Second Priority Mortgages definition

Second Priority Mortgages means, collectively, each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property is granted by any Grantor to secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed.
Second Priority Mortgages means the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications and other security documents which create a Lien in favor of the Second Priority Collateral Trustee for the benefit of the Second Priority Debt Parties, delivered pursuant to the Second Priority Debt Documents, each substantially in the form of Exhibit [ ] to the RCF Facility, with such changes as are approved by the Senior Collateral Agent and the Second Priority Representatives.
Second Priority Mortgages means, collectively, each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property or vessels, as applicable, is granted by any Grantor to secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed.

Examples of Second Priority Mortgages in a sentence

  • A portion of the funds required by Mr. Trump to purchase such Second Priority Mortgages Notes was obtained through a loan with an affiliate of UBS Warburg LLC, one of the initial purchasers of the TCH Notes.


More Definitions of Second Priority Mortgages

Second Priority Mortgages means the "Mortgages", as defined in the Second Priority Credit Agreement.
Second Priority Mortgages shall have the meaning assigned to such term in Recital F.
Second Priority Mortgages means collectively the Amaralina Star Second Priority Mortgage and the Laguna Star Second Priority Mortgage.
Second Priority Mortgages means the Second Priority Leasehold Mortgages and the Second Priority Fee Mortgages, collectively.
Second Priority Mortgages means the "Mortgages" as defined in the 2003 Second Lien Note Indenture.
Second Priority Mortgages means, in respect of each Borrower’s Vessel, the second priority statutory mortgage over the Borrowers’ Vessels together with a deed of covenants collateral thereto, each in favour of the Zeus Lender, in the Agreed Form, and “Second Priority Mortgage” means any one of them; and