Senior Mortgage Loan definition

Senior Mortgage Loan. Any Mortgage Loan with respect to which the related Security Instrument constitutes a lien of first priority on the related Collateral.

Senior Mortgage Loan. With respect to any Second Mortgage Loan, a mortgage loan on the related Mortgaged Property that is senior to the lien provided by such Second Mortgage Loan.

Senior Mortgage Loan means, in respect of a U.S. Purchased Asset, a performing senior commercial or multifamily fixed or floating rate senior mortgage loan evidenced by one or more promissory notes or senior participation interests in such a mortgage loan evidenced by a certificate of participation, in each case secured by first liens on multifamily or commercial properties, and, in respect of a Foreign Purchased Asset, a performing senior commercial or multifamily fixed or floating rate senior mortgage loan or senior participation interests in such a mortgage loan evidenced by a certificate of participation, in each case secured by first liens on multifamily or commercial properties.

Examples of Senior Mortgage Loan in a sentence

• Tier Dropping Supplemental Mortgage LoanMortgage Loan purchased by Fannie Mae that is subordinated to, and has a Mortgage Loan Origination Date after, the Senior Mortgage Loan that is also owned by Fannie Mae.

• The Senior Mortgage Loan is or will be secured by a senior mortgage lien (the "Senior Mortgage") on a multifamily housing project known as [NAME OF PROJECT], located in the [CITY], CA (the "Property”) and as more fully described in Exhibit A attached hereto.

• There needs to be integrated on and off job learning for many industries.

• All amounts paid by the County in accordance with the Senior Mortgage Loan Documents to cure a Subordinate Loan Default or Regulatory Agreement Default (as applicable) shall be deemed to have been advanced by the County pursuant to, and shall be secured by the lien of, the Senior Mortgage.

• Subordinate Lender Under the Subordinate Loan Documents and of the County under the Senior Mortgage Loan Documents.

More Definitions of Senior Mortgage Loan

Senior Mortgage Loan. With respect to any Junior Mortgage Loan, a mortgage loan on the related Mortgaged Property that is senior to the lien provided by such Junior Mortgage Loan.

Senior Mortgage Loan means a performing senior commercial or multifamily fixed or floating rate mortgage loan or A-Note related to a performing senior commercial or multifamily fixed or floating rate mortgage loan, in each case secured by a first lien on multifamily or commercial properties.

Senior Mortgage Loan means a Mortgage Loan in a Serviced Loan Group.

Senior Mortgage Loan means that certain $95,000,000 Senior Mortgage Loan made by the Senior Mortgage Loan Lender in favor of the Senior Mortgage Loan Borrowers pursuant to the Senior Mortgage Loan Documentation.

Senior Mortgage Loan means that certain loan issued under that certain Loan Agreement between Column Financial, Inc., a Delaware corporation and the borrowers thereunder, listed on Schedule VII hereto, in an outstanding aggregate principal amount not to exceed $95,000,000, including any related guarantees, collateral documents, instruments and agreements, as such may be amended, modified, renewed, refunded, replaced (within two Business Days) or refinanced, but not increased, from time to time, and all accrued and unpaid interest costs and expenses thereunder.

Senior Mortgage Loan means, individually or collectively, each LaSalle Senior Mortgage Loan, the Jones Road Shopping Center Mortgage Loan or the Natick Mall Mortgage Xxxx, as applicable.

Senior Mortgage Loan means, with respect to each Approved Core Asset Investment, a senior mortgage loan from a Senior Mortgage Lender to a DST for the purpose of financing the acquisition of the applicable Core Asset on terms approved by Administrative Agent, which Senior Mortgage Loan shall be secured by the applicable Core Asset; provided, however, such Senior Mortgage Loan shall be non-recourse to the Borrower Parties and in an amount equal to no more than sixty five percent (65%) of the total Core Asset Costs for such Core Asset except to the extent otherwise approved by Administrative Agent.