Subsidiary Mortgage definition

Subsidiary Mortgage means any mortgage indenture of any Regulated Utility Subsidiary of the Company securing only the assets of such Regulated Utility Subsidiary, provided that, the Company will own, at all times, directly or indirectly, 100% of the Capital Stock having voting rights of such Regulated Utility Subsidiary.”
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Subsidiary Mortgage means each mortgage or deed of trust between a Subsidiary Guarantor, as mortgagor or trustor, and the Administrative Agent, as mortgagee or beneficiary, and referred to in Part B of Schedule 1.01(A), in each case as amended from time to time.
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Subsidiary Mortgage. (a) each Existing Subsidiary Mortgage and (b) each Mortgage executed and delivered by a Subsidiary, substantially in the form of EXHIBIT H or in such other form as the Agent shall reasonably require, with respect to each parcel of After-Acquired Mortgage Property for which a mortgage is granted to the Agent pursuant to subsection 8.10, as the same may be amended, supplemented or otherwise modified from time to time.
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Examples of Subsidiary Mortgage in a sentence

  • Any such Person (other than a Foreign Subsidiary) shall grant Liens on all of its other Collateral consistent with the Subsidiary Security Agreement and Subsidiary Mortgage.

  • Notwithstanding the foregoing, in any such merger or consolidation either a Subsidiary of the Company which has issued a Subsidiary Guaranty shall be the surviving corporation or the surviving corporation shall enter into a new Subsidiary Guaranty, a Subsidiary Security Agreement, a Subsidiary Mortgage and, if applicable, a Subsidiary Pledge Agreement and a Subsidiary Trademark Security Agreement.

  • The Borrower will not permit any Subsidiary to create, incur or suffer to exist any Indebtedness other than (a) the Subsidiary Mortgage Loan Indebtedness, (b) the NORCAL Demutualization Indebtedness, and (c) Subsidiary Indebtedness, provided that the aggregate amount of such Subsidiary Indebtedness, excluding the NORCAL Demutualization Indebtedness, does not exceed $30,000,000 at any time outstanding.

  • Each appropriate Subsidiary shall have duly executed and delivered to the Agent each Subsidiary Mortgage.

  • Subsidiary Mortgage and Stratevest Group unit performance awards will be based on subsidiary (1) Net Income and (2) Profit Margin as measured against performance targets.

  • Borrower has caused each Subsidiary Note and Subsidiary Mortgage existing as of the Closing Date to be transferred in full by the applicable Guarantor Subsidiary to Borrower, and Borrower immediately thereafter transferred all such existing Subsidiary Notes and Subsidiary Mortgages to the REIT Subsidiary.

  • The duly authorized Gulf Island Subsidiary Mortgage executed by Gulf Island Mortgage Subsidiary and any other public filings requested by Agent to evidence the Gulf Island Subsidiary Mortgage.

  • Borrower shall cause each Subsidiary Note and Subsidiary Mortgage created after the Closing Date to be transferred in full by the applicable Guarantor Subsidiary to Borrower, and Borrower shall immediately thereafter transfer such new Subsidiary Notes and Subsidiary Mortgages to the REIT Subsidiary.


More Definitions of Subsidiary Mortgage

Subsidiary Mortgage a Mortgage, in such form as shall be reasonably acceptable to the Administrative Agent and the relevant Domestic Subsidiary, with respect to each parcel of real property owned by a Domestic Subsidiary upon which a Mortgage is granted in accordance with subsection 8.10, as the same may be amended, supplemented or otherwise modified from time to time.
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Subsidiary Mortgage each Mortgage to be executed and delivered by a Subsidiary, substantially in the form of Exhibit A to the Existing Credit Agreement, with such changes as the Administrative Agent shall deem necessary or desirable in order (i) to provide that such Subsidiary is the Mortgagor, (ii) to comply with and/or provide for specific laws of the jurisdictions in which the property to be encumbered is located, and (iii) to assure that the Administrative Agent, for the benefit of the Lenders, has a perfected Lien on the property to be encumbered thereby securing such Subsidiary's Obligations (as such term is defined in the Guarantee and Collateral Agreement), or in such other form as the Administrative Agent shall reasonably require, with respect to each parcel of After-Acquired Mortgage Property for which a mortgage is granted to the Administrative Agent pursuant to subsection 6.10, in each case as the same may be amended, supplemented or otherwise modified from time to time.
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Subsidiary Mortgage with respect to any parcel of Material Real Property of the Borrower located in the State of California, Alaska, Nevada or Washington, a Mortgage (otherwise satisfying the requirements of the definition thereof, except that such Mortgage shall be executed and delivered by the Borrower in favor of a Subsidiary Guarantor and shall secure the applicable California Mortgage Note or Notes instead of the Senior Secured Obligations) on such parcel of Material Real Property.
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Subsidiary Mortgage means any mortgage executed and delivered by a Subsidiary Guarantor pursuant to Section 5.1.8 or 7.1.8 as the case may be, in each case substantially in the form of Exhibit M-2 hereto, as amended, supplemented, amended and restated or otherwise modified from time to time.
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Subsidiary Mortgage means any or all of the mortgages, deeds of trust or other security instruments now or hereafter granting Liens on any real property of Canadian Blue Bird in favor of Borrower, in form and substance satisfactory to Collateral Agent, as any such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time to the extent permitted herein.
Sample 1
Subsidiary Mortgage means a mortgage, creating a Lien securing payment of a Subsidiary Note, in the form previously accepted by the Majority Banks under the Second Amended Loan Agreement.
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Related to Subsidiary Mortgage

  • Facility Mortgage As defined in Section 13.1.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the terms of Section 4.1(e)(i), 5.10 or 5.12, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • Subsidiary Security Agreement means the Subsidiary Security Agreement executed and delivered by existing Subsidiary Guarantors and Administrative Agent on the Closing Date and to be executed and delivered by any additional Subsidiary Guarantors from time to time thereafter in accordance with subsection 6.8, substantially in the form of Exhibit XVII annexed hereto, as such Subsidiary Security Agreement may be amended, supplemented or otherwise modified from time to time.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

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

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Purchase Money Mortgage means a mortgage secured by a first lien or junior lien taken or retained by the seller of real property to secure all or part of the purchase price of the property.

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

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

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