Michigan Mortgage definition

Michigan Mortgage means the Mortgage of even date herewith, by and between the Michigan Property Owner and the JGB Agent with respect to the Michigan Property.

Michigan Mortgage means the Mortgage or even date herewith by and between the Michigan Property Owner and the JGB Agent with respect to the Michigan Property.

Michigan Mortgage means the mortgage, assignments of leases and rents, and all related documents securing the Obligations and encumbering the Real Property owned by Motor Products Corporation located in Owosso, Michigan together with all extensions, renewals, amendments, supplements, modifications, substitutions and replacements thereto and thereof.

Examples of Michigan Mortgage in a sentence

• The Michigan Mortgage Note is also collateralized by irrevocable letters of credit collateralized by the same two hotel properties located in Michigan.

• Issue or permit the issuance of additional Equity Interests in Michigan Property Owner, Aviation, Florida Property Owner, Circle 8 Holdco, LLC and/or Circle 8 Crane Services, LLC or transfer or permit the transfer of any outstanding Pledged Interests, except in accordance with the Michigan Mortgage or Florida Mortgage, as applicable.

• The Company shall pay to an Affiliate of the Manager, a monthly loan servicing fee ("Loan Servicing Fee") up to one percent (1.0%) per annum (i.e., one-twelfth of one percent per calendar month) of the then outstanding principal balance payable under Financing Receivables held by the Company and serviced by the Affiliate pursuant to its registration as a Mortgage Broker, Lender and Servicer with the State of Michigan under the Michigan Mortgage Brokers, Lenders, and Servicers Licensing Act.

• Buyers shall be responsible for filing any tax returns whose tax period ends after the Closing Date and which cover a time period that includes both pre- and post-Closing Dates (the 2010 Form 1065 for West Michigan Mortgage LLC is an example of such a return.

• The Obligations will be further secured by the mortgage lien and security interests created by a Mortgage in the form attached hereto as Exhibit "I" (the "Michigan Mortgage") and by an Assignment of Rents and Leases in the form attached hereto as Exhibit "S" ("the Michigan Assignment of Leases") on the real estate in St. Joseph County, Michigan, owned xx xxx Company and commonly known as 68939 M 103, White Pigeon, Michigax 00000 (xxxxxxxx xx xx xxxx Xxxxxxx as the "Michigan Real Estate").

• The Loan and the Related Loans are all secured by, and are entitled to the benefits of, the Michigan Mortgage, the Michigan Assignment, the other Loan Documents and the Related Loan Documents.

• LONG-TERM DEBT Long-term debt consists of (a) mortgage notes collateralized by one hotel property located in Florida (the "Florida Mortgage Note"), one hotel property located in California (the "California Mortgage Note") and two hotel properties located in Michigan (the "Michigan Mortgage Note"), (b) outstanding borrowings under the Line of Credit, and (c) the Term Loan.

• This Note, the Michigan Mortgage, the Michigan Assignment and the Michigan Indemnification are hereinafter referred to collectively as the "Loan Documents".

• The outstanding principal balance on the Michigan Mortgage Note was $10.0 million at December 31, 1997 and 1996.

• Issue or permit the issuance of additional Equity Interests in Michigan Property Owner, Aviation, Florida Property Owner and/or Circle 8 or transfer or permit the transfer of any outstanding Pledged Interests, except in accordance with the Michigan Mortgage or Florida Mortgage, as applicable.

More Definitions of Michigan Mortgage

Michigan Mortgage the collective reference to the Open-End Mortgage, substantially in the form of Exhibit D-1 hereto, executed and delivered by the appropriate Loan Party with respect to specified Oil and Gas Properties and other Collateral located in Michigan, as the same may be amended, supplemented or otherwise modified from time to time.

Michigan Mortgage means that certain Mortgage, Assignment and ----------------- Security Agreement dated May 10, 2001, effective of even date herewith recorded or to be recorded in the Oakland County, Michigan records, as may have been or may be amended, restated, modified or supplemented from time to time.

Michigan Mortgage means the Mortgage executed by the Company in favor of the Purchaser in the form attached hereto as Exhibit C-2 on the Property owned by the Company in St. Joseph County, Michigan, owned xx xxe Company and commonly known as 68939 M 103, White Pigeon, Michigxx 00000, xx xxx xxxx xxx xxxx xxxx xx xxme be amended, restated, supplemented or otherwise modified. "Mortgages" means each of the Indiana Mortgage, the Michigan Mortgage and the Leasehold Mortgage.