Mortgage Recording Taxes definition

Mortgage Recording Taxes shall have the meaning specified in Section 5.3(a). Mortgages shall mean each mortgage, if any, referred to in the Project Finance Plan, and each other mortgage creating a lien upon the Facility Realty and to which an Authorized Representative of the Agency shall consent in writing. Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount of any such proceeds, award, compensation or damages less all expenses (including reasonable attorneys’ fees and any extraordinary expenses of the Agency or any Mortgagee) incurred in the collection thereof. New Money shall have the meaning specified in Section 5.3(a).
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Mortgage Recording Taxes means those taxes imposed by the City and the State upon the recording of mortgages against real property in the City. M\WBE Program shall have the meaning set forth in Section 8.27. Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount of any such proceeds, award, compensation or damages less all expenses (including reasonable attorneys’ fees and any extraordinary expenses of the Agency or any Mortgagee) incurred in the collection thereof. Non-Qualified Use shall mean any use other than a Qualified Use.
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Mortgage Recording Taxes. The mortgage recording taxes required to be paid by the Borrowers pursuant to the terms of the Escrow Agreement.
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Examples of Mortgage Recording Taxes in a sentence

  • The Agency shall deliver such affidavits and other documents reasonably requested by a title company to accomplish the Severances contemplated by this Agreement and to exempt the recording of any new or restated PILOT Mortgages from Mortgage Recording Taxes.

  • The Lessee acknowledges that the Agency shall not exempt in whole or in part the payment of Mortgage Recording Taxes on any Mortgage.

  • General Indemnity; Payment of Expenses; Mortgage Recording Taxes.

  • The Mortgagor shall pay all reasonable costs in connection with, relating to or arising out of the preparation, execution and recording of this Mortgage, including title company premiums and charges, inspection costs, survey costs, recording fees and taxes (including without limitation all New York Mortgage Recording Taxes), attorneys', engineers', appraisers' and consultants' fees and disbursements and all other similar expenses of every kind.

  • Project Documents shall be exempt from recording fees.3, Exemption from Mortgage Recording Taxes.

  • Mortgage Recording Taxes Under New York State law, the MTA receives operating and capital assistance from the State Mortgage Recording Tax, which is collected by the City and the seven counties within the MTA transportation region, at the rate of three-tenth of 1% of the debt secured by certain real estate mortgages.

  • The Applicant will receive tax incentives in the form of an abatement of Mortgage Recording Taxes, and an exemption of sales and use taxes.

  • The Mortgagor shall pay all reasonable costs in connection with, relating to or arising out of the preparation, execution and recording of this Mortgage, including title company premiums and charges, inspection costs, survey costs, recording fees and taxes (including without limitation all New York Mortgage Recording Taxes), reasonable attorneys', engineers', appraisers' and consultants' fees and disbursements and all other similar reasonable expenses of every kind.

  • The Mortgage Recording Taxes consist of two separate taxes: Mortgage Recording Tax-1 (MRT-1) and Mortgage Recording Tax-2 (MRT-2).

  • Agency is now contemplating providing to John Wesley Village LP with respect to the Project is (i) the provision of an exemption from Sales and Compensating Use Taxes on certain property, including tangible personal property, and (ii) a partial abatement of real property taxes, and (iii) the provision of an exemption from Mortgage Recording Taxes.


