Mortgage Financing definition
Examples of Mortgage Financing in a sentence
Except as expressly provided in Article VIII (Mortgage Financing) and this Article X, the Lessee shall not assign, sublease, sell, or otherwise convey any of its rights or obligations under this Lease without the prior written consent of CLT.
Except as expressly provided in Article VIII (Mortgage Financing) and Article X, the Lessee shall not assign, sublease, sell, or otherwise convey any of its rights or obligations under the Ground Lease without the prior written consent of the CLT.
Once Seller has received a response from MetLife, Seller and Buyer will jointly proceed to obtain such consent strictly in accordance with the requirements of the terms of the Mortgage Financing Documents and will use commercially reasonable efforts to obtain the release of Seller under the Mortgage Financing Documents on the basis set forth in Section 3.9.7(i) of the Loan Agreement as well as the release at Closing of any escrows, reserves or other collateral of Seller not comprising the Property.
Lenders must have demonstrated capacity to underwrite conventional mortgages and deliver them into the Authority’s FirstHome and Homes for Iowans Single Family Mortgage Financing Programs.
The parties acknowledge and agree that a portion of the proceeds of the Initial Mortgage Financing will be used to satisfy the Existing Debt.