Original Mortgaged Property definition

Original Mortgaged Property means each Mortgaged Property designated on Schedule 6.18 as an “Original Mortgaged Property”, it being understood that each Owned Real Property of Holdings or any of its Subsidiaries (other than Target and its Subsidiaries) which is required to become a Credit Party and with a fair market value reasonably estimated to be in excess of $30,000,000, other than the Original Mortgage Tax State Properties, shall be set forth as an “Original Mortgaged Property” on said Schedule 6.18.
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Original Mortgaged Property and "ORIGINAL MORTGAGED Properties" have the meanings assigned to those terms in subsection 6.14.
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Original Mortgaged Property shall have the meaning provided in Section 5.10.
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Examples of Original Mortgaged Property in a sentence

  • Additionally, the Security Instrument, the Assignment of Leases (defined below), the Fixture Filing (defined below) and, as applicable, the other Loan Documents are hereby modified to add the legal description of the Additional Property to the legal description of the Original Mortgaged Property described in such applicable Loan Documents.

  • 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.

  • Sufficient easements are permanently in place for all such vehicular and pedestrian access and for any utility or water easements necessary to utilize the Original Mortgaged Property and the Additional Property for their current use.

  • The Requested Action will not unreasonably interfere with the normal use and operation or decrease the value of the Original Mortgaged Property or prohibit vehicular or pedestrian access to and from the Original Mortgaged Property to and from public roads and rights of way.

  • XXXXXXX ------------------------------------ Notary Public [SEAL] Schedule A Original Mortgaged Property This Schedule A to the foregoing Mortgage Spreader Agreement is not filed with such document.

  • Borrower has (a) complied with all requirements of the appropriate governmental authorities in connection with the Additional Property and (b) has obtained all zoning and subdivision approvals of such governmental authorities as are necessary in order for the Original Mortgaged Property and/or the Additional Property to be (i) distinct and legally identifiable tracts of real property and (ii) separately assessed for purposes of taxes and zoning.

  • Legal and practical ingress and egress will be available to the Original Mortgaged Property and the Additional Property after the consummation of the Requested Action.

Related to Original Mortgaged Property

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

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

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

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

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

  • 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.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • 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.

  • 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.

  • 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.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

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

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

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

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

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

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Supplemental Mortgage Loan Any Mortgage Loan other than an Initial Mortgage Loan conveyed to the Trust Fund pursuant to Section 2.01 hereof and to a Supplemental Transfer Agreement, which Mortgage Loan shall be listed on the revised Mortgage Loan Schedule delivered pursuant to this Agreement and on Schedule A to such Supplemental Transfer Agreement. When used with respect to a single Supplemental Transfer Date, Supplemental Mortgage Loan shall mean a Supplemental Mortgage Loan conveyed to the Trust Fund on that Supplemental Transfer Date.

  • Residential mortgage loan means any loan primarily for

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

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

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.