New Mortgage definition

New Mortgage shall have the meaning provided in Section 7.10.
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New Mortgage means the first preferred Liberian mortgage over “AGAMEMNON II” executed or to be executed by the New Owner in favour of the Security Trustee in such form as the Lenders may approve or require;
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New Mortgage means, in relation to a New Ship, the priority or preferred (as applicable) ship mortgage on a New Ship and, if applicable, the deed of covenant collateral thereto, in agreed form.
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Examples of New Mortgage in a sentence

  • Any term of this Agreement to which effect is not given on the Initial Closing Date or on any Assignment Date (including in particular, but without limitation, the liability of the Seller under the Representations and Warranties and the provisions of Clause 4 (Sale and Purchase of New Mortgage Portfolios)) shall not merge and shall remain in full force and effect notwithstanding the sale and purchase contemplated by this Agreement.

  • The Mortgage Portfolio may be augmented from time to time by the sale and assignment to the Mortgages Trustee on any Distribution Date of a New Mortgage Portfolio by the Seller.

  • Illinois Power Company has caused this New Mortgage Bond to be signed (manually or by facsimile signature) in its name by an Authorized Executive Officer, as defined in the Indenture, and its corporate seal (or a facsimile thereof) to be hereto affixed and attested (manually or by facsimile signature) by an Authorized Executive Officer, as defined in the Indenture.

  • The Additional Mortgage Loans shall satisfy the requirements of Section 3.03 below and shall have Excess Servicing Fee Rates such that the Make Whole Amount (calculated as though such Additional Mortgage Loans were New Mortgage Loans) is not more than zero.

  • The Mortgages and each New Mortgage shall be duly recorded (at Borrowers' expense) in each office where such recording is required to constitute a valid Lien on the real Property covered thereby.


More Definitions of New Mortgage

New Mortgage has the meaning stated in Section 21.
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New Mortgage means a mortgage, deed of trust or deed to secure debt, as applicable, substantially in the form of Exhibit H or otherwise in form and substance reasonably acceptable to Administrative Agent, granted on or after the Closing Date in favor of Administrative Agent as security for the Obligations, as it may be amended, supplemented or otherwise modified from time to time.
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New Mortgage means, collectively, the "New Mortgages" referred to in item 11 of Exhibit D and any mortgages and supplements executed pursuant to Section 8.09 (a) hereof.
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New Mortgage means the second priority Maltese statutory mortgage over the New Ship executed or to be executed by the New Owner in favour of the Lender in such form as the Lender may approve or require;
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New Mortgage means that certain Mortgage substantially in the form set forth in Exhibit 4, with appropriate insertions, to be executed by ▇▇▇▇▇▇▇▇ and delivered to Lender at the Closing of the Loan, by which Borrower grants Lender a new mortgage in and to the premises described therein to secure partial payment of the Loan and partial performance of this Agreement, to be consolidated with the Existing Mortgage to create a single first lien security interest in the premises described therein; and all further amendments, modifications and extensions thereof.
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New Mortgage means, in the case of a New Ship, a first preferred Liberian mortgage on that New Ship executed or, as the case may be, to be executed by the New Owner which is the owner of that New Ship in favour of the Security Trustee, in such form as the Lenders may approve or require and, in the plural, means both of them;
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New Mortgage means, in relation to:
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