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. See Section 1.5.
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Examples of Substitute Loan Documents in a sentence

  • 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.


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. 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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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 A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • 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 Credit Agreement.

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

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

  • DIP Loan Documents means, collectively, the DIP Credit Agreement and all other agreements, documents, and instruments delivered or entered into in connection therewith, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • 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 Asset, originals (except as otherwise indicated) of the following documents or instruments, all as specified on the related Loan Asset Checklist:

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

  • 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.