Term Mortgage definition

Term Mortgage means that certain Mortgage, Leasehold Mortgage, Security Agreement, Assignment of Rents and Leases, Financing Statement, Fixture Filing and As-Extracted Collateral Filing, from Mortgagor in favor of Mortgagee, of even date herewith, encumbering the Mortgaged Property and recorded in the Clerk’s Office of ________________ County, Kentucky.

Examples of Term Mortgage in a sentence

  • A Long Term Mortgage Loan may be a loan part (leningdeel) of a Mortgage Loan of which the other loan part(s) do provide for a maturity date.

  • The conditions applicable to the Long Term Mortgage Loans do not provide for a maturity date.

  • Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Stated Remaining Term Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- 300 - 359 months...............

  • Uncertainty as to whether or when the Borrower is obliged to repay the principal sum of a Long Term Mortgage Loan results in the Issuer having to make estimates on the proceeds to be received under the related Mortgage Receivables, which may turn out to be incorrect and may lead to losses under the Covered Bonds.

  • It is uncertain whether or when any of the other events will occur and, consequently, it is possible that such Long- Term Mortgage Loans will only become due and repayable upon death of a Borrower, which may be after the Extended Due for Payment Date.

  • It is uncertain whether or when any of the other events will occur and, consequently, it is possible that Long Term Mortgage Loans will only become due and repayable after the Extended Due for Payment Date.

  • The Borrower is only obliged to repay the principal sum of the Long Term Mortgage Loan (or the relevant loan-part) in certain events provided for in the applicable general terms and conditions.

  • The Borrower is only obliged to repay the principal sum of the Long Term Mortgage Loan (or the relevant loan part) in certain events provided for in the applicable general terms and conditions.

  • Xxxxxxx Title: Vice President Date: March 7, 2007 The undersigned hereby executes this Agreement solely for the purpose of acknowledging its waiver of any notice of prepayment requirements set forth in the Emeritus Mortgage Loan and the Term Mortgage Loan.

  • However, in the event of any final determination of a violation of this policy, the appropriate vice president organizationally over the respondent will provide information about the final determination to appropriate university officials and to the reporter and respondent.

Related to Term Mortgage

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

  • 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.

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

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

  • 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.

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

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

  • Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01(e), as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

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

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

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

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

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

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

  • Facility Mortgage As defined in Section 13.1.

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

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

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

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

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

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a principal balance at origination that may or may not conform to Freddie Mac and Fannie Mae loxx xxxxts.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.