Mortgaged Site definition

Mortgaged Site means, collectively, or individually, the properties (including land and Improvements) described in Exhibit C, and all related facilities, owned or leased by the Borrowers and which shall be encumbered by and are more particularly described in the respective Deeds of Trust; provided that, (i) following a Release of a Mortgaged Site, “Mortgaged Sites” shall not include such Mortgaged Site, (ii) following a Substitution with respect to a Mortgaged Site, “Mortgaged Sites” shall include the Replacement Site and shall exclude the Substituted Site and, (iii) with respect to, or following, the addition of any Additional Site(s) and/or Additional Borrower Site(s), “Mortgaged Sites” shall include all such Sites required to be encumbered by a Deed of Trust pursuant to the Loan Agreement Supplement relating to such Additional Sites or Additional Borrower Sites.
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Mortgaged Site means, collectively, or individually, the properties (including land and Improvements) described in Exhibit I, and all related facilities, owned by the Asset Entities and which shall be encumbered by and are more particularly described in the respective Deeds of Trust; provided that, (i) following a Release, “Mortgaged Sites” shall mean each of the Mortgaged Sites that remain encumbered by the Deeds of Trust as Collateral for the Notes, (ii) following a Substitution, “Mortgaged Sites” shall include the Replacement Property and shall exclude the Substituted Property and (iii) following the addition of Tower Sites that are Owned Tower Sites pursuant to Section 2.12 that are encumbered by a Deed of Trust, shall include such additional Owned Tower Sites.
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Mortgaged Site has the meaning stated in the first Granting Clause of Article II.
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Examples of Mortgaged Site in a sentence

  • The lien of the Deed of Trust covering any such Mortgaged Site does and shall encumber and attach to all of the Asset Entity’s rights and remedies at any time arising under or pursuant to Section 365 of the Bankruptcy Code, including without limitation, all of such Asset Entity’s rights to remain in possession of such Tower Site and the leasehold estate.

  • The Borrowers may, without Lender consent, convert any Other Pledged Site to a Mortgaged Site, and upon satisfaction of the conditions required in Section 11.5 (A) through (L), other than (I) and (K) the applicable Other Pledged Site shall be deemed to be a Mortgaged Site hereunder and all references herein to the Deeds of Trust shall be deemed to include such Other Pledged Sites so mortgaged.

  • All obligations incurred by the Board hereunder are payable solely from the revenues and receipts to be derived from any leasing or sale of the Project or the Mortgaged Site or any of the other Collateral, including insurance proceeds and condemnation awards.

  • Due to the pipeline being in an environmentally sensitive area, right on the beach, the work was going to be challenging.

  • KINPAK agrees to permit the Bank to have access to the Mortgaged Site at all reasonable times in order to conduct, at the Bank's expense, any tests which the Bank deems necessary to ensure that KINPAK and the Mortgaged Site are in compliance with all Applicable Environmental Laws.

  • No toxic or hazardous substances (including, without limitation, asbestos) have been located, stored or dumped on the Mortgaged Site, or used in connection with, or in the construction or operation of the Collateral, or any part thereof except in compliance with applicable law.

  • No Obligor or any of its ERISA Affiliates has any liability relating to an Employee Benefit Plan that would result in a Lien on any Tower Site that is not a Mortgaged Site and no Lien on the assets of any Obligor in favor of the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor) with respect to any Employee Benefit Plan has arisen during the six year period prior to the date on which this representation is made or deemed made.

  • KINPAK and Properties hereby agree to pay any fines, charges, fees, expenses, damages, losses, liabilities and response costs arising from or pertaining to the application of any such Applicable Environmental Laws to the Mortgaged Site.

  • The Issuer shall have caused to be delivered to each applicable title insurance company mortgages (or related mortgage assignments) in recordable form for recordation in the appropriate public recording office for recordation, with the original title insurance policy to follow within 540 days of the Initial Closing Date with respect to each Mortgaged Site.


More Definitions of Mortgaged Site

Mortgaged Site means, collectively, or individually, the properties (including land and Improvements) described in Exhibit C, and all related facilities, owned or leased by the Amendment Date Borrowers and which shall be encumbered by and are more particularly described in the respective Deeds of Trust; provided that, (i) following a Release of a Mortgaged Site, “Mortgaged Sites” shall not include such Mortgaged Site, (ii) following a Substitution with respect to a Mortgaged Site, “Mortgaged Sites” shall include the Replacement Site and shall exclude the Substituted Site and, (iii) with ‑20‑ respect to, or following, the addition of any Additional Site(s) and/or Additional Borrower Site(s), “Mortgaged Sites” shall include all such Sites required to be encumbered by a Deed of Trust pursuant to the Loan Agreement Supplement relating to such Additional Sites or Additional Borrower Sites.
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Mortgaged Site means, collectively, or individually, the properties (including land and Improvements) described in Exhibit G, and all related facilities, owned or leased by the Asset Entities and which shall be encumbered by and are more particularly described in the respective Deeds of Trust; provided that, (i) following a disposition of a Mortgaged Site pursuant to Section 7.30 or Section 7.32 after the Amendment Effective Date, “Mortgaged Sites” shall not include such Mortgaged Site, (ii) following a substitution of a Mortgaged Site pursuant to Section 7.31 after the Amendment Effective Date, “Mortgaged Sites” shall include the Replacement Tower Site and shall exclude such Mortgaged Site and (iii) following the addition of an Additional Tower Site or an Additional Obligor Tower Site pursuant to Section 2.12 that is encumbered by a Deed of Trust after the Amendment Effective Date, “Mortgaged Sites” shall include such additional Tower Site or Additional Obligor Tower Site.
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Mortgaged Site means the land described in Exhibit C hereto together with all buildings, structures, plants, and other facilities located thereon constituting real property and any additional land or other real property which under the terms hereof is or becomes part of the Collateral.
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Mortgaged Site means, collectively, or individually, the properties (including land and Improvements) described in Exhibit I, and all related facilities, owned by the Asset Entities and which shall be encumbered by and are more particularly described in the respective Deeds of Trust; provided that, (i) following a disposition of a Cellular Site, “Mortgaged Sites” shall mean each of the Mortgaged Sites that remain encumbered by the Deeds of Trust as Collateral for the Notes, (ii) following a substitution of a Cellular Site, “Mortgaged Sites” shall include the Replacement Cellular Site added as part of such substitution if encumbered by a Deed of Trust and shall exclude the Cellular Site released as part of such substitution and (iii) following the addition of a Cellular Site pursuant to Section 2.12 that is encumbered by a Deed of Trust, “Mortgaged Sites” shall include such additional Cellular Site.
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Mortgaged Site has the meaning set forth in Annex A- 4.
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Related to Mortgaged Site

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

  • 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.

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

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

  • 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 Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

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

  • 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”.

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

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • 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.

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

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

  • 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.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Personal Property Collateral means all Collateral other than Real Property.

  • 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.

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

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxx Xxxx Xxxxxx Xxxxxxx Xxxx Xxxxx Xxxxxxxx XX0 0XX;

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

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.