Mortgage Refinancing definition

Mortgage Refinancing means the incurrence by an Issuer or any of its Subsidiaries of any Indebtedness secured by a mortgage or other Lien on real property subject to a mortgage or other Lien existing on the date hereof or created or incurred subsequent to the date hereof as permitted hereby and owned by such Issuer or any such Subsidiary.

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Mortgage Refinancing means the incurrence by the Issuer or a Subsidiary of the Issuer of any Indebtedness secured by a mortgage or other Lien on real property subject to a mortgage or other Lien existing on the date hereof or created or incurred subsequent to the date hereof as permitted hereby and owned by the Issuer or any Subsidiary of the Issuer.

Mortgage Refinancing means the process of paying off an approved applicant’s mortgage or partial mortgage from an outside lender for the purpose of refinancing with DOH.

Examples of Mortgage Refinancing in a sentence

Mortgage, Refinancing and Disposition of Property ............................
The Project Implementing Entity’s Representative is the Chairman of the Egyptian Company for Mortgage Refinancing.
Provided there is no existing and continuing Event of Default, if PSLT-BLC Holdings or any Provident Lessor intends to enter into a Facility Mortgage Refinancing with respect to any of the Facilities during Lease Years one (1) through six (6) of the Initial Term, PSLT-BLC Holdings shall deliver to BLC Holdings written Notice thereof (the "Refinancing Notice") not later than thirty (30) days prior to the anticipated closing date of any such Facility Mortgage Refinancing.
Any Refinancing Notice delivered to BLC Holdings pursuant to this Paragraph 12(b), shall include a copy of a bona fide term sheet setting forth the proposed terms of any such Facility Mortgage Refinancing, including, without limitation the principal amount, the interest rate, the term to maturity and any amortization payments in connection with such Facility Mortgage Refinancing (collectively, the "Proposed Financing Terms").
BLC Holdings and the Brookdale Lessees agree to reasonably cooperate with PSLT-BLC Holdings and the Provident Lessors to assist PSLT-BLC Holdings and the Provident Lessors in obtaining new Facility Mortgages or a refinancing of the Existing Facility Mortgages or otherwise obtain additional mortgage debt secured by the Facilities (any of the foregoing referred to herein as a "Facility Mortgage Refinancing"), with respect to the Provident Lessors' fee or leasehold interests, as applicable, in the Facilities.
If BLC Holdings exercises its rights to obtain the proceeds of any Facility Mortgage Refinancing as provided in this Paragraph 12(b), then such Facility Mortgage Refinancing shall be deemed to be a Brookdale Requested Refinancing and the provisions of Paragraph 12(c) hereof shall govern.
BLC Holdings shall not be entitled to receive Notice of any Facility Mortgage Refinancing, and shall be not have the right to obtain the proceeds of any such Facility Mortgage Refinancing, in each case as contemplated by this Paragraph 12(b), during Lease Years seven (7) through fifteen (15) of the Initial Term or during any Renewal Term.
If during the term, any Facility Mortgage is refinanced and the terms of the Facility Mortgage Refinancing do not require Landlord to establish escrows at the inception thereof, then any amounts then held in escrow reserve accounts (other than principal reserve accounts) shall be disbursed to Tenant, and any amounts then held in principal reserve accounts shall be disbursed to Landlord.
When the proceeds of a Mortgage Refinancing Loan is drawn down, each PML shall provide to the Project Implementing Entity, in accordance with procedures satisfactory to the Bank, an irrevocable beneficial right and claim to Mortgage Loans equivalent to 120% of the principal amount of the Mortgage Refinancing Loan to such PML.
Except as the Bank shall otherwise agree, each Participation Agreement shall provide that the right of a PML to use the proceeds of its Mortgage Refinancing Loan shall be: (a) suspended upon failure by such PML to perform any of its obligations under its Participation Agreement; and (b) terminated if such right shall have been suspended for a continuous period of thirty (30) days.

More Definitions of Mortgage Refinancing

Mortgage Refinancing means refinancing made or proposed to be made out of the proceeds of the Credit, by the TMRC to a PML (as such term is hereinafter defined) which meets the eligibility criteria set forth in the Schedule to the Project Agreement.

Mortgage Refinancing means the refinancing of the existing first mortgage on the Newark Project, such refinancing occurring contemporaneously with the execution and delivery of this Agreement.

Mortgage Refinancing shall have the meaning set forth in Section 9.23(a) hereof.

Mortgage Refinancing means the incurrence by the Company or a Restricted Subsidiary of the Company of any Indebtedness secured by a mortgage or other Lien on real property subject to a mortgage or other Lien existing on the Closing Date or created or incurred subsequent to the Closing Date and owned by the Company or any Restricted Subsidiary of the Company.