New Mortgages definition

New Mortgages has the meaning specified in Section 6.17(a).

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New Mortgages shall have the meaning provided in Section 5.14(a).

New Mortgages means the Asteriks Mortgage, the Aurora Mortgage and the Orbiter Mortgage;

Examples of New Mortgages in a sentence

• The New Mortgages shall be duly recorded (at the Credit Parties’ expense) in each office where such recording is required to constitute a valid lien on the real property covered thereby.

• Credit Parties shall also deliver to Agent such other usual and customary documents, including ALTA surveys of the real property described in the New Mortgages, as Agent and its counsel may reasonably request relating to the real property subject to the New Mortgages.

• Borrower shall also deliver to Agent such other usual and customary documents, including, without limitation, ALTA surveys of the real property described in the New Mortgages, as Agent and its counsel may reasonably request relating to the real property subject to the New Mortgages.

• The New Mortgages shall be duly recorded (at Borrower’s expense) in each office where such recording is required to constitute a valid lien on the real property covered thereby.

• Such New Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.

More Definitions of New Mortgages

New Mortgages means new second priority mortgages over each of the Existing Vessels together with the collateral deed of covenants.

New Mortgages means the mortgages, deeds of trust, hypothecs, debentures, assignments of leases and rents, modifications and other security documents delivered pursuant to Section 5.12.

New Mortgages shall have the meaning assigned to that term in Section 8.14.

New Mortgages means the mortgages, deeds of trust, hypothecs, debentures, assignments of leases and rents, modifications and other security documents delivered pursuant to Sections 5.12 or 5.16.

New Mortgages means the mortgages and deeds of trust executed and delivered by certain of the Loan Parties to Collateral Agent in favor of the Lender Group pursuant to Section 6.01(b), in form and substance reasonably satisfactory to Collateral Agent.

New Mortgages the collective reference to the mortgages and deeds ------------- of trust in favor of the Administrative Agent, in form and substance satisfactory to the Administrative Agent, in respect of the New Mortgaged Properties.

New Mortgages has the meaning set forth in Section 5.4 of this Agreement. Notes collectively, the Term Notes and the Revolving Notes.