Mortgage Facility definition

Mortgage Facility means means Indebtedness secured solely by Liens consisting of mortgages, deeds of trust, or other deeds on real property owned or leased by the Company or any of its Subsidiaries where the principal amount of such Indebtedness does not exceed the fair market value of such real property at the time such Mortgage Facility is entered into and such Indebtedness is either (x) non-recourse to the Company or any Guarantor or (y) is not a “security” within the meaning of Section 2(a)(1) of the Securities Act.

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Mortgage Facility means Indebtedness secured solely by Liens consisting of mortgages, deeds of trust, or other deeds on real property owned or leased by the Company or any of its Subsidiaries where the principal amount of such Indebtedness does not exceed the Fair Market Value of such real property at the time such Mortgage Facility is entered into and such Indebtedness is non-recourse to the Company or any Guarantor.

Mortgage Facility any facility entered into by the Borrower or any Subsidiary the proceeds of which are secured by the Mortgage Facility Properties.

Examples of Mortgage Facility in a sentence

The full proceeds the Term Loan shall be used to refinance the obligations owing under the Capital One Mortgage Facility on the Closing Date.
You must use our payment instruction form to request any amounts under the Reverse Mortgage Facility.
Except as otherwise required under the terms of the Mortgage Facility, Debtor shall keep its Collateral free and clear of any and all liens, charges, encumbrances, taxes and assessments.
The Mortgage Facility, as committed as of the Original Closing Date, was advanced in a single Mortgage Loan Borrowing in the aggregate principal amount of One Hundred Seventy-Nine Million Dollars ($179,000,000) upon the Original Closing Date which consisted of Mortgage Loans made simultaneously by the Lenders pro-rata in accordance with their respective Mortgage Facility Commitments.
Subject to the terms and conditions set forth herein, each Lender severally has made a mortgage loan to AMR RE Holdings on the Original Closing Date (the “Closing Date Mortgage Loans”) in an amount not to exceed such Lender’s Mortgage Facility Commitment on the Original Closing Date.
Main Credit Administrative Agent and Minnesota Mortgage Facility Administrative Agent shall have delivered to Administrative Agent a consent to the Transactions, duly executed and/or delivered by the parties thereto.
Approximately $49,066,000 was outstanding under the Mortgage Facility as of August 3, 1999.
Except for any liens arising under that certain (i) North Carolina Deed of Trust, dated July 3, 2002 (the "Mortgage Facility"), between Kelly Color Laboratories, Inc.
Debtor shall retain possession of its Collateral and shall not sell, exchange, assign, loan, deliver, lease, mortgage or otherwise dispose of same without the prior written consent of the Secured Party, except as otherwise required under the terms of the Mortgage Facility or in the ordinary course of business consistent with the past practice of Debtor.
As of the Effective Date, and in consideration of the consideration provided by ESI to the other Debtors and their creditors under the ESI Settlement, the Special Servicer on behalf of the Mortgage Facility Trust, releases unconditionally and forever ESI from any and all claims arising under or related to the ESI Guaranty.

More Definitions of Mortgage Facility

Mortgage Facility means each mortgage loan the Bank makes available under these terms as stated in the Facility Letter.

Mortgage Facility means any credit facilities secured by real property of the Issuer or its Restricted Subsidiaries, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof.

Mortgage Facility any facility entered into by the Borrower or any Subsidiary the proceeds of which are secured by real properties described in such Facility (such real properties, the “Mortgage Facility Properties”).

Mortgage Facility means the senior secured mortgage term loan facility described in Section 2.03.1(a) providing for Original Mortgage Loans to the applicable Mortgage Loan Borrowers by the Mortgage Loan Lenders, as such facility may be increased or decreased pursuant to the terms hereof.

Mortgage Facility means the Master Loan Agreement between Toyota Motor Credit Corporation and Sonic Automotive, Inc., dated December 31, 2002, and as such agreement, in whole or in part, may have been or may be further amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified from time to time, including, without limitation, any successive renewals, extensions, substitutions, refinancings, restructurings, replacements, supplementations or other modifications of the foregoing.

Mortgage Facility the Term Loan Agreement, dated as of May 20, 2005, by and among the Borrower, National MENTOR Inc., certain Subsidiaries party thereto as borrowers and Bank of America, N.A.