Mortgage Requirements definition

Mortgage Requirements has the meaning given that term in Section 4.3(c).

Mortgage Requirements means, with respect to each individual Mortgaged Property, the following conditions:

Mortgage Requirements means, with respect to any Material Real Property, (i) provision of (a) a policy or policies of title insurance together with customary endorsements requested by Administrative Agent issued by a nationally recognized title insurance company insuring the Lien of each Mortgage as a first priority Lien on the Material Real Property described therein free of any other Liens other than those permitted by this Agreement, (b) a Mortgage executed by the applicable Loan Party in recordable form and otherwise in form and substance reasonably acceptable to LiventArcadium and the Administrative Agent, (c) a UCC fixture filing and (d) an ALTA survey which shall include all endorsements and certifications requested by Administrative Agent, (ii) recording of such Mortgage in the land records of the county in which such Material Real Property to be so encumbered is located and the filing of the UCC fixture filing, (iii) the Flood Insurance Requirements and (iv) a local counsel opinion as to the enforceability of such Mortgage in the state in which the Material Real Property described in such Mortgage is located in form and substance reasonably acceptable to the Administrative Agent.

Examples of Mortgage Requirements in a sentence

• Tenant acknowledges that Tenant shall be solely responsible for any and all actions, repairs, permits, approvals and costs required for the rehabilitation, renovation, use, occupancy and operation of the Leased Properties in accordance with applicable Legal Requirements, Other Requirements, Facility Mortgage Requirements and Insurance Requirements.

• Following the occurrence of a Trigger Event, Borrower’s failure to timely comply with the provisions of Section 4.3, including, without limitation, (i) executing, delivering and causing to be filed Mortgages in favor of Administrative Agent and (ii) causing to be delivered to Administrative Agent the Mortgage Requirements.

• Notwithstanding the foregoing, unless and until the Mortgage Requirements (as defined in Section 7 below) have been satisfied for each of the Unencumbered Assets no Advance shall be made during the Extended Amendment Period that would cause the Revolving Exposure to exceed $350,000,000.

• Among the most significant provisions for private mortgage insurers under the Dodd-Frank Act are the ability to repay mortgage provisions (“Ability to Repay Rule”), the securitization risk retention provisions and the expanded mortgage servicing requirements under TILA and RESPA.Qualified Mortgage Requirements - Ability to Repay Requirements.

• In connection with the execution and delivery of the Security Instruments, the Requisite Holders shall be reasonably satisfied that the Security Instruments create Second Priority Liens that may be perfected upon recordation of properly completed financing statements and the Security Instruments in the appropriate filing offices therefor (except Liens permitted by Section 9.03 may exist) on at least such property satisfying the Minimum Mortgage Requirements.

More Definitions of Mortgage Requirements

Mortgage Requirements has the meaning specified in the Third Amendment.

Mortgage Requirements has the meaning specified in the First Amendment.

Mortgage Requirements has the meaning given that term in Section 8.15.

Mortgage Requirements has the meaning assigned to such term in Section 6.15(d).

Mortgage Requirements. The requirements that the Lender shall have received on the Closing Date (i) counterparts of a Mortgage with respect to each Mortgaged Property, duly executed and delivered by the record owner of such Mortgaged Property, (ii) an assignment of leases and rents in favor of the Lender covering such real property, in form and substance reasonably satisfactory to the Lender, (iii) UCC financing statements covering fixtures, completed and, if required, duly executed, in form and substance reasonably satisfactory to the Lender, (iv) title and extended coverage insurance covering such real property in an amount at least equal to the purchase price of such real property (or such other amount as shall be reasonably specified by the Lender) as well as a current ALTA survey thereof, together with a surveyor’s certificate, each in form and substance reasonably satisfactory to the Lender, (v) any consents or estoppels reasonably deemed necessary or advisable by the Lender in connection with such Mortgage, in form and substance reasonably satisfactory to the Lender, (v) legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Lender, and (vi) a completed Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property. If the Lender reasonably determines that it is required by law or regulation to have appraisals prepared in respect of any real property of the Guarantor constituting Collateral, the Guarantor will cooperate with the Lender in obtaining appraisals which satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of the Financial Institution Reform, Recovery and Enforcement Act of 1989, as amended, or any other law or regulation and which shall otherwise be in form and substance reasonably satisfactory to the Lender, and the Borrower shall pay all reasonable fees and expenses (including reasonable attorneys’ fees and costs) incurred by the Lender in connection therewith.

Mortgage Requirements means, with respect to any owned Real Property, the requirements set forth on Schedule 1(d).

Mortgage Requirements has the meaning given that term in Section 8.15. “Xx. Xxxxx” means Xxxxxxx X. Xxxxx, an individual.