Examples of Supplemental Mortgages in a sentence
In addition, the Company shall have paid to the Title Companies all expenses and premiums of the Title Companies in connection with the issuance of such policies and in addition shall have paid to the Title Companies an amount equal to the recording and stamp taxes payable in connection with recording the Supplemental Mortgages in the appropriate jurisdictions.
Subject to the terms of the Collateral Trust Agreement, the Mortgage and any Supplemental Mortgages, the holders of a majority in principal amount of the then-Outstanding Bonds will have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee (including, for the avoidance of doubt, to cause the Trustee to give instructions to the Collateral Trustee to exercise any remedy available to the Collateral Trustee).
For Supplemental Mortgages, no new replacement items should be permitted to be drawn from the Replacement Reserve that were not already permitted under the most senior Mortgage unless Replacement Reserve collection will increase accordingly.
SBL Mortgages, MHC Mortgages, Seniors Housing Mortgages, Supplemental Mortgages and Student Housing Mortgages are not eligible for Green Retrofits.
The Company will execute and deliver such Supplemental Indentures or Supplemental Mortgages and such further instruments and do such further acts as may be necessary or proper to carry out more effectually the purposes of this Indenture and the Mortgage and to make subject to the Lien of the Mortgage any property (other than Excepted Property) hereafter acquired and intended or required to be so subject.
Monies paid by each Servicer into their respective Collection Account from time to time after the Closing Date, shall be held on trust by Mortgages Trustee for and on behalf of Funding pursuant to the Series 2 Supplemental Mortgages Trust Deed, being the beneficial owner(s) of the Series 2 Mortgage Portfolio (comprising the Series 2 Trust Property).
The occurrence of any of the following events shall constitute default by the BORROWER: failure to perform any term, covenant, promise, condition or agreement as set forth in the Contract of Loan, Mortgage Contract and Supplemental Mortgage(s); breach of any warranty or gross misrepresentation; violation of any policy, rules or regulations issued by NEA; Registration with the Cooperatives Development Authority (CDA), Securities and Exchange Commission (SEC) or any other agency other than NEA.
The Administrative Agent shall have received duly executed counterparts of the Supplemental Mortgages reflecting the extended Maturity Date in form and substance satisfactory to the Administrative Agent.
For Supplemental Mortgages, an exception for the First Lien and any prior Mortgage held by Freddie Mac or its successors and assigns is required.
Supplemental Mortgages and Other Loans (continued) Single-Family Housing ComponentThe Single-Family Housing Component of the Agency’s supplemental mortgage receivable was$24,753 and $24,133 as of December 31, 2009 and 2008, respectively.