Mortgaged Land definition

Mortgaged Land means the Hamlets Land and the Tuscany Land, collectively.

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Mortgaged Land shall have the meaning set forth in Section 2.12.

Mortgaged Land means the "Land" as defined in the Security Instrument.

Examples of Mortgaged Land in a sentence

The lien of the Deed of Trust shall constitute a first mortgage Lien of record on the Mortgaged Land and a first security interest of record in all other Collateral, subject only to such Permitted Liens as Lender shall approve.
Lender shall have had made available to it such evidence as may be requested by it and satisfactory to it that the Mortgaged Land is in material compliance with all applicable laws, rules and regulations.
However, if such recalculated Loan to Value Ratio is insufficient for such purpose, Borrower shall, within ten Business Days after receipt of notice from Lender of such insufficiency, either (i) make a Prepayment which, if made prior to the date of measurement of such recalculated Loan to Value Ratio, would have caused Borrower to be in compliance with the Loan to Value Covenant; or (ii) deliver an Additional Mortgaged Land Notice.
Without Lender’s consent, Borrower shall not lease any Mortgaged Land for a period greater than one (1) year.
If requested, Lender shall have received a Level I, Phase I environmental report relating to the Mortgaged Land, and such additional environmental reports as Lender shall have requested, in form and substance satisfactory to Lender and prepared by a consultant satisfactory to Lender.
Borrower shall not permit any Person other than Borrower to own any items affixed to any Mortgaged Land other than trade fixtures, equipment or other items leased by Borrower under capital leases in the ordinary course of business.
Promptly following receipt of such new Conforming Appraisal, Lender shall recalculate the Loan to Value Ratio using the Market Value stated therein (and, if the new Conforming Appraisal does not include all of the Mortgaged Land, previously performed Conforming Appraisals of any such excluded Mortgaged Land), and notify Borrower of the results.
Lender shall have had made available to it true and correct copies of all permits, licenses or certificates as may be requested by it and are applicable to the Mortgaged Land, and all such documents shall be in form and substance satisfactory to Lender.
Notwithstanding any provision to the contrary in the Security Instrument or other Loan Documents, Borrower may enter into tenant leases of the Mortgaged Land to unrelated third parties providing for rental and other terms and conditions reasonably determined by Borrower to be consistent with the then current market for such property; provided that all such leases shall be subordinate to the lien and security interest In such Mortgaged Land created by the Security Instrument.
If and when all of the Additional Mortgaged Land Conditions are satisfied, no further action by Borrower is required with respect to the Loan to Value Covenant for the applicable period.

More Definitions of Mortgaged Land

Mortgaged Land means the real property described in the Mortgage, all appurtenances thereto and all estates and interests therein, and includes all buildings, plant, machinery, crops, erections and improvements, fixed or otherwise, present or future, built, grown, placed or put thereon including all fences, heating equipment, plumbing equipment, antennae, radiators, mirrors, air-conditioning equipment, ventilating equipment, fire alarm and protective systems, lighting and lighting fixtures, hay racks, barn fixtures, milking machine equipment, water tanks, pumps and windmills, water bowls and pipes, feed boxes, litter earners and tracks, mobile homes affixed to the real property, furnaces, boilers, oil burners, stokers, water heating equipment, cooking and refrigeration equipment, window blinds, floor coverings, storm windows, storm doors, window screens, door screens, shutters and awnings, all apparatus and equipment appurtenant thereto, and all other fixtures and accessions of any kind or nature.

Mortgaged Land. – means the land subject to this Mortgage.

Mortgaged Land means the land described in box 3 on page 1 of the mortgage and, where applicable, further described in the additional provisions in the mortgage.

Mortgaged Land means collectively, (a) the ▇▇▇▇▇▇▇▇ Land, (b) if and when the FMB Loan is disbursed, the FMB Land, (c) if and when the ▇▇▇▇▇▇▇ Land is disbursed, the ▇▇▇▇▇▇▇ Land; and (d) any Additional Mortgaged Land under Section 9.01(c).

Mortgaged Land has the meaning specified in Section 3.01 of the Loan Agreement.

Mortgaged Land means that certain tract or parcel of land described as Parcel One on EXHIBIT A, being a certain 92.75 acre, more or less, tract of land to be used by Borrower to construct the Borrower’s new offices.