More Definitions of Mortgage Recording Taxes

Mortgage Recording Taxes means those taxes imposed by the City and the State upon the recording of mortgages against real property in the City. M\WBE Program shall have the meaning set forth in Section 8.27. Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount of any such proceeds, award, compensation or damages less all expenses (including reasonable attorneys’ fees and any extraordinary expenses of the Agency or any Mortgagee) incurred in the collection thereof. Net Worth Covenant shall have the meaning assigned to it in the Guaranty Agreement. Non-Controlling Investor shall mean any Person directly or indirectly owning, holding or controlling securities issued by, or other ownership interest in, an Entity (an “Interest Holder”) and who does not exercise Control of such Entity in such capacity as an Interest Holder. Non-Qualified Use shall mean any use other than a Qualified Use.
Sample 1
Mortgage Recording Taxes means those taxes imposed by the City and the State upon the recording of mortgages against real property in the City. Net Present Value shall mean the net present value calculated as of the PILOT Commencement Date using a discount rate of [6.25%]. NYCDOF shall mean the New York City Department of Finance. Person shall mean an individual or any Entity. PILOT shall mean payments in lieu of Real Estate Taxes with respect to the Facility Realty. PILOT Benefits shall mean, for any period of determination, the dollar amount of all benefits that accrued during such period due to the exemption from Real Estate Taxes resulting from the Agency’s leasehold interest in the Facility Realty, such amount to be computed by subtracting (y) the aggregate amount of PILOT paid by the Lessee during such period from (z) Real Estate Taxes that would have been levied by the City on the Facility Realty, as reduced by As-of-Right Benefits, during such period in the absence of the Agency’s leasehold interest in the Facility Realty. Project Application shall mean the eligibility application and questionnaire submitted to the Agency by or on behalf of the [Lessee] [Sublessee], for approval by the Agency of the Project and the providing of Financial Assistance by the Agency therefor, together with all other letters, documentation, reports and financial information submitted in connection therewith. Project Cost Budget shall mean that certain budget as set forth by the Lessee in Exhibit E to the Agency Lease.
Sample 1
Mortgage Recording Taxes means those taxes imposed by the City and the State upon the recording of mortgages against real property in the City. M\WBE Program shall have the meaning set forth in Section 8.27. Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount of any such proceeds, award, compensation or damages less all expenses (including reasonable attorneys’ fees and any extraordinary expenses of the Agency or any Mortgagee) incurred in the collection thereof. NFP Unit Space means one (1) entire floor of Lab Ready Space to be occupied by a not- for profit organization at the Facility Realty. Non-Qualified Use shall mean any use in the Facility Realty other than (i) Life Science Use, (ii) use for Deerfield Life Science Offices, but not to exceed the Maximum Deerfield HQ RSF, and (iii) use of Life Science Use Convening Space that meets the Convening Space Use Requirements. Non-Qualified RSF shall mean RSF of Facility Realty (other than the Additional Improvements (if any) that on the date(s) or period(s) of determination that (i) is leased, used or occupied for a Non-Qualified Use or (ii) deemed to be Non-Qualified RSF pursuant to Section 8.9(d).
Sample 1
Mortgage Recording Taxes shall have the meaning specified in Section 5.3(a). Mortgages shall mean each mortgage, if any, referred to in the Project Finance Net Proceeds shall mean, when used with respect to any insurance proceeds or condemnation award, compensation or damages, the gross amount of any such proceeds, award, compensation or damages less all expenses (including reasonable attorneys’ fees and any extraordinary expenses of the Agency or any Mortgagee) incurred in the collection thereof. New Money shall have the meaning specified in Section 5.3(a).
Sample 1

Related to Mortgage Recording Taxes

  • sound recording means a recording of sounds from which sounds may be produced regardless of the medium on which such recording is made or the method by which the sounds are produced. A phonogram and a CD-ROM are sound recordings.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Conveyance Taxes means all sales, use, value added, transfer, stamp, stock transfer, real property transfer or gains and similar Taxes.

  • State premium tax liability means any liability

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Mortgage Policy has the meaning specified in Section 4.01(a)(iv)(B).

  • Post-Closing Taxes means Taxes of the Company for any Post-Closing Tax Period.

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Additional Mortgaged Property shall have the meaning provided in Section 8.11(a).

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Mortgage Group Either of Group One or Group Two.

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Transfer Taxes means any sales, use, goods and services, stock transfer, real property transfer, transfer, stamp, registration, documentary, recording or similar duties or taxes together with any interest thereon, penalties, fines, fees, additions to tax or additional amounts with respect thereto incurred in connection with the transactions contemplated hereby.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Parent, the Borrower or another Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Collateral Records means books, records, ledger cards, files, correspondence, customer lists, blueprints, technical specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either: