Mortgage Properties definition

Mortgage Properties means the Oil and Gas Properties described in one or more duly executed, delivered and filed Mortgages evidencing a first and prior Lender Lien in favor of Administrative Agent for the benefit of the Secured Parties and subject only to the Permitted Liens.

Mortgage Properties means, collectively, the properties identified in Exhibit D-1 to the 1994 Credit Agreement, the NEN Mortgage Properties, the New Britain Mortgage Properties and any additional real property Acquired by any Obligor after the Amendment No. 2 Effective Date if such real property is financed in whole or in part with the proceeds of PAD Loans hereunder or Permitted Additional Debt incurred as permitted by Section 8.07(e) hereof, PROVIDED that from and after the date of the Disposition of any of the foregoing properties, there shall be excluded from Mortgage Properties the properties so Disposed of.

Mortgage Properties has the meaning specified in Section 6.14(b)(ii).

Examples of Mortgage Properties in a sentence

• The Master Servicer shall, in accordance with each Servicing Agreement, oversee matters relating to the servicing of defaulted Mortgage Loans, including approving certain Mortgage Loan modifications, reviewing environmental reports related to foreclosed Mortgage Properties to determine whether to proceed with a foreclosure, approving certain actions relating to the management of REO Property and approving the release of the original borrower of a Mortgage Loan in connection with Mortgage Loan assumptions.

• As of the Effective Date, all notes and any obligations of the Debtors under the Mortgage Facility or the Mezzanine Facilities shall be discharged and be of no further force or effect against the Debtors or the Mortgage Properties, and the holders thereof shall have no rights against the Debtors or the Mortgage Properties, except the right to receive the Distributions provided herein.

• The Master Servicer shall, in accordance with the Servicing Agreement, oversee matters relating to the servicing of defaulted Mortgage Loans, including approving certain Mortgage Loan modifications, reviewing environmental reports related to foreclosed Mortgage Properties to determine whether to proceed with a foreclosure, approving certain actions relating to the management of REO Property and approving the release of the original borrower of a Mortgage Loan in connection with Mortgage Loan assumptions.

• The Master Servicer shall, as allowed under each Servicing Agreement, oversee matters relating to the servicing of defaulted Mortgage Loans, including approving certain Mortgage Loan modifications, reviewing environmental reports related to foreclosed Mortgage Properties to determine whether to proceed with a foreclosure, approving certain actions relating to the management of REO Property and approving the release of the original borrower of a Mortgage Loan in connection with Mortgage Loan assumptions.

• In connection with any such assumption or substitution of liability, the Company shall follow the underwriting practices and procedures of prudent mortgage lenders in the respective states where the Mortgage Properties are located with respect to the same type of mortgage loan and same credit quality as the original Mortgage Loan.

More Definitions of Mortgage Properties

Mortgage Properties has the meaning set forth in Section 5.1(e). ------------------- "Multiemployer Plan" means a Plan covered by Title IV of ERISA which ------------------ is a multiemployer plan as defined in Section 3(37) or 4001(a)(3) of ERISA.

Mortgage Properties means the real property and improvements thereon described in the Mortgage.

Mortgage Properties means the properties referred to in the Mortgage and Security Agreement.

Mortgage Properties means the Properties located in the States of Florida, Georgia and South Carolina.

Mortgage Properties means the Immovable Property and the Movable Property of the Company, which is being mortgaged in terms of this Deed;

Mortgage Properties and "Mortgage Property" each has the meaning set forth in the recitals of this Agreement.

Mortgage Properties means the fee owned real properties and the leasehold interests listed on Schedule 6.18 hereto.