Mortgage Term definition
Examples of Mortgage Term in a sentence
Toledo ▇▇ ▇▇▇▇▇ Original Remaining Original Mortgage Term to Term to Amort.
Each such payment shall be applied first to the Senior Term Loans until the Senior Term Loans are paid in full, and then to the Mortgage Term Loans.
The distinction is made between Mortgage, Term, Securitizable Term, Bridge, Prepay Taxes, Consumer Credit, and Other Loans (we take the Other Loans category as our base case in the regressions).
The Lender made a term loan (the ----------------------------- "Mortgage Term Loan") to the Borrower in a single borrowing on the Initial Funding Date, in the principal amount of $18,000,000, all of which is outstanding on the date hereof.
Each Mortgage Term Loan Note shall be dated the date of this Agreement and stated to mature on the Maturity Date.
Each such optional prepayment of the Term Loans shall be applied first to the installments of principal of the Senior Term Loan in the inverse order of maturity thereof until the Senior Term Loan is paid in full, and then to the installments of principal of the Mortgage Term Loan in the inverse order of maturity thereof until the Mortgage Term Loan is paid in full.
The Mortgage Term set in the Contract (hereinafter referred to as “the Mortgage Term”) shall be started from the date of effectiveness and ended at the day of the termination of the mortgage under Article 13.1.
The portion of the Mortgage Term Loan owing to each Lender that constitutes a Euro-Dollar Loan or Euro-Dollar Loans shall be evidenced by a single Euro-Dollar Mortgage Term Note of the Borrower made payable to the order of such Lender and representing the obligation of the Borrower to pay the lesser of (i) the amount of such Lender's Mortgage Term or (ii) the aggregate unpaid principal amount of all such Euro-Dollar Loans outstanding, with interest thereon as prescribed by Section 2.02 hereof.
All obligations of the Borrowers pursuant to any Interest Hedge Agreement entered into in connection with (A) the Secondary Term Loan shall be unsecured and (B) the Mortgage Term Loan shall be secured by the Mortgage.
The Initial Term Note, the Secondary Term Note and the Mortgage Term Note (each a “Note” and, collectively, the “Notes”) and renewals, extensions, amendments and restatements thereof acceptable to Bank, shall set forth the interest rate, repayment and other provisions, the terms of which are incorporated into this Agreement by reference.