Property Mortgages definition

Property Mortgages means all mortgages by which the Operator is bound, together with any replacement and other mortgages secured by the Properties.
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Property Mortgages means the mortgages registered over each of the Properties in favour of the Security Agent, each in the amount equal to the aggregate Nominal Amount of all the Bonds issued on the Issue Date.
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Examples of Property Mortgages in a sentence

  • For purposes of this definition, “Asset” means any asset that is related to or which represents a direct or indirect interest in Real Property, Mortgages or other Real Property-related debt, whether owned directly, indirectly or through a Joint Venture or other co-ownership relationship.

  • The interest on the Residential Development Property Mortgages accrues at either a fixed rate or, in the case of the Whitehawk Note, at the prime rate plus one percent per annum (not including any additional interest based on gross sales proceeds).

  • In addition, the Residential Development Property Mortgages are not subordinated to other indebtedness of the Residential Development Corporations.

  • Based on the foregoing, it is our opinion that each of the Residential Development Property Mortgages constitutes debt for federal income tax purposes.

  • In addition, based on our experience and an examination of the Residential Development Property Mortgages, the interest appears to represent a commercially reasonable rate of interest.

  • Real Property Mortgages exist and Cambodian banks often require certificates of property ownership as collateral before approving loans.

  • Additionally, in connection with the acquisition or origination of any Mortgage, any other type of debt investment or other investment related to or which represents a direct or indirect interest in Real Property, Mortgages or other Real Property-related debt whether owned directly, indirectly or through a Joint Venture or other co-ownership relationship, the Advisor is entitled to receive an Acquisition Fee of 1.0% of the Contract Purchase Price and any third-party expenses related to such investment.

  • Certification of entry No2, 402 pages 368 to 370 of volume 11 of the book of the Registry Office of Property, Mortgages and Provisional Property Registration, issued on April 13, 1993.

  • Although the Residential Development Property Mortgages are held by the Operating Partnership, which owns all of the nonvoting stock of the Residential Development Corporations, and an approximately 19 percent indirect equity interest in Whitehawk Development Group, LLC, these mortgages possess a number of attributes weighing in favor of debt treatment.

  • Through the lenders we hold agency with we can arrange mortgage products from the following range: Fixed Rate Mortgages, Variable Rate Mortgages, Capital and Interest Mortgages, Interest Only Mortgages, Pension Mortgages & Residential Investment Property Mortgages.

Related to Property Mortgages

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Facility Mortgage As defined in Section 13.1.

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

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Borrower or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.

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

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

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

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

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

  • 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.