Mortgage Obligations definition
Mortgage Obligations means the collective reference to (i) all obligations, now existing or hereafter arising, owing by the Lessee and/or any of its affiliates to the Lessor (or the Agent, on behalf of the Lessor) under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Lease Agreement, or any of the other Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Lessor) that are required to be paid by the Lessee pursuant to the terms of the Operative Agreements and (ii) all obligations, now existing or hereafter arising, owing by the Borrower and/or the Lessee and/or any of their affiliates to the Mortgage Lenders (or the Agent, on behalf of the Mortgage Lenders) under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Mortgage Note Loan Agreement, the Lease Agreement, the Mortgage Notes, or any of the other Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Mortgage Lenders) that are required to be paid by the Borrower and/or the Lessee pursuant to the terms of the Operative Agreements. Notwithstanding the foregoing, the term “Mortgage Obligations” shall not include the Credit Note Obligations or any obligation or amount included in the definition of the term “Rent” that is owed by the Lessee to the Lessor for the benefit of, or on account of, any of the Credit Note Obligations (including without limitation any portion of Basic Rent or Supplemental Rent attributable to or calculated based on any amount of interest or other amounts payable under the Credit Notes).
Mortgage Obligations means any obligations owing to the Lessor pursuant to the Operative Agreements.
Mortgage Obligations means any and all obligations of the Borrower which may arise or accrue under and pursuant to this Agreement or the Mortgages, including, without limitation, interest accrued on such obligations. Mortgaged Property shall mean, collectively, the "Mortgaged Property," as defined in the Fee Mortgage and the "Mortgaged Property," as defined in the Leasehold Mortgage. Mortgagee shall have the meaning ascribed to such term in the Mortgages.
Examples of Mortgage Obligations in a sentence
The Bonds shall be designated generally as the "Collateralized Mortgage Obligations" of the Issuer, or such other designation specified in the related Terms Indenture, with such further particular designations added or incorporated in such title for any Series or Class as the Issuer may determine.
The Bonds may, as provided herein, at the election of and as authorized by the Board of Directors, be issued in one or more Series, each of which Series may consist of only one Class of Bonds or may be divided into two or more Classes, and shall be designated generally as the "Collateralized Mortgage Obligations" of the Issuer, with such further particular designations added or incorporated in such title for the Bonds of any particular Series or Class as the Board of Directors may determine.
Obligations of any entities other than those specified in paragraphs A.1 through A.3 above, including mortgage pass-through, asset-backed securities, Collateralized Mortgage Obligations (C.M.O.'s) or Real Estate Mortgage Investment Conduits (R.E.M.I.C's); provided that all obligations described in this paragraph A.4 shall be further subject to the provision of paragraph A.6 below.
The Issuer has duly authorized the execution and delivery of this Indenture to provide for one or more series (a "Series") of its Collateralized Mortgage Obligations ("Bonds"), issuable as provided in this Indenture.
Demand payment and performance of the Mortgage Obligations, in whole or in part, whereupon the same shall become immediately due and payable.
More Definitions of Mortgage Obligations
Mortgage Obligations shall have the meaning ascribed to the term “Obligations” in the Mortgage Loan Agreement.
Mortgage Obligations means the Mortgage Indebtedness and the obligations of Seller, HRI, and HRI Affiliates under the Mortgage, Collateral Assignment, Environmental Indemnity Agreement, and Mortgage Guaranty.
Mortgage Obligations means the collective reference to all obligations, now existing or hereafter arising, owing by the Lessee and/or any of its affiliates (including the Guarantors) to the Lessor (or the Agent, on behalf of the Lessor) under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Lease Agreement, or any of the other Operative Agreements, whether on account of principal, advanced amounts, interest, yield, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Lessor) that are required to be paid by the Lessee and/or of its affiliates (including the Guarantors) pursuant to the terms of the Operative Agreements.
Mortgage Obligations in Section I of the Agreement is amended and restated in its entirety as follows:
Mortgage Obligations mean the collective reference to all obligations, now existing or hereafter arising, owing by the Lessee and/or any of its affiliates to the Lessor under or pursuant to the Operative Agreements whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with the Participation Agreement, the Lease Agreement, or any of the other Operative Agreements, whether on account of principal, advanced amounts, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees and disbursements of counsel to the Agent or to the Lessor) that are required to be paid by the Lessee pursuant to the terms of the Operative Agreements.
Mortgage Obligations shall not include the Credit Note Obligations or any obligation or amount included in the definition of the term "Rent" that is owed by the Lessee to the Lessor for the benefit of, or on account of, any of the Credit Note Obligations (including without limitation any portion of Basic Rent or Supplemental Rent attributable to or calculated based on any amount of interest or other amounts payable under the Credit Notes).
Mortgage Obligations as used herein shall mean and include any and all loans, advances, payments, extensions of credit, endorsements, guaranties, benefits and financial accommodations heretofore and/or hereafter made, granted or extended by Mortgagee or which Mortgagee has or will become obligated to make, grant or extend to or for the account of Mortgagor, and any and all interest, obligations, liabilities, indebtedness, charges and expenses heretofore and/or hereafter chargeable against Mortgagor by Mortgagee or owing by Mortgagor to Mortgagee or upon which Mortgagor may be and/or has become liable as endorser or guarantor, and any and all renewals or extensions of any of the foregoing [B] given to or received by Mortgagee directly by Mortgagee directly from Mortgagor and the prompt performance and fulfillment by Mortgagor of all of the terms, conditions, promises, covenants, provisions and warranties contained in this Mortgage and in the note secured hereby.