Subordinated Mortgages definition

Subordinated Mortgages means each mortgage, deed of trust, and other document or instrument under which any Lien on real property owned or leased by any Obligor is granted to secure any Subordinated Obligations or under which rights or remedies with respect to any such Liens are governed.
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Subordinated Mortgages means each Subordinated Mortgage, Deed of Trust, Assignment, Security Agreement, Financing Statement and Fixture Filing delivered by a Guarantor in favor of the Borrower to secure any Indebtedness of such Guarantor owing to the Borrower outstanding from time to time including, without limitation, any such Indebtedness evidenced by a Pledged Note.
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Subordinated Mortgages means, collectively, the Subordinated Parts Mortgage, the Subordinated Engine Mortgage and the Subordinated Aircraft Mortgage, and “Subordinated Mortgage” means any of them as the context may require. ** Confidential Treatment Requested.
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Examples of Subordinated Mortgages in a sentence

  • The rights and priorities set forth in this Paragraph 2(a) shall be effective notwithstanding the order of creation, attachment, vesting or perfection of the rights of McDonald's under the Senior Mortgages, or of the Subordinated Creditor under the Subordinated Mortgages, the Subordinated Creditor Indenture or any other documents executed in connection therewith (including, without limitation, any UCC-1 financing statements or fixture filings).

  • Each of MW, the Parent, and the Supplier consents to the 2007 Senior Mortgages and the 2007 Subordinated Mortgages and to the exercise by the Senior Administrative Agent, the Subordinated Administrative Agent, the 2007 Senior Lenders and the 2007 Subordinated Lenders of any and all of their rights under such 2007 Senior Mortgages and 2007 Subordinated Mortgages, respectively.

  • Each of MW and the Parent consents to the 2007 Senior Mortgages and the 2007 Subordinated Mortgages and to the exercise by the Senior Administrative Agent, the Subordinated Administrative Agent, the 2007 Senior Lenders and the 2007 Subordinated Lenders of any and all of their rights under such 2007 Senior Mortgages and 2007 Subordinated Mortgages, respectively.

  • Without limiting the foregoing provisions of this Paragraph 2(c), from and after the execution and delivery of the Subordinated Mortgages to the Subordinated Creditor, the Subordinated Creditor shall not be entitled to receive or retain any Rents or other amounts assigned to the Subordinated Creditor under any such document or instrument until such time as the Senior Obligations shall have been completely paid in full.

  • Subordinated Mortgages shall be permitted to be registered on the Project in accordance with this Commitment and otherwise subject to approval from the Lender at its sole discretion.

  • Promptly upon the recording of the Senior Mortgages and the Subordinated Mortgages pursuant to the Act, the Borrower will cause FAA Counsel to deliver to the Administrative Agent, the Collateral Agent and the Borrower a favorable opinion addressed to each of them as to such recordation and the lack of filing of any intervening documents creating a Lien with respect to any of the Engines and/or Pledged Spare Parts, as the case may be.

  • This Agreement, the Subordinated Mortgages and the other Transaction Documents constitute the entire understanding among the parties hereto with respect to the subject matter hereof and supersede any prior agreements, written or oral, with respect thereto.

  • A priorities agreement with the mortgagees under any Subordinated Mortgages of the Project pursuant to which they agree to subordinate and postpone all of their claims to those in favour of the Lender whether ;pursuant to this Commitment or otherwise, in form satisfactory to the Lender in it’s sole discretion.

  • The rights and priorities set forth in this Paragraph 2(a) shall be effective notwithstanding the order of creation, attachment, vesting or perfection of the rights of McDonald's under the Senior Mortgages, or of the Subordinated Creditor under the Subordinated Mortgages or the Subordinated Creditor Indenture or any other documents executed in connection therewith (including, without limitation, any UCC-1 financing statements or fixture filings).

  • Each Beneficiary agrees to comply with its obligations under the Subordinated Mortgages.


