mortgage bond definition

mortgage bond means a bond attested by the registrar specially hypothecating immovable property;

mortgage bond means any document attested by the registrar under which immovable property is specially hypothecated;

mortgage bond means a bond attested by the registrar and specially mortgaging immovable property described in the mortgage bond;

Examples of mortgage bond in a sentence

• The only duties and obligations which the Collateral Agent shall have are those set forth in this Agreement and in the First Mortgage Bond Documents.

• The Collateral Agent may exercise its powers and execute any of its duties under this Agreement and the First Mortgage Bond Documents by or through employees, agents or attorneys-in-fact and shall be entitled to take and to rely on advice of counsel concerning all matters pertaining to such powers and duties.

• The Collateral Agent, in all cases, shall be fully protected in acting, or in refraining from acting, under this Agreement and the First Mortgage Bond Documents if such acting or refraining from acting is in accordance with the provisions hereof, and any action taken or failure to act pursuant hereto shall be binding upon all the holders.

• In the case of VaPower, VaPower shall not, nor shall it permit any of its Material Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for (i) Liens permitted by the First Mortgage Bond Indenture and (ii) Liens created in the ordinary course of business.

• The Collateral Agent shall be fully justified in failing or refusing to take action under this Agreement or the First Mortgage Bond Documents unless it shall first receive such advice or concurrence of the Required Holders and it shall first be indemnified to its reasonable satisfaction by the holders against any and all liability and expense which may be incurred by it by reason of taking, continuing to take or refraining from taking any such action.

More Definitions of mortgage bond

mortgage bond means the mortgage bond registered over the Property securing the Consideration payable;

mortgage bond means a bond attested by the Registrar of Deeds specially hypothecating immovable property;

mortgage bond or "bond" means a mortgage bond attested by the Director-General specially hypothecating any right granted or which remains in force in terms of the Mineral and Petroleum Resources Development Act, 2002;

mortgage bond means a bond attested by the registrar specially hypothecating immovable property; “notarial bond” means a bond attested by a notary public hypothecating movable property generally or spe-

mortgage bond means backed by a pool of mortgages on security assets, a pledge of specific assets.

mortgage bond or “bond” means a mortgage bond attested by the registrar specially hypothecating any mining title, tributing agreement, stand title, surface right permit, water right, certificate of reservation of a trading site, personal servitude or bewaarplaats or any registered lease or sub-lease;

mortgage bond means a bond attested by the registrar specifically hypothecating immovable property;