Mining Mortgage definition

Mining Mortgage means a mortgage granting a Lien on any Mining Mortgaged Property to secure the Secured Obligations.
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Mining Mortgage has the meaning set forth in Section 3.1.
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Examples of Mining Mortgage in a sentence

  • On 11 September 2007, the Loan Agreement, the Kimberley Charge, the Mining Mortgage, the Priority Deed and the Argyle Side Deed (the “Facility Documents”) were executed to establish the Working Capital Loan Facility.

  • The Priority Deed specifies that the securities granted by Kimberley to Société Générale shall have priority (in respect of all monies secured thereunder until such monies are fully repaid or recovered in full) over the Kimberley Charge and the Mining Mortgage.

  • Additionally to the Mining Mortgage and the Civil Mortgage, and also to secure the fulfillment and payment of all obligations arising hereof, the Shareholders expressly agree herein to grant in favor of CIMINAS an interest in land with a first and paramount lien over the total number of shares of the Shareholders and CIMINAS in the Debtor (the “Pledge”), pursuant to the model of pledge attached hereto as Exhibit F.

  • Additionally to the Mining Mortgage, as guaranty of payment of all the obligations resulting from this Agreement, the Debtor shall have to constitute an interest in estate of a first degree civil mortgage in favor of CIMINAS on the Real Estate detailed in Exhibit A bis which is an essential part hereof (the “ Civil Mortgage”) pursuant to the model of civil mortgage which is attached hereto as Exhibit E –which is an essential part of this Agreement-.

  • In the case of Arizona, ADEQ § 404 assumption appears to increase, rather than reduce, the number of agencies involved.

  • The Royalty is secured by way of a mining mortgage granted in favour of Evolution over the tenements which comprise the Cracow gold mine to secure all money which Lion Mining is liable to pay Evolution pursuant to the Royalty (Royalty Mining Mortgage).

  • Given these needs, since the enactment of the Factory Mortgage Act, the Mining Mortgage Act and the Railway Mortgage Act in 1905, shortly after the Civil Code was put into place, Japan has established and expanded various foundation mortgage schemes.

  • Collateral Agent may agree, from time to time, subject to the terms and conditions of the Master Security Agreement, to reduce the Lien's Amount under this Mining Mortgage in accordance with Article 1115 of the Civil Code, provided that the Lien's Amount resulting from such reduction fully covers its Secured Obligations.

  • In addition, pursuant to the Acquisition Agreement, the Company agreed to procure Straits Gold to grant a royalty to Aeris Resources (on the terms summarised below) pursuant to a royalty deed (Royalty Deed) and security (by way of a mining mortgage in favour of Aeris Resources) to secure payment of all money for which Straits Gold may be liable to Aeris Resources under the Royalty Deed (Royalty Deed Mining Mortgage).

  • The quantitative element involves an assessment of the impact of the accession to the Amended LNSA and PAG Intercreditor Agreement by Lion Mining, the PAG Security Documents, Deferred Consideration Security Documents, the Royalty and the Royalty Mining Mortgage on the Company’s consolidated (which will include the Cracow gold mine upon completion) balance sheet, future profits and future cash flows.

Related to Mining Mortgage

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

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

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

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

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

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

  • 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.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

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

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

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

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Driller I Co. NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Driller IV Co., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessel TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • 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.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.