Mortgage Default shall have the meaning ascribed to the term “Default” in the Mortgage Loan Agreement.
Mortgage Default means the occurrence and continuance of a default under the Mortgage.
Mortgage Default means the occurrence and continuance of a default under the Mortgage. “Mortgaged Property” means the properties, real, personal or mixed, described in the Granting Clauses of the Mortgage, as they may at any time exist.
Examples of Mortgage Default in a sentence
If the Mortgage has mortgage default insurance, the Mortgage Default Insurer and its agents can also inspect your Property.
You must build or renovate using only new materials and according to the plans and specifications we have approved and if the Mortgage is insured by a Mortgage Default Insurer, it must approve the plans and specifications.
You will not construct, alter or add to any buildings or improvements on your Property without our consent, and if the Mortgage is insured by a Mortgage Default Insurer, without its consent.
You will provide us, and any Mortgage Default Insurer, with any information or material, such as plans, specifications, building permits, insurance and like information, as required to decide whether to give approval or not.
We and any Mortgage Default Insurer, may set certain requirements which you must comply with as a condition of giving approval.
More Definitions of Mortgage Default
Mortgage Default means the occurrence with respect to any of the Bond Mortgage Documents of a monetary Event of Default (as defined in the Bond Mortgage Documents) or any other Event of Default under the Owner Documents of which the Sponsor has actual knowledge.
Mortgage Default shall have the meaning assigned thereto in the Mortgages.
Mortgage Default means a default by the Tenant under the terms of any Leasehold Mortgage after the giving of any required notice and the expiration of any applicable cure period without such cure having been effected.
Mortgage Default means the occurrence of any event that is defined as an “Event of Default” under the Mortgage Note, the Mortgage or any other Mortgage Document.
Mortgage Default. Lease Event of Default", "Lease Default", "Majority in Interest of Note Holders", "Make-Whole Amount", or "Note Holder", or the percentage of Note Holders required to take or approve any action hereunder, (2) reduce the amount, or change the time of payment or method of calculation of any amount, of Original Amount, Make-Whole Amount, or interest with respect to any Equipment Note, or alter or modify Article III hereof with respect to the order of priorities in which distribution thereunder shall be made as among the Note Holders, Owner Trustee, and Lessee, (3) reduce, modify, or amend any indemnities in favor of Owner Trustee, FSB, Mortgagee, SSB, or the Note Holders (except that FSB or SSB may consent to any waiver or reduction of an indemnity payable to it) or the other Mortgage Indemnitees, (4) consent to any change in the Mortgage or the Lease which would permit redemption of Equipment Notes earlier than permitted under (S) 2.10 or (S) 2.11 hereof or the purchase or exchange of the Equipment Notes other than as permitted by (S) 2.13 hereof, (5) except as contemplated by the Lease or the Participation Agreement, reduce the amount or extend the time of payment of Basic Rent, Stipulated Loss Value, or Termination Value for the Aircraft in each case as set forth in the Lease, or modify, amend, or supplement the Lease or consent to any assignment of the Lease, in either case releasing Lessee from its obligations in respect of the payment of Basic Rent, Stipulated Loss Value, or Termination Value for the Aircraft or altering the absolute and unconditional character of the obligations of Lessee to pay Rent as set forth in (S) 3 and (S) 16 of the Lease, or (6) permit the creation of any Lien on the Collateral or any part thereof other than Permitted Liens, or deprive any Note Holder of the benefit of the Lien of this Mortgage on the Collateral, except as provided in connection with the exercise of remedies under Article IV; FURTHER, provided, that, without the consent of the majority in interest of the holders of each Series of Equipment Notes, no such amendment, modification, consent, or waiver shall modify (S) 7.1.1, 7.2.7, 7.3, or 11, or Annex D or Schedule 5, of the Lease, (S) 7.6.11 of the Participation Agreement, or any definition in Annex A of the Participation Agreement relating to subleasing, re-registration, or insurance of the Aircraft.
Mortgage Default has the meaning assigned to such term in Section 3.01 hereof.
Mortgage Default has the meaning specified in Section ---------------- 501(7).