New Mortgaged Properties definition

New Mortgaged Properties shall have the meaning provided in Section 5(r).

New Mortgaged Properties means, initially, the owned real properties specified on Schedule 1.01(a) of the Loan Parties, with respect to which a New Mortgage is granted pursuant to Section 5.16 and shall include each other parcel of owned real property and improvements thereto with respect to which a New Mortgage is granted pursuant to Section 5.12.

New Mortgaged Properties means each other parcel of owned real property and improvements thereto with respect to which a New Mortgage is granted pursuant to Section 5.12.

Examples of New Mortgaged Properties in a sentence

• Title opinions or other title information, as the Administrative Agent may reasonably require, satisfactory to the Administrative Agent, setting forth the status of title to at least 60% of the value of the New Mortgaged Properties (based on the values attributed to such Properties in the Reserve Report dated as of June 30, 2007) included in the Borrowing Base.

• The Agent and the Arrangers shall have received Phase I environmental review reports with respect to each of the Initial Mortgaged Properties and the New Mortgaged Properties from Environ International Corporation or another environmental assessment firm satisfactory to the Agent and the Arrangers in their Permitted Discretion, which review reports shall be reasonably satisfactory in form and substance to the Agent and the Arrangers.

• The New Mortgaged Properties are owned by the respective Subsidiaries of the Borrower described on such Exhibit A (the “New Collateral Subsidiaries”) and are subject to the terms of those certain loan agreements or other financing arrangements also described on such Exhibit A (collectively, the “New Senior Credit Agreements”).

• The Administrative Agent shall have received a Mortgage covering each of the New Mortgaged Properties.

• The Lenders shall have received a satisfactory environmental review with respect to the New Mortgaged Properties specified on Annex I.

More Definitions of New Mortgaged Properties

New Mortgaged Properties means each Mortgaged Property designated as such on Annex VIII hereto.

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

New Mortgaged Properties means all Real Property of the Credit Parties designated as such on Schedule III.

New Mortgaged Properties means Mortgaged Properties other than Existing Mortgaged Properties.

New Mortgaged Properties the real properties listed in Part II of ------------------------ Schedule 1.1D.

New Mortgaged Properties has the meaning assigned to that term in subsection 4.1N(i).

New Mortgaged Properties means (i) the Marketplace in Bakersfield, California and (ii) Horizon IV in Raleigh, North Carolina.