Substitute Loan Documents definition

Substitute Loan Documents means, with respect to a Mortgaged Property, an executed and acknowledged mortgage, deed of trust or similar security instrument (or a spreader agreement which spreads the Lien of the Security Instrument encumbering such Mortgaged Property to the applicable Acquired Parcel or Acquired Expansion Parcel) (the “Substitute Security Instrument”), and UCC-1 fixture filing with respect to the applicable Acquired Parcel or Acquired Expansion Parcel, together with a letter from the Borrower countersigned by a title insurance company acknowledging receipt of such Substitute Security Instrument and UCC-1 fixture filing and agreeing to record or file, as applicable, such Substitute Security Instrument, and, with regard to the UCC-1 financing statements, if recordation or a system of filing is accepted or established in the applicable jurisdiction, the UCC-1 financing statements in the real estate records for the county in which the applicable Acquired Parcel or Acquired Expansion Parcel is located so as to effectively create upon such recording or filing valid and enforceable first-priority Liens upon the applicable Acquired Parcel or Acquired Expansion Parcel, in favor of the Administrative Agent, for its benefit and the benefit of the other Secured Partues, subject only to the Permitted Liens. The Substitute Security Instrument and such UCC-1 fixture filing shall be the same in form and substance as the counterparts of such documents executed and delivered on the Agreement Date with respect to such Mortgaged Property (including the related Exchange Parcel) subject to modifications reflecting the applicable Acquired Parcel or Acquired Expansion Parcel, as a portion of the Property that is the subject of such documents. The Substitute Security Instrument encumbering such Mortgaged Property (including the applicable Acquired Parcel or Acquired Expansion Parcel) shall constitute one of the Loan Documents and secure all Obligations and Specified Derivatives Obligations.
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Substitute Loan Documents. 2.4.2 “Substitute Property” - 2.4.2 “Substitution” - 2.4.2 “Substitution Date” - 2.4.2 “Substitution Repairs” -3.2
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Substitute Loan Documents. Substitute Property," "Ten Year Treasury Rate," "Treasury Rate," "Unpaid Excess Loan Amount," "Underwriting NOI Criteria," "Unpaid Excess Loan Amount," "Warrant," "Security Agreement."
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Examples of Substitute Loan Documents in a sentence

  • The liens created by the Substitute Loan Documents shall be first liens and security interests on the Substitute Property and the personal property related thereto, subject only to such exceptions as Lender shall approve in its sole discretion.

  • The liens created by the Substitute Loan Documents shall be first liens and security interests on the Substitute Property and the personal property related thereto, subject only to such exceptions as Lender shall approve in its reasonable discretion.

  • In the event of a substitution, the Note shall remain in full force and effect, and new Loan Documents encumbering the Substitute Properties (the "Substitute Loan Documents") shall be executed and delivered by Borrower to Lender to encumber the Substitute Properties.

  • The liens created by the Substitute Loan Documents shall be first liens and security interests on the Substitute Property and the personal property related [MORTGAGE, SECURITY AGREEMENT, FINANCING STATEMENT AND FIXTURE FILING] ING No. 27449 thereto, subject only to such exceptions as Mortgagee shall approve in its sole discretion.


More Definitions of Substitute Loan Documents

Substitute Loan Documents means an executed and acknowledged security instrument (the “Substitute Security Instrument”), UCC-1 fixture filing with respect to the applicable Substitute Property, together with and a ratification, confirmation and reaffirmation by Guarantor of all of the terms, conditions and obligations set forth in the Guaranty.
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Substitute Loan Documents means an executed and acknowledged deed of trust (or, if customary in the State, a spreader agreement which spreads the Lien of the Mortgage to the Acquired Parcel or the Acquired Anchor Parcel, as applicable) (the “Substitute Mortgage”), an assignment of leases and rents (or a spreader agreement which spreads the Lien of the Assignment of Leases to the Acquired Parcel or the Acquired Anchor Parcel, as applicable) (the “Substitute ALR”) and UCC-1 fixture filing with respect to the Acquired Parcel or the Acquired Anchor Parcel, as applicable, together with a letter from the applicable Borrower countersigned by a title insurance company acknowledging receipt of such Substitute Mortgage, Substitute ALR and UCC-1 fixture filing and agreeing to record or file, as applicable, such Substitute Mortgage, Substitute ALR and, with regard to the UCC-1 fixture filing, if recordation or a system of filing is accepted or established in the applicable jurisdiction, the UCC-1 fixture filing in the real estate records for the county in which the Acquired Parcel or the Acquired Anchor Parcel, as applicable is located so as to effectively create upon such recording and filing valid and enforceable Liens upon the Acquired Parcel or the Acquired Anchor Parcel, as applicable, of the requisite priority, in favor of Lender (or such other trustee as may be desired under local law), subject only to the Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents. The Substitute Mortgage, Substitute ALR and UCC-1 fixture filing shall be the same in form and substance as the counterparts of such documents executed and delivered on the Closing Date of the Initial Advance subject to modifications reflecting the Acquired Parcel or the Acquired Anchor Parcel, as applicable as the applicable Individual Property that is the subject of such documents.
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Substitute Loan Documents. See Section 1.5.
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Substitute Loan Documents shall have the meaning set forth in Section 2.8.
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Related to Substitute Loan Documents

  • Original Loan Documents means the "Loan Documents" as defined in the Original Credit Agreement.

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Substitute Loan As defined in Section 2.2.

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Agreement.

  • Substitute Letter of Credit has the meaning set forth in Section 10.5(c).

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Cooperative Loan Documents As to any Cooperative Loan, (i) the Cooperative Shares, together with a stock power in blank; (ii) the original executed Security Agreement and the assignment of the Security Agreement endorsed in blank; (iii) the original executed Proprietary Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the original executed Recognition Agreement and the assignment of the Recognition Agreement (or a blanket assignment of all Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing statement with evidence of recording thereon, which has been filed in all places required to perfect the security interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed UCC-3 financing statements (or copies thereof) or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation).

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

  • Required Loan Documents means, for each Loan:

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • 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;

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Severed Loan Documents shall have the meaning set forth in Section 8.2(c) hereof.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • 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;

  • Refinancing Documents means each of the agreements, documents and instruments entered into in connection with the Refinancing.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.