Mortgage Event definition

Mortgage Event means, the occurrence of an Event of Default described in Section 12 (p) provided, however, any such “Mortgage Event” may be waived in writing (which written waiver may be via email) by Administrative Agent in its sole and absolute discretion.

Mortgage Event means, as of any date of determination, with respect to all Financed Properties,

Mortgage Event means, as of any date of determination, with respect to all Financed Properties,

Examples of Mortgage Event in a sentence

• The Mortgage Documents, when properly recorded and/or filed in the appropriate records, following the occurrence and continuance of a Mortgage Event, will create (x) a valid, first priority, perfected Lien on Borrower’s interest in the Financed SF Property, and (y) perfected security interests in and to, and perfected collateral assignments of, all personalty, all in accordance with the terms thereof, in each case, subject only to the Permitted Liens.

• Administrative Agent for the benefit of the Lenders shall fail for any reason to have a first priority perfected security interest in any portion of the Pledged Collateral or, other than Permitted Liens, any other Collateral (other than with respect to any Mortgage prior to a Mortgage Event).

• All mortgage, mortgage recording, stamp, intangible or other similar tax required to be paid under applicable Requirements of Law in connection with the execution, delivery, recordation, filing, registration, perfection or enforcement of any of the Mortgage Documents recorded following a Mortgage Event with respect to Financed SF Property, including the Mortgages, will be timely paid or are being paid simultaneously herewith.

• The provisions of this Agreement are effective to create in favor of Administrative Agent a valid and effective security interest in all right, title and interest of Borrower in, to and under the Collateral (other than any Mortgage that are not recorded prior to the occurrence and continuance of a Mortgage Event).

• Other than the security interest granted to Administrative Agent pursuant to this Agreement or any Mortgages that are recorded following a Mortgage Event, as applicable, Borrower has not pledged, assigned, collaterally assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral except to the extent expressly permitted by the terms hereof.

• It will only be applied if one of the following two check boxes is checked.Note: You can use the Transfer Event to apply a lump-sum payment to an Equity account assigned to a Mortgage Event.

• SummaryThe Mortgage Event allows you to take out a mortgage at age Start Age.

• This dynamic consideration is meant to be respected by the performer.

• If this is after the Sell Age of the Mortgage Event that represents your primary residence the program will pay off the loan at the Sell Age.Rate - The program calculates the monthly interest on the outstanding debt as follows: Monthly Interest = Outstanding Debt * Rate /12 * 0.01Line of Credit Amount - Each time you transfer funds from the line of credit that amount is added to the loans accumulated debt.

• The rule specifically requires consideration of the needs of the transportation disadvantaged, industrial and commercial development, and, within MPO areas, the goal of reducing vehicle miles of travel per capita by 20 percent within the next 30 years.