Subordinated Mortgage definition

Subordinated Mortgage means the Subordinated Spare Parts Mortgage and Security Agreement in substantially the form of Exhibit A-2 to this Agreement entered into by the Borrower and the Security Trustee to secure the obligations of the Borrower under the Payment and Indemnity Agreement.

Subordinated Mortgage has the meaning given to that term in the Loan Agreement.

Subordinated Mortgage means the Subordinated Deed of Trust and Security Agreement dated as of July 1, 1996 among Old Dominion, as grantor, and Rxxxxxx X. Xxxxxxx and Mxxxxxx X. Xxxxx, as Subordinated Trustees.

Examples of Subordinated Mortgage in a sentence

• The LC Debt is purportedly secured by a Supplemental Mortgage, a Subordinated Mortgage, Security Agreement and Financing Statements as amended and supplemented from time to time, an Act of Collateral Pledge dated January 23, 1988 and certain statutory liens.

• The mortgage Lien and security interest of the Subordinated Mortgage is and shall constitute a junior and subordinate mortgage Lien and/or security interest on or in the Premises and other Collateral described therein.

• Cajun's obligation to reimburse CoBank for draws on the letters of credit is purportedly secured by a Supplemental Mortgage; a Subordinated Mortgage, Security Agreement and Financing Statements as amended and supplemented from time to time, an Act of Collateral Pledge dated January 23, 1988 and certain statutory liens.

• Contemporaneously with its receipt of such payment in full, Holder shall discharge the Subordinated Mortgage (as hereinafter defined) and release or terminate its interest in the Free Cash Flow, the Maker, and the Project.

• The Subordinated Mortgage shall be in the form attached hereto as Schedule"F".

More Definitions of Subordinated Mortgage

Subordinated Mortgage means the Deed of Trust, Assignment, Security Agreement and Fixture Filing from ASF to Jxxx X. Xxxxxxx, trustee, to secure the Subordinated Loan.

Subordinated Mortgage. The Open-End Mortgage, Security Agreement, Assignment of Rents, Income and Proceeds pursuant to which the Borrower grants to the holders of the New Subordinated Indebtedness a silent subordinated lien on the Canton Cast Roll Facility in the form delivered to the Co-Agents on the Third Amendment Effective Date and as thereafter amended or modified in a manner satisfactory to the Co-Agents."

Subordinated Mortgage means the second preferred fleet mortgage in favor of Subordinated Lender over each of the Pre-existing Vessels and as shall be amended or supplemented to cover any GPA 654 Vessels;

Subordinated Mortgage means the Mortgage granted by the Borrower to the collateral agent for the Initial Sub-debt Holders dated May17, 2013.

Subordinated Mortgage means the Subordinated Deed of Trust and Security Agreement, dated as of July 1, 1996, made by Old Dominion, as Grantor, and having Rxxxxxx X. Xxxxxxx and Mxxxxxx X. Xxxxx, as Subordinated Trustees, for the beneficiaries identified therein, in substantially the form of Exhibit S to the Participation Agreement.

Subordinated Mortgage means the Subordinated Deed to Secure Debt and Security Agreement (P1), dated as of December 30, 1996 from Oglethorpe, as grantor, to AMBAC and SunTrust Bank, Atlanta, as amended as of the date hereof.

Subordinated Mortgage means the Deed of Trust, Assignment, Security Agreement and Fixture Filing of even date herewith given by Borrower to Lender to secure the Subordinated Note and the Subordinated Obligations, as the same may from time to time be extended, amended, restated, supplemented or otherwise modified.