Permitted Mortgages definition

Permitted Mortgages means financing by Ford Credit or Credit Affiliates of real property of Ford or Automotive Affiliates which at any time does not exceed $500 million in the aggregate.

Permitted Mortgages means those certain mortgages and/or deeds of trust entered into by Subsidiaries of the Borrower Parties with respect to Real Property directly owned by such Subsidiaries of the Borrower Parties to the extent such mortgages and deeds of trust are otherwise permitted under the Credit Agreement (including Section 8.1(1) of the Credit Agreement).

Permitted Mortgages means the following types of Mortgages:

Examples of Permitted Mortgages in a sentence

• If CLT elects to terminate the Lease, then the Permitted Mortgagee shall have the right (subject to Article 8 above and the attached Exhibit: Permitted Mortgages) to postpone and extend the specified date for the termination of the Lease for a period sufficient to enable the Permitted Mortgagee or its designee to acquire Homeowner’s interest in the Home and the Leased Land by foreclosure of its mortgage or otherwise.

• Such lien shall be prior to all other liens and encumbrances on the Home except (a) liens and encumbrances recorded before the recording of this Lease, (b) Permitted Mortgages as defined in section 8.1 below; and (c) liens for real property taxes and other governmental assessments or charges against the Home.

• Such lien shall be prior to all other liens and encumbrances on the Home except (a) liens and encumbrances recorded before the recording of this Lease, (b) Permitted Mortgages as defined in section 8.1 below; and (c) liens for real property taxes and other gov- ernmental assessments or charges against the Home.

• The CLT shall be required to permit any mortgage for which the mortgagee has signed a “Standard Permitted Mortgage Agreement” as set forth in “Exhibit E: Permitted Mortgages, Part C,” and for which the loan secured thereby does not increase Homeowner’s total mortgage debt to an amount greater than 100% of the then current Maximum Resale Price, calculated in accordance with Article 10 below.

• The Developer shall not terminate this Agreement as to any portion of the Property which is subject to any Security Financing Interest without first obtaining the prior written consent of all Permitted Mortgagees whose Permitted Mortgages encumber that portion of the Property.

More Definitions of Permitted Mortgages

Permitted Mortgages means (1) Mortgages imposed by law for taxes that are not yet due or are being contested in good faith and for which adequate reserves are being maintained, to the extent required by GAAP; (2) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Mortgages imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 90 days or are being contested in good faith and for which adequate reserves are being maintained, to the extent required by GAAP; (3) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; (4) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety, indemnity, release and appeal bonds, performance or warranty bonds and other obligations of a like nature, and guarantees or reimbursement or related obligations thereof, in each case in the ordinary course of business; (5) deposits securing liabilities to insurance carriers under insurance or self-insurance arrangements; (6) judgment (including pre-judgment attachment) Mortgages not giving rise to an Event of Default; (7) banker’s Mortgages, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depositary institution; provided that (a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by the Company or any Subsidiary in excess of those set forth by regulations promulgated by any applicable governmental authority and (b) such deposit account is not intended by the Company or any Subsidiary to provide collateral to the depositary institution; (8) Mortgages arising from UCC financing statement filings regarding operating leases or consignments entered into by the Company and any Subsidiary in the ordinary course of business; (9) customary restrictions imposed on the transfer of copyrighted or patented materials or other intellectual property and customary provisions in agreements that restrict the assignment of such agreements or any rights thereunder; (10) easements, leases, subleases, ground leases, zoning restrictions, building codes, rights-of-way, minor defects or irregularities in title and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not...

Permitted Mortgages means the existing first in priority mortgages affecting portions of the Properties which are more particularly described on Schedule 1.04.

Permitted Mortgages has the meaning assigned to such term in the 2017 Indenture.

Permitted Mortgages means those certain mortgages and/or deeds of trust entered into by Subsidiaries of the Borrower Parties with respect to Real Property directly owned by such Subsidiaries of the Borrower Parties to the extent such mortgages and deeds of trust are otherwise permitted under this Agreement (including Section 8.1(1)).

Permitted Mortgages means A mortgage or deed of trust on the Home and the Homeowner’s right to possess, occupy and use the Leased Land granted to a lender by the Homeowner with the SDCLT’s Permission. The Homeowner may not mortgage the SDCLT’s interest in the Leased Land, and may not grant any mortgage or deed of trust without SDCLT’s Permission."Permitted Mortgagee" shall mean each and all of the lenders providing the loans to Homeowner as set forth in Section 8.1.

Permitted Mortgages means any mortgage in favor of any Lender on Borrower’s premises in an aggregate principal amount not to exceed $30,000,000.

Permitted Mortgages means any mortgage in favor of any Lender on Borrower’s premises in an aggregate principal amount not to exceed $25,000,000. Person means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof, or any trustee, receiver, custodian, or similar official.