Mexican Mortgage definition

Mexican Mortgage means that certain first priority Mexican Mortgage (Hipoteca en Primer Lugar y Grado de Prelación) that Sypris Mexico, as mortgagor (deudor hipotecario), creates in favor of the Agent, for its own benefit and on behalf and for the benefit of the Secured Parties (as defined in the Intercreditor Agreement), as mortgagee (acreedor hipotecario), over the Toluca Property.
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Mexican Mortgage means the Mexican law First Priority and Ranking Mortgage (or comparable document), dated on or after the Closing Date, relating to the Mexican Real Property and the Mexican Project, executed and delivered by Core Mexico to secure the Mexican Note, as the same may from time to time be amended, restated or otherwise modified.
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Mexican Mortgage means a mortgage and Lien, under and pursuant to the laws of Tamaulipas, Mexico, which creates and grants the Lender a first priority security interest in the Mexican Property.
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Examples of Mexican Mortgage in a sentence

  • Agent shall have received evidence, in form and substance satisfactory to Agent, that (i) the Second Preemptive Notice with respect to the Mexican Mortgage has been filed for registration before the appropriate Public Registry of Property and Commerce, and (ii) the pledge pursuant to each Mexican Stock Pledge Agreement has been duly registered in the members or shareholders registry of Core Mexico.

  • Scale without Growth: INFONAVIT’s expansion in the Mexican Mortgage Market.” Kennedy School of Government Case Program CR16-07-1863.0. 2007, 5.

  • Within 120 days following the Closing Date, the Mexican Mortgage shall have been duly executed and delivered by Lakeland US and Lakeland Mexico and recorded in the appropriate recording office, and evidence of said recording shall have been delivered to Lender.

  • Within fourteen (14) days after the Closing Date, the Borrower shall cause Mexican counsel to the Mexican Subsidiary shall deliver to Lender a legal opinion regarding due authority of the Mexican Subsidiary to execute and deliver the Mexican Guaranty, Mexican Security Agreement and Mexican Mortgage, in a form reasonably acceptable to the Lender in the Lender’s sole and absolute discretion.

  • Companies, at their expense, shall have prior thereto furnished Bank with customary title insurance or other assurance of title, survey and other documentation required to file the Mexican Mortgage, in each case in form and substance satisfactory to Bank.

  • Except for the filing of UCC-1/Financing Statements and Mexican Mortgage as noted herein, no approval, consent or authorization of, or filing or registration with, any governmental commission, bureau or other regulatory authority or agency is required with respect to the execution, delivery or performance of any Loan Document.

  • Additionally the Mexican Subsidiary will execute a guaranty agreement (the “Mexican Guaranty”), which will be unlimited in amount, unconditional and will be secured by a pledge of all assets owned by the Mexican Subsidiary and the Mexican Mortgage.


More Definitions of Mexican Mortgage

Mexican Mortgage means a mortgage, deed of trust or similar instrument effective under the laws of Mexico to create a lien upon and security interest in favor of Lender in all right, title and interest of Lakeland Mexico in the real property known as [Address].
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Mexican Mortgage means a mortgage (or equivalent security instrument) of the real estate located in Mexico owned by Mexican Subsidiary.
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Related to Mexican Mortgage

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

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

  • 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.

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

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

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

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • 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.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

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

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Relief Act Mortgage Loan Any Mortgage Loan as to which the Scheduled Payment thereof has been reduced due to the application of the Relief Act.

  • 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.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

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

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.