secured Parties with respect to such security.

  • Certain guaranties of the Loans are secured in part by the FEC Deed of Trust and the MEC Mortgage encumbering certain properties in the States of Texas and Minnesota, in each case, solely to the extent provided therein.

  • Nothing herein shall affect the right of Administrative Agent to bring legal action or proceedings in any other competent jurisdiction, including judicial or non-judicial foreclosure of the FEC Deed of Trust or the MEC Mortgage.

  • The Lien of the Collateral Documents constitutes a valid and subsisting first priority lien of record on all the FEC Mortgaged Property described in the FEC Deed of Trust and MEC Mortgage described in the MEC Mortgage and a first priority perfected security interest in all the personal property described in the Collateral Documents, subject to no Liens except Permitted Liens.

Related to MEC Mortgage

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

  • Mortgage shall have the meaning assigned to such term in the recitals.

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

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.