Examples of Mortgaged Facilities in a sentence
The Borrower shall default in the due performance and observance of any of its obligations under Section 7.1.1(f)(i), 7.1.2, 7.1.5 (solely with respect to the Mortgaged Facilities), 7.1.9 or 7.2.
Omega hereby accepts the transfer and conveyance of the Mortgaged Facilities and the Personal Property from CNP made concurrently herewith in full payment and satisfaction of the Mortgage Loan and all amounts due under the Mortgage Note for principal, interest, the Participation Factor described therein and all other sums due there under.
The Borrowers shall, at their expense, deliver to the Trustee on the Date of Issuance a title insurance policy or endorsement thereto insuring the Trustee against title losses with respect to the Mortgaged Property in an amount not less than the sum of the replacement value of the Mortgaged Facilities, or a commitment therefor, satisfactory to the Trustee (the “Title Policy”) issued by Xxxxxxx Title of Southwestern Montana, LLC (the “Title Insurer”).
The consummation of the transactions contemplated by this Agreement and pertaining to the Florida Mortgaged Facilities and CNP/Counsel obligations (the "Deferred Closing") shall take place on or before one hundred twenty (120) days after the Initial Closing Date (the "Deferred Closing Date").
Further, the parties acknowledge and agree that the foregoing defaults under the CNP Note and CNP Mortgage, and the applicable and relevant obligations of Advocat under the Advocat Guaranties with respect thereto will be cured and/or settled upon consummation of the transactions contemplated by Paragraph 3 relating to the Florida Mortgaged Facilities.