Second Lien Mortgages definition

Second Lien Mortgages means a collective reference to each mortgage, deed of trust and any other document or instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Liens are governed.

Second Lien Mortgages means a collective reference to each mortgage, deed of trust and any other document or instrument under which any Lien on real property owned by any Grantor is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Liens are governed.

Second Lien Mortgages means the "Mortgages", as defined in the Second Lien Credit Agreement.

Examples of Second Lien Mortgages in a sentence

• The outstanding balance of the aggregate purchase prices paid to the Company by the Warehouse Purchasers for Eligible Mortgages (including Second Lien Mortgages and Bulk Purchase Mortgages, if any) which have not yet been sold to an Investor shall not exceed the Purchase Limit at any time.

• The outstanding balance of the aggregate purchase prices paid to the Company by the Warehouse Purchasers for Second Lien Mortgages which have not yet been sold to an Investor shall not exceed the Second Lien Sub-Limit at any time.

• All such insurance policies (collectively, the “hazard insurance policy”) (other than hazard insurance policies relating to Closed-End Second Lien Mortgages) contain a standard mortgagee clause naming Guarantor, its successors and assigns (including, without limitation, subsequent owners of the Mortgage Loan), as mortgagee.

• Promptly after the assertion or occurrence thereof, notice of any Environmental Action against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could (i) reasonably be expected to have a Material Adverse Effect or (ii) cause any property described in the Second Lien Mortgages to be subject to any material restrictions on ownership, occupancy, use or transferability under any Environmental Law.

• This Article Twelve, the Second Lien Security Agreement, the Second Lien Mortgages and the other Second Lien Collateral Documents are subject to the terms, limitations and conditions set forth in the Intercreditor Agreement, which the Trustee as Collateral Agent is hereby directed to execute, deliver and perform.

More Definitions of Second Lien Mortgages

Second Lien Mortgages means any mortgage recorded in favor of the Second Lien Administrative Agent which secures the Second Lien Lender Claims, as amended from time to time.

Second Lien Mortgages means the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications and other security documents delivered pursuant to the Second Lien Credit Agreement and/or the Second Lien Debt Loan Documents.

Second Lien Mortgages means the “Mortgages” as defined in the Second Lien Credit Agreement.

Second Lien Mortgages means each of the second-priority mortgages or other security documents relating to the Real Estate Collateral, which are junior to certain Grantor’s obligations under the Pelorus Loan Agreement, the Pelorus-Harborside Loan Agreement and/or the Pelorus-Urbn Leaf Loan Agreement.

Second Lien Mortgages means the mortgages, deeds of trust and other security documents granting a Lien on any fee owned real property or interest therein to secure the Second-Lien Secured Obligations, each in a form reasonably satisfactory to the Second-Lien Collateral Agent.

Second Lien Mortgages means, with respect to each Mortgaged real property, the Second Lien Mortgage, Security Agreement, Assignment of Rents and Leases and Fixture Filing by applicable US Borrower in favor of the US Administrative Agent. 50 Chemtura (Revolving Facility) Credit Agreement

Second Lien Mortgages means the mortgages and deeds of trust listed under the heading “Second Lien Mortgages” on Schedule 4.21-4.