Mortgaged Facility definition

Mortgaged Facility or "Mortgaged Facilities" shall mean and refer to, individually or collectively, as the case may be, the nursing home or adult care facilities owned by CNP and located in the counties of DeSoto, ▇▇▇▇▇▇ and Lake, respectively, in the State of Florida that are the subject of the Florida Lease and the Mortgage Loan. ARTICLE 2
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Mortgaged Facility means the real property interests in the minimill, stocking location and land owned by the Company and its Recourse Subsidiaries in LaPlace, Louisiana and the real property interests in all other real property additions or improvements now or hereafter located on such land, together with all additions or improvements thereto, which term shall be deemed to exclude the Released Property, if any.
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Mortgaged Facility means a Hospital on which a first lien has been created pursuant to one of the Mortgages.
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Examples of Mortgaged Facility in a sentence

  • The Florida Lease shall remain in effect with respect to the Mortgaged Facility known as Leesburg Nursing Center (the "Leesburg Facility") from and after the date hereof.

  • On the Due Date for, and in addition to, the monthly ------------------------------ installments of principal and/or interest due under any of the Notes, and in any event within five (5) days after notice to Borrowers by Agent, Borrowers shall pay to Agent monthly deposits in the amount of $25.00 per bed at each Mortgaged Facility to be held by Agent in a capital replacement reserve.

  • The Consumables located at each such Mortgaged Facility as of the Effective Time and included in the personal property being transferred by such IHS Entity pursuant to Section 3.2.5 are (to such IHS Entity's Knowledge) sufficient under applicable law to permit such Facility to be operated as currently operated.

  • HRES1 shall acknowledge and agree to the satisfaction and discharge of the debt under the promissory note dated as of January 28, 1995 and shall release its lien and security interest in and to the HRES1 Mortgaged Facility located at Slidell, Louisiana.

  • E-7 Pension and employee benefit laws and regulations including ERISA.

  • Notwithstanding anything to the contrary in this Indenture, neither the Company nor any of its Recourse Subsidiaries shall apply the proceeds of any Collateral which is a part of the Mortgaged Facility to the purchase of collateral securing the New Credit Facility.

  • Notwithstanding anything to the contrary in this Indenture, neither the Company nor any of its Recourse Subsidiaries shall apply the proceeds of any Collateral that is a part of the Mortgaged Facility to the purchase of collateral securing the Exit Credit Facility.

  • The Grantors and the Sharing Secured Parties (by acceptance of this Agreement) each agrees that the Lien of the Non-Sharing Mortgages on each Existing Mortgaged Facility is senior in right of security to the Lien of the Sharing Mortgages on each such Existing Mortgaged Facility to the extent of the "Senior Lien Limit" under and as defined in the Non-Sharing Mortgages covering the Existing Mortgaged Facilities.

Related to Mortgaged Facility

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.