New Mortgaged Property definition

New Mortgaged Property has the meaning set forth in Section 5.12(b)(ii).
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New Mortgaged Property has the meaning specified therefor in Section 7.01(n).
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New Mortgaged Property shall have the meaning given such term in Section 4.01(c).
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Examples of New Mortgaged Property in a sentence

  • The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables) with respect to such New Mortgaged Property.

  • Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables), the Person that has acquired such New Mortgaged Property shall promptly furnish no more than 90 days after the acquisition (unless a later date is otherwise agreed to by the Collateral Agent) the same to the Collateral Agent.

  • The Administrative Agent shall have received (i) this Agreement, executed and delivered by a duly authorized officer of Holdings and the Borrower, (ii) the Guarantee and Collateral Agreement, executed and delivered by a duly authorized officer of Holdings, the Borrower and each Subsidiary Guarantor and (iii) a Mortgage covering the real property located in Wisconsin being acquired in the Acquisition (the "New Mortgaged Property"), executed and delivered by a duly authorized officer of each party thereto.

  • The Original Mortgaged Property and the Additional Property shall collectively be referred to in this Agreement as the "New Mortgaged Property", which is described on Exhibit "C" attached hereto.

  • The Administrative Agent shall be reasonably satisfied with the environmental condition of any New Mortgaged Property.

  • Release of Mortgaged Properties to Affiliates under Defaulted or Delinquent Assets; Early Refinancing Prepayment; Other Sales or Exchanges 94 Section 7.03 Transfer of Lease to New Mortgaged Property.

  • Borrower shall execute and deliver to Lender such agreements, instruments, documents, financing statements and other writings as may be reasonably requested from time to time by Lender to perfect and to maintain the perfection of Lender's security interest in and to the New Mortgaged Property, and to consummate the transactions contemplated by or in the Loan Documents, including, without limitation, this Agreement.

  • Subject to the rights of the Administrative Agent, the Collateral Agent and the Lenders under Section 5.11, the Mortgages delivered on the New Mortgaged Property shall be all of the Mortgages required with respect to such property.

  • The Administrative Agent shall have received in respect of each property either (i) a zoning endorsement, or (ii) written confirmation from the applicable zoning commission or other appropriate Governmental Authority stating that with respect to each New Mortgaged Property as built it complies with existing land use and zoning ordinances, regulations and restrictions applicable to such New Mortgaged Property.

  • Such Borrower shall have executed and delivered to Agent a Contract Assignment with respect to the New Mortgaged Property being pledged, if applicable.


More Definitions of New Mortgaged Property

New Mortgaged Property means any property and all rights, titles and interests appurtenant thereto which the Borrower or any Subsidiary Mortgagor proposes to encumber by a Mortgage at any time subsequent to the Closing Date.
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New Mortgaged Property shall have the meaning provided in Section ---------------------- ------- 5.13. ----
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New Mortgaged Property has the meaning specified in Section 5.04.
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New Mortgaged Property means any Ground Lease, Land, Improvements, Personalty, Leases, Rents, Property Agreements and Equipment (to the extent the same shall be deemed fixtures), and all rights, titles, interests and estates appurtenant thereto, which a Borrower proposes to encumber by a Mortgage at any time after the initial Advance Closing Date.
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New Mortgaged Property means each Real Property owned by the Borrower and designated as “New Mortgaged Property” on Schedule 6.17.
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Related to New Mortgaged Property

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

  • 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).

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • 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.

  • 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.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

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

  • 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.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

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