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 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 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.

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.

• Participant should review Indiana Code 24-4.4 (First Lien Mortgages) and Indiana Code 24-4.5 (Second Lien Mortgages) to determine if it meets any exemptions.

• The Servicer will promptly report to the Department any failure on its part to hold the Second Lien Mortgages as herein provided and promptly take appropriate action to remedy any such failure.

• The obligations of the Company under the Debentures and this Supplement are secured by, inter alia, a subordinated second priority lien, subject to the senior, first priority liens granted to Xxxxxxx and the Permitted Liens, on the Real Property Collateral pursuant to the terms of the Second Lien Mortgages and the Pelorus Intercreditor Agreement.

More Definitions of Second Lien Mortgages

Second Lien Mortgages means the "Mortgages", as defined in the Second Lien 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 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 the Borrower or any Guarantor is granted to secure any Second Lien Obligations or under which rights or remedies with respect to any such Liens are governed. “Second Lien Obligations” means with respect to any Second Lien Commodity Hedge and Power Sale Agreement or related Commodity Hedge Guaranty (but without duplication), the Permitted Second Lien Hedge Amount owed to the applicable Second Lien Commodity Hedge Counterparty pursuant thereto. “Second Lien Secured Debt Representative” means each Second Lien Commodity Hedge Counterparty. “Second Lien Secured Parties” means, at any time, the holders of Second Lien Obligations at such time, including, the Second Lien Collateral Agent and the Second Lien Commodity Hedge Counterparties; provided that, in the case of any Second Lien Commodity Hedge Counterparty, such Second Lien Commodity Hedge Counterparty, as applicable, shall have (a) executed and delivered to each of the Collateral Agents an Accession Agreement pursuant to which it has become a party to this Agreement and has agreed to be bound by the obligations of a Second Lien Secured Party under the terms hereof or (b) in the case of any such Second Lien Commodity Hedge Counterparty that is already party to an Accession Agreement with respect to one or more Second Lien Commodity Hedge and Power Sale Agreements, such Second Lien Commodity Hedge Counterparty shall have entered into a supplement to such Accession Agreement in the form of Attachment I thereto to include any additional Second Lien Commodity Hedge and Power Sale Agreement being entered into by such Second Lien Commodity Hedge Counterparty after the date of such Accession Agreement.

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 the Borrower or any Guarantor 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 has the meaning specified in Section 3.01(a)(iv) and shall include any other deed of trust, trust deed, mortgage, leasehold mortgage or leasehold deed of trust delivered from time to time after the date hereof pursuant to Section 5.01(j), in each case as amended.

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

Second Lien Mortgages has the meaning specified in Section 3.01(b)(iv).