Specifically Mortgaged Premises definition

Specifically Mortgaged Premises means the said Properties, comprising of (a) the Gujarat Immovable Property of the Company in the State of Gujarat as more specifically described in the Part – “A”, (b) “the Gas Turbine Properties” of the Company in the State of Assam, as more specifically described in the Part – “B” and (c) “the Plant & Machinery Properties” in the State of Arunachal Pradesh, as more specifically described in the Part – “C” of the First Schedule hereunder expressed to be granted, conveyed, transferred, assured and assigned as specific security for the redemption of the principal amount of the Bonds, interest, liquidated damages and other monies for the time being owing and intended to be secured hereunder in terms of the provisions of clause 4A hereof.
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Specifically Mortgaged Premises means the property real or immovable and personal or movable, expressed herein, or in any deed supplemental hereto, to be now or hereafter mortgaged, pledged and charged by way of a fixed and specific first charge, or intended so to be with payment of the moneys hereby secured.
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Specifically Mortgaged Premises means of the Company expressed to be granted, conveyed, transferred, assured and assigned and all other immovable properties hereby made as specific security for the redemption of the principal amount of the debentures, interest, liquidated damages and other applicable charges for the time being owing and intended to be secured hereunder in terms of the provisions of Clause 4A hereof hereinafter agreed to be granted, conveyed, transferred, assured and assigned by the company to the Trustees in terms of Clause 4(B) hereof.
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Examples of Specifically Mortgaged Premises in a sentence

  • If without the prior approval of the Bond Trustees and Bondholder(s)/Beneficial Owner(s) any land, buildings, structures, plant and machinery forming a part of the Specifically Mortgaged Premises are sold, disposed of charged encumbered or alienated or the said buildings, structures, machinery, plant or other equipment are removed pulled down or demolished.

  • The Company shall be at liberty at any time during the continuance of this security, with the prior permission in writing of the Trustees and Bondholder(s)/Beneficial Owner(s), to withdraw any of the Specifically Mortgaged Premises from such of the trusts powers and provisions hereof as exclusively relate to the Specifically Mortgaged Premises upon substituting other property of a value sufficient to provide the security cover as provided in these presents.

  • However, until the Bonds are fully redeemed the Company shall not create any mortgage or charge on any of the aforesaid Specifically Mortgaged Premises without the prior written approval from the Bondholder(s)/ Beneficial Owner(s).

  • The Company shall be at liberty at any time during the continuance of this security, with the prior permission in writing of the Trustees, to withdraw any of the Specifically Mortgaged Premises from such of the trusts powers and provisions hereof as exclusively relate to the Specifically Mortgaged Premises upon substituting other property whether of the same or greater than the value of the property proposed to be withdrawn.

  • However, until the Debentures are fully redeemed the Company shall not create any mortgage or charge on Specifically Mortgaged Premises without the prior written approval of the Debenture Trustees except as provided for in Clause 5 (b) herein.

  • The Trustees may pay over to the Receiver any monies constituting part of the Specifically Mortgaged Premises to the extent that the same may be applied for the purposes hereof by such Receiver and the Trustees may, from time to time, determine what funds the Receiver shall be at liberty to keep in hand with a view to the performance of his duties as such Receiver.

  • The Trustees shall not, nor shall any Receiver as aforesaid, be liable by reason of the Trustees or such Receiver entering into or taking possession of the Specifically Mortgaged Premises or any part or parts thereof to account as mortgagees in possession or for anything, except actual receipts or be liable for any loss upon realisation or for any default or omission for which a mortgagee in possession might be liable.

  • Until the happening of any of the Event(s) of Default set out in Clause 6 above the Trustees shall not be in any manner required, bound or concerned to interfere with the management of the affairs of the Company or its business or the custody, care, preservation or repair of the Specifically Mortgaged Premises or any part thereof.

  • In addition to reduced state income taxes, the tax rate was impacted by an adjustment to the liability for deferred income taxes to reflect the Company's current assessment of tax contingencies provided for in prior years.

  • The Trustees may, from time to time, fix remuneration of the Receiver and direct payment thereof out of the Specifically Mortgaged Premises, but the Company alone shall be liable for the payment of such remuneration.


More Definitions of Specifically Mortgaged Premises

Specifically Mortgaged Premises means the property and assets hereby mortgaged or charged by way of a fixed and specific mortgage or charge to or in favour of NSBDC;
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Specifically Mortgaged Premises or "Specifically Mortgaged Property" means the properties, interests, rights and privileges of the Corporation set forth in subclause 4(a) hereof; and
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Related to Specifically Mortgaged Premises

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • the Land means the land (including for the avoidance of doubt all buildings, structures landscaping and other erections) situated at and known as Xxxxxxx School Xxxxxxxxxxx Xxxx Xxxxxxxxxx Xxxxxxxxx XX00 0XX and registered under Title Number WT292137;

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Facility Mortgage As defined in Section 13.1.

  • the Building means any building of which the Property forms part.

  • Mobile home space means a parcel of land for rent which has been designed to accommodate a mobile home and provide the required sewer and utility connections.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Release Property has the meaning set forth in Section 2.5.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Project site, where applicable, means the place indicated in bidding documents.