More Definitions of Subordinated Mortgages

Subordinated Mortgages means three separate subordinated Real Estate Mortgages, Assignments of Lease and Security Agreements from the Lessee and the IDB to subordinated creditors of the Lessee.
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Subordinated Mortgages means, collectively, (a) the Subordinate Mortgage—Collateral Real Estate Mortgage, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents and Security Deposits, dated as of October 1, 2007 by the Borrower as mortgagor to the Bond Trustee as mortgagee, as recorded on October 15, 2007 as instrument no. 394, in book 628, page 985 et seq., in the office of the Register of Deeds of Xxxxx County, South Dakota and (b) the Subordinate Mortgage—One Hundred Eighty Day Redemption, Collateral Real Estate Mortgage, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents and Security Deposits, dated as of October 1, 2007 by the Borrower as mortgagor to the Bond Trustee as mortgagee, as recorded on October 15, 2007 as instrument number 70825, in Disk M1g # 736d in the office of the Register of Deeds of Xxxxxx County, South Dakota.
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Subordinated Mortgages means, collectively, (a) the Subordinate Mortgage—Collateral Real Estate Mortgage, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents and Security Deposits, dated as of October 1, 2007 by the Borrower as mortgagor to the Bond Trustee as mortgagee, as recorded on October 15, 2007 as instrument no. 394, in book 628, page 985 et seq., in the office of the Register of Deeds of Xxxxx County, South Dakota and (b) the Subordinate Mortgage—One Hundred Eighty Day Redemption, Collateral Real Estate Mortgage, Security Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents and Security Deposits, dated as of October 1, 2007 by the Borrower as mortgagor to the Bond Trustee as mortgagee, as recorded on October 15, 2007 as instrument number 70825, in Disk M1g # 736d in the office of the Register of Deeds of Xxxxxx County, South Dakota. “Subordinated Pledge Agreement” means the Subordinate Pledge and Security Agreement, dated as of October 1, 2007, among the Borrower as company, Dakota Fuels and ABE Heartland as pledgors and the Bond Trustee. “Subordinated Security Documents” means (i) the Bond Indenture, (ii) the Subordinated Mortgages, (iii) the Subordinated Security Agreement, (iv) the Subordinated Pledge Agreement, (v) the ABE Equity Pledge Agreement, and any documents granting, or relating to the grant, of security for the payment of amounts due under the Subordinated Loan Agreement and the Subordinated Bonds. “Subordinated Security Agreement” means the Subordinate Assignment and Security Agreement, dated as of October 1, 2007, by the Borrower in favor of the Bond Trustee. “Swap Termination Value” has the meaning given in the Original Senior Credit Agreement. “Tax Exemption Agreement and Certificate” means the Tax Exemption Agreement and Certificate relating to the Subordinated Bonds, dated as of October 1, 2007, among the Borrower, the Bond Trustee, the Issuer and the Accounts Bank. “Terminated Subordinated Debt Documents” means (i) the Bond Indenture, (ii) the Subordinated Loan Agreement, (iii) each of the Subordinated Bonds, (iv) each of the Subordinated Security Documents, (v) the Bond Purchase Agreement, (vi) the Environmental and ADA Indemnification Agreement, dated as of October 1, 2007, by the 9
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Subordinated Mortgages means, collectively, the Subordinated Parts Mortgage, the Subordinated Engine Mortgage and the Subordinated Aircraft Mortgage, and “Subordinated Mortgage” means any of them as the context may require.
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Related to Subordinated Mortgages

  • Permitted Mortgage means (a) any purchase money mortgage on such Principal Property prior to, simultaneously with or within 180 days after the later of (1) the acquisition or completion of construction or completion of substantial reconstruction, renovation, remodeling, expansion or improvement (each, a “substantial improvement”) of such Principal Property or (2) the placing in operation of such property after the acquisition or completion of any such construction or substantial improvement; (b) Mortgages on a Principal Property existing at the time of acquisition, including acquisition through merger or consolidation; (c) Mortgages existing on the date of the initial issuance of the Notes, Mortgages on assets of a corporation or other business entity existing on the date it becomes a Restricted Subsidiary or is merged or consolidated with the Company or a Restricted Subsidiary or at the time the corporation or other business entity sells, leases or otherwise disposes of its property as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary or Mortgages on the assets of a Subsidiary that is newly designated as a Restricted Subsidiary if the Mortgage would have been permitted under the provisions of this paragraph if such Mortgage was created while the Subsidiary was a Restricted Subsidiary; (d) Mortgages in favor of the Company or a Restricted Subsidiary; (e) Mortgages for taxes, assessments or governmental charges or levies that are not delinquent or that are being contested in good faith; (f) carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanic’s, landlords’ and other similar Mortgages arising in ordinary course of business that are not delinquent or remain payable without penalty or that are being contested in good faith; (g) Mortgages (other than any Mortgage imposed by the Employee Retirement Income Security Act of 1974) consisting of pledges or deposits required in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation; (h) easements, rights-of-way, restrictions, encroachments, imperfections and other similar encumbrances affecting real property that, in the aggregate, are not substantial in amount and do not in any case materially detract from the value of the Principal Property subject thereto or materially interfere with the ordinary conduct of the Company and its Subsidiaries’ business, taken as a whole; (i) Mortgages arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental regulation, including any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any real property; (j) Mortgages arising from filing Uniform Commercial Code financing statements relating solely to leases; and (k) Mortgages to secure Indebtedness incurred to extend, renew, refinance or replace Indebtedness secured by any Mortgages referred to above, provided that the principal amount of the extended, renewed, refinanced or replaced Indebtedness does not exceed the principal amount of Indebtedness so extended, renewed, refinanced or replaced, plus transaction costs and fees, and that any such Mortgage applies only to the same property or assets subject to the prior permitted Mortgage (and, in the case of real property, improvements).

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Subordinated Loan Agreement means the subordinated loan agreement dated on or about the Closing Date, as amended from time to time, and entered into by, amongst others, the Issuer, the Subordinated Lender and the Security Trustee, under which the Subordinated Lender will advance (or has advanced) the Subordinated Loan to the Issuer.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Subordinate Note means each B Note.

  • Deleted Mortgage Loan A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

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

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Convertible Mortgage Loan Any individual Adjustable Rate Mortgage Loan purchased pursuant to this Agreement which contains a provision whereby the Mortgagor is permitted to convert the Adjustable Rate Mortgage Loan to a Fixed Rate Mortgage Loan in accordance with the terms of the related Mortgage Note.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Subordinate Debt means indebtedness secured hereby or by any Supplemental Indenture which is by its terms expressly subordinate and inferior hereto both in lien and right of payment.

  • Subordinated Indebtedness means any Indebtedness of the Borrower or any Subsidiary the payment of which is subordinated to payment of the obligations under the Loan Documents.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Subordinate Notes means the B Notes and the C Notes, individually or collectively, as the context may require.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.