Mortgage Amount definition

Mortgage Amount means the sum of Fifty-Seven Million Three Hundred Seventy-Five Thousand and 00/100 Dollars ($57,375,000). Accordingly, the Deed To Secure Debt shall secure the amount of $57,375,000.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Mortgage Amount. The Mortgage amount required to satisfy the mortgage shall be treated as an additional capital contribution by SGD. This contribution will be included in SGD’s total capital commitment to the Joint Venture.

Mortgage Amount means the amount secured by this Mortgage as of the date hereof, i.e., $ .

Examples of Mortgage Amount in a sentence

The Agency hereby grants to the Company exemption from mortgage recording taxes for one or more mortgages (collectively, the “Mortgage”) securing an aggregate principal amount not to exceed the Maximum Approved Mortgage Amount, or such greater amount as approved by the Agency in its sole and absolute discretion, in connection with the financing of the Project and any future financing, refinancing or permanent financing of the costs of the Project (the “Mortgage Recording Tax Exemption”).
Borrower and Lender shall, upon their mutual agreement to do so, execute such documents as may be necessary in order to effectuate the modification hereof, including the execution of substitute mortgages, so as to create two (2) or more liens on the Property in such amounts as may be mutually agreed upon but in no event to exceed, in the aggregate, the Mortgage Amount.
Name of Number of Estimated Total Outstanding Mortgage Total Outstanding Partnership Mortgage Amount.
As used herein, the term “Mortgage Interest Payments” shall mean the lower of: (a) the amount of Executive’s monthly interest portion of the Stipulated Mortgage Amount after offsetting the value of any tax deduction that Executive would receive for such interest payments, and (b) the amount resulting from the calculation in clause (a) above, assuming that Executive’s mortgage interest rate is 4.25% per annum.
The Maximum Mortgage Amount of $ divided by .95 equals a Sales Price of $ .

More Definitions of Mortgage Amount

Mortgage Amount shall have the meaning accorded such term in the recitals of this Mortgage.

Mortgage Amount means and shall equal the sum of Thirty-Three Million Nine Hundred Seventy-Five and 00/100 Dollars ($33,975,000.00).

Mortgage Amount in the Original Mortgage is hereby changed to $45,900,000 such that the principal amount secured by the Original Mortgage as modified hereby is increased to $45,900,000 or so much thereof as is advanced and outstanding pursuant to the terms of the Amended and Restated Loan Agreement. Capitalized terms used in the Original Mortgage and not otherwise defined shall have the meanings attributed to them in the Amended and Restated Loan Agreement.

Mortgage Amount means and shall equal the sum of Sixty-Four Million One Hundred Eighty-Five Thousand and 00/100 Dollars ($64,185,000).

Mortgage Amount or "Principal Sum" shall be deemed to mean the Original Loan and all of the obligations of Mortgagor under the Guaranty, for a total principal amount of $8,325,000.00.

Mortgage Amount. $24,000,000

Mortgage Amount means the principal sum of $500,000,000.