Project Loan Mortgage definition

Project Loan Mortgage means the Fee and Leasehold Project Loan Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing of even date herewith executed by Borrower in favor of Lender, as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Project Loan Mortgage shall have the meaning as set forth in the Project Loan Agreement.

Project Loan Mortgage means that certain Project Loan Mortgage and Security Agreement dated the date hereof, executed and delivered by Borrower to Lender as security for the Project Loan and encumbering the Property, as the same may be amended, restated, supplemented or otherwise modified from time to time.

Examples of Project Loan Mortgage in a sentence

• The Project Loan shall be evidenced by the Project Loan Note and secured by the Project Loan Mortgage, the Project Loan Assignment of Leases and the other Project Loan Documents.

• Borrower confirms the grants of security interest and liens under the Building Loan Mortgage, the Project Loan Mortgage, and the Collateral Account Pledge Agreement, and with respect to specific Project Documents, Borrower hereby confirms the grant of such security interest and liens under the applicable Assignment and Consent.

• To secure the payment of the Project Loan and its obligations under other loan documents related to the Project Loan, on or about March 16, 2007, the Debtor as mortgagor, executed and delivered to Lender, as mortgagee, a certain Project Loan Mortgage, Assignment of Leases and Rents and Security Agreement (the “Project Mortgage”).

• Any such amount shall be secured by the Project Loan Mortgage and the other Project Loan Documents.

• Borrower will warrant and defend the validity and priority of the Liens of the Project Loan Mortgage and the Project Loan Assignment of Leases on the Property and the Lien created pursuant to the Cash Collateral Agreement on the Cash Collateral against the claims of all Persons whomsoever, subject with respect to the Property only to Permitted Encumbrances.

More Definitions of Project Loan Mortgage

Project Loan Mortgage means the “Mortgage” as defined in the Project Loan Agreement.

Project Loan Mortgage together with the Term Loan Mortgage and the Building Loan Mortgage, collectively, the “Mortgage” or “Mortgages”) from Borrower to Lender encumbering the real property, improvements and personalty described therein (the “Mortgaged Property”), and (viii) the other Loan Documents.

Project Loan Mortgage. The Project Loan Mortgage and Security Agreement made by the Borrower, as mortgagor, in favor of the Administrative Agent in its capacity as the Collateral Agent, as mortgagee, to secure the principal amount of $3,239,380 pursuant to which the Borrower grants for the benefit of DOE a mortgage encumbering all of its rights to the Project Site and the Improvements.

Project Loan Mortgage. That certain Project Loan Mortgage and Security Agreement from Borrower to Administrative Agent in the amount of the Project Loan, dated as of the date hereof, encumbering the Premises as a third lien (subject only to the Acquisition Loan Mortgage and the Building Loan Mortgage) and securing repayment of the Project Loan.

Project Loan Mortgage together with the Term Loan Mortgage and the Building Loan Mortgage, collectively, the “Mortgage”), and (ii) (x) that certain Term Loan Assignment of Leases and Rents dated as of December 22, 2017 made by Borrower for the benefit of Lender and recorded January 10, 2018 in the City Register as City Register File No. 2018000010558 (the “Term Loan Assignment”), (y) that certain Building Loan Assignment of Leases and Rents dated as of December 22, 2017 made by Borrower for the benefit of Lender and recorded January 10, 2018 in the City Register as City Register File No. 2018000010560 (the “Building Loan Assignment”), and (z) that certain Project Loan Assignment of Leases and Rents dated as of December 22, 2017 made by Borrower for the benefit of Lender and recorded January 10, 2018 in the City Register as City Register File No. 2018000010562 (the “Project Loan Assignment”, together with the Term Loan Assignment and the Building Loan Assignment, collectively, the “Assignment”).

Project Loan Mortgage has the meaning given to such term in Section 2.02 hereof.

Project Loan Mortgage together with the Term Loan Mortgage and the Building Loan Mortgage, as the same may be amended or modified from time to time, collectively, the “Mortgage” or “Mortgages”) with respect to the Premises, and (x) that certain Term Loan Assignment of Leases and Rents (the “Term Loan Assignment”), (y) that certain Building Loan Assignment of Leases and Rents (the “Building Loan Assignment”), and (z) that certain Project Loan Assignment of Leases and Rents (the “Project Loan Assignment”, together with the Term Loan Assignment and the Project Loan Assignment, as the same may be amended or modified from time to time, collectively, the “Assignment” or “Assignments”) with respect to the Premises. As used herein, the Loan Agreement, the Note, the Mortgage, the Assignment, and all other instruments evidencing, securing or pertaining to the Loan, now or from time to time hereafter executed and delivered to Lender in connection with the Loan, are referred to collectively herein as the “Loan Documents”. Unless otherwise defined herein, all initially capitalized terms shall have the respective meanings ascribed to such terms in the Master Loan Agreement;