Mortgaged Property Owner definition

Mortgaged Property Owner means the owner of a fee simple title (or leasehold interest to the extent permitted under this Agreement) to a Mortgaged Property.
Sample 1Sample 2Sample 3
Mortgaged Property Owner means, with respect to (i) each Mortgaged Property and (ii) each real property required to become a Mortgaged Property pursuant to Section 5.09 and/or Section 5.10, the Borrower and/or Restricted Subsidiary or Restricted Subsidiaries that own(s) such Mortgaged Property or real property, as applicable.
Sample 1Sample 2Sample 3
Mortgaged Property Owner means each Credit Party that owns or leases a Mortgaged Property.
Sample 1

Examples of Mortgaged Property Owner in a sentence

  • The absence of any action to enforce any of Lender’s rights under the Loan Documents or Mortgage Lender’s rights under the Mortgage Loan Documents, or available to Lender or Mortgage Lender at law, equity or otherwise, to recover any judgment against Borrower or any Mortgaged Property Owner or to enforce a judgment against Borrower or any Mortgaged Property Owner under any of the Loan Documents or Mortgage Loan Documents, as the case may be.

  • Any change in the laws, rules or regulations of any jurisdiction or any present or future action of any Governmental Authority or court amending, varying, reducing or otherwise affecting, or purporting to amend, vary, reduce or otherwise affect, any of the obligations of any Borrower under any of the Loan Documents, any Mortgaged Property Owner under the Mortgage Loan Documents or Guarantor under this Guaranty.

  • With respect to the immediately preceding five-year period, Boomerang has not undertaken a substantive analysis of Boomerang’s status as a United States real property holding corporation within the meaning of Section 897 of the Code.

  • Each of Borrower and Mortgaged Property Owner agrees that all of the representations and warranties set forth in this Article III and elsewhere in this Agreement are true as of the date hereof, will be true at the time of the Initial Advance and, except for matters which have been disclosed by Borrower or Mortgaged Property Owner and approved by Lender in writing, at all times thereafter.

  • Each Advance shall be deemed to be a reaffirmation by Borrower and Mortgaged Property Owner that each of the representations and warranties is true and correct as of the date of such Advance.

  • Each of Borrower and Mortgaged Property Owner is duly organized validly existing and in good standing under the laws of its state of organization and is duly qualified or licensed to transact business in all places where such qualification or license is necessary.

  • Borrower and Mortgaged Property Owner have the power to enter into and perform this Agreement and the Loan Documents, to the extent that each has executed such documents, and this Agreement does, and the Loan Documents when duly executed and delivered will, constitute the legal, valid and binding obligations of Borrower and Mortgaged Property Owner enforceable in accordance with their respective terms.

  • On the Closing Date, all approvals, authorizations and consents, including certificates of occupancy and environmental impact reports, if any be required, of all Governmental Authorities having jurisdiction with respect to each Mortgaged Property, Owner, Remainderman, if.

  • In addition, at Lender’s request, Borrower and Mortgaged Property Owner shall reaffirm such representations and warranties in writing prior to each disbursement hereunder.

  • Mortgaged Property Owner has no knowledge of any violations or notices of violations of any Legal Requirements relating to Mortgaged Property Owner and/or the Mortgaged Property.


More Definitions of Mortgaged Property Owner

Mortgaged Property Owner means the owner of a fee simple title (or leasehold interest to the extent permitted under this Agreement (b ) to a – Mortgaged Property.
Sample 1
Mortgaged Property Owner means the Phase II Property Owner.
Sample 1
Mortgaged Property Owner means, individually and collectively, as the case may be: (i) initially and until such time as the Preserve Property Mortgage is released by Lender pursuant to Section 8.15 hereof or otherwise, the Preserve Property Owner, and (ii) following the effectiveness of the Phase II Property Mortgage, the Phase II Property Owner.
Sample 1
Mortgaged Property Owner means each direct or indirect Subsidiary (which Subsidiary shall be an entity formed under the laws of the United States of America or one of the several states thereof) of the Borrower that owns a Mortgaged Property.
Sample 1
Mortgaged Property Owner means the owner of the Mortgaged Property that indirectly secures a Mezzanine Loan.
Sample 1

Related to Mortgaged Property Owner

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

  • 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.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • 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 Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Notes Mortgage.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Release Property has the meaning set forth in Section 2.5.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Mortgagor The obligor on a Mortgage Note.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.