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

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.

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• Where required by state law or regulation, the Mortgagor (other than Mortgagors of Closed-End Second Lien Mortgages) has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a “master” or “blanket” hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development.

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More Definitions of Second Lien Mortgages

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

Second Lien Mortgages has the meaning specified in Section 4.01(a)(vi).

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

Second Lien Mortgages means one or more Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents executed and delivered by OPMW in favor of the OPNY Administrative Agent (for the benefit of the OPNY Secured Parties) in respect of real property located in Allegheny County, Pennsylvania, Beaver County, Pennsylvania, Lawrence County, Pennsylvania, Washington County, Pennsylvania, Loraix Xxxxxx, Ohio and Trumbull County, Ohio which is owned or leased by OPMW delivered in connection with the OPNY Restated Credit Agreement.

Second Lien Mortgages means, collectively, (a) each mortgage or deed of trust, assignment of leases and rents in substantially the form of Exhibit H hereto (with appropriate modifications to such form to take into account variances in the requirements of applicable state laws or as the Second Lien Administrative Agent may reasonably request) delivered pursuant to Section 6.15 on the Real Property Assets subject to a Senior Mortgage, and (b) any mortgage or deed of trust, assignment of leases and rents, in similar form granting a security interest to the Second Lien Administrative Agent on any additional Mortgaged Property, as contemplated by Section 6.12.

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, 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.