Mortgage Indebtedness definition

Mortgage Indebtedness means Property-level non-recourse Indebtedness, where the borrower under such Indebtedness is a special purpose bankruptcy-remote entity, and customary recourse guaranties provided in connection therewith.

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Mortgage Indebtedness shall have the meaning set forth in Section 2.2(d).

Mortgage Indebtedness means (x) with respect to any Property located in the United States, Property-level Non-Recourse Indebtedness, where the borrower under such Indebtedness is a special purpose bankruptcy-remote entity, and (y) with respect to any Property located other than in the United States, Indebtedness described in (x) or Non-Recourse Indebtedness secured by a mortgage (or local equivalent) on such Property, where the borrower under such Indebtedness and the owner of such Property are each foreign (non-Domestic) Subsidiaries of the Borrower.

Examples of Mortgage Indebtedness in a sentence

No such application of proceeds by Mortgagee toward payment of the Mortgage Indebtedness shall reduce the amount of the payments required to be made on the Mortgage Indebtedness in accordance with its terms.
Said amounts shall be held by Mortgagee as additional security for the Mortgage Indebtedness and, except as provided in the following sentence, be applied to the payment of said taxes and assessments when the same become due and payable.
No such loss or damage shall itself reduce the Mortgage Indebtedness.
Mortgagee may, at its option, but without any obligation on its part so to do, apply said amounts upon said taxes and assessments or insurance premiums or toward the payment of the Mortgage Indebtedness or any portion thereof, whether or not then due or payable.
If any of such defects consist of mortgages, deeds of trust, construction or mechanics' liens, tax liens or other liens or charges in a fixed sum or capable of computation as a fixed sum, then, to that extent, and notwithstanding the foregoing, Transferor shall be obligated to pay and discharge such defects at Closing, except for the mortgages scheduled and set forth in EXHIBIT M attached hereto (the "Mortgage Indebtedness") which Transferee shall take subject to as provided in Section 2.3(a).

More Definitions of Mortgage Indebtedness

Mortgage Indebtedness means any indebtedness of Seller which is secured by a mortgage or deed of trust on the Property.

Mortgage Indebtedness means, collectively, (a) the Indebtedness identified on Schedule 5.07(b) (including any mezzanine loans comprising a part thereof) and any Permitted Refinancing thereof and (b) all other Indebtedness of Property-Level Subsidiaries that is secured by the assets of any Property-Level Subsidiaries, in each case of clauses (a) and (b), that is without recourse to any Loan Party (other than pursuant to one or more Mortgage Recourse Carve-outs).

Mortgage Indebtedness means the National Bank of Arizona mortgage indebtedness secured by the Office Building.

Mortgage Indebtedness means Indebtedness incurred by any Subsidiary of the Borrower to finance or refinance the purchase or improvement of certain real property of such Subsidiary.

Mortgage Indebtedness means the indebtedness evidenced or secured by the Mortgage Loan Documents.

Mortgage Indebtedness means and refer to all mortgages (real, personal and mixed), vendor's liens, deeds of trust, conditional bills of sale, security interests, pledges and other types of liens generally regarded as mortgages affecting, relating to, or pertaining to real or personal property, whether or not personal liability for the payment or discharge thereof exists.

Mortgage Indebtedness means principal of, and prepayment fees and premiums, if any, and interest on and all other monetary obligations of every kind or nature (including fees, indemnities and expenses) due on or in connection with any Company Loan, whether outstanding on the date of this Agreement or thereafter created, incurred or assumed and, in each case, secured by a Lien on any portion of the Property.