Owner Trustee Mortgage definition

Owner Trustee Mortgage means a Mortgage and Security Agreement made by Owner Trustee in favor of Agent with respect to a Trust Agreement (in connection with certain Equipment), as security for certain obligations under this Agreement.
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Owner Trustee Mortgage means an Owner Trustee Mortgage and Security Agreement substantially in the form attached hereto as Exhibit E.
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Owner Trustee Mortgage shall have the meaning given to such term in Section 2.25.
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Examples of Owner Trustee Mortgage in a sentence

  • Upon payment in full of the amounts specified in this Section 2.10, Lender, at the Borrower's expense, shall execute all documents provided by Borrower to release the applicable Engine and related Collateral (including, without limitation, the related Lease and all letters of credit, security deposits and similar credit enhancements provided by the lessee under the Lease) from the Lien of the Owner Trustee Mortgage and each other applicable Loan Document.

  • The Borrower shall open the Blocked Account and direct each Lessee to make all payments due under the relevant Lease (other than maintenance reserves, security deposits, if any, casualty insurance proceeds and Excluded Payments as that term is defined in each Owner Trustee Mortgage) to the Blocked Account.

  • In respect of each Loan, as security for the punctual payment in full of the related Note (including all payments of principal, and interest and other costs contemplated hereby) the Borrower shall execute, or shall cause the Owner Trustee to execute, and deliver to the Lender the relevant Owner Trustee Mortgage and Beneficial Interest Pledge Agreement and such other documents as may be necessary to constitute and evidence and perfect a security interest in the Collateral.

  • There shall occur an Event of Default (as that term is defined in the Owner Trustee Mortgage), and such Event of Default shall not have been cured within a period of 10 Business Days after the earlier of (1) actual knowledge of any executive officer of the Borrower or (2) written notice thereof from the Lender to the Borrower.

  • The Borrower shall be entitled to remove and request the Lender to release certain items of Collateral in accordance with the provisions of Section 22 of the applicable Beneficial Pledge Agreement and Section 8.09 of the applicable Owner Trustee Mortgage.

  • Evidence, in form and scope satisfactory to the Lender, of the insurance required by Section 3.06 of the relevant Owner Trustee Mortgage, provided the Borrower shall have the right to defer delivery thereof for a period of up to 30 days from the Loan Closing Date.

  • All maintenance reserves, security deposits and proceeds of casualty insurance shall be held and applied by the Lender pursuant to and in accordance with the Owner Trustee Mortgage.

  • Lender shall have the right, at the Borrower’s cost and expense, to request an opinion of counsel licensed to practice in the jurisdiction in which the lessee under such Eligible Lease resides or is domiciled as to such matters as Lender shall reasonably request concerning the Collateral and the enforcement of rights of the Lender under an Owner Trustee Mortgage.

  • WXXXX FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity, except as expressly provided herein, but solely as Owner Trustee By: Name: Title: UNION BANK, N.A., as Mortgagee By: Name: Kxxxx Xxxxxxxx Title: Senior Vice President W02-WEST:5JDA1\402518309.3 -- Owner Trustee Mortgage and Security Agreement EXHIBIT A Airframe A Bombardier Aerospace Inc.

  • Lender shall have the right, at the Borrower's cost and expense, to request an opinion of counsel licensed to practice in the jurisdiction in which the lessee under such Eligible Lease resides or is domiciled as to such matters as Lender shall reasonably request concerning the Collateral and the enforcement of rights of the Lender under an Owner Trustee Mortgage.


More Definitions of Owner Trustee Mortgage

Owner Trustee Mortgage means (i) each Owner Trustee Mortgage executed by Owner Trustee in favor of the Security Agent, as amended by the Omnibus Amendment to Owner Trustee Mortgage and (ii) a Owner Trustee Mortgage in the form and substance of attached hereto as Exhibit I, as amended and supplemented from time to time.
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Related to Owner Trustee Mortgage

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • indenture trustee or “institutional trustee” means the Trustee.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Loan Trustee Means, with respect to any Indenture, the bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee.

  • Owner Trust means the trust created by this Agreement.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • NIM Trustee The trustee for the NIM Securities.

  • Issuing Entity as used in this Note includes any successor to the Issuing Entity under the Indenture. The Issuing Entity is permitted by the Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. The Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. This Note and the Indenture shall be construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions, and the obligations, rights and remedies of the parties hereunder and thereunder shall be determined in accordance with such laws. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. Anything herein to the contrary notwithstanding, except as expressly provided in the Basic Documents, none of U.S. Bank Trust Company, National Association, in its individual capacity, Wilmington Trust, National Association, in its individual capacity, any owner of a beneficial interest in the Issuing Entity, or any of their respective partners, beneficiaries, agents, officers, directors, employees or successors or assigns shall be personally liable for, nor shall recourse be had to any of them for, the payment of principal of or interest on this Note or performance of, or omission to perform, any of the covenants, obligations or indemnifications contained in the Indenture. The Holder of this Note by its acceptance hereof agrees that, except as expressly provided in the Basic Documents, in the case of an Event of Default under the Indenture, the Holder shall have no claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all liabilities, obligations and undertakings contained in the Indenture or in this Note.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.