Term Mortgage definition

Term Mortgage means each mortgage, deed of trust, assignment of leases and rents or other security document that grants a Lien on any real property owned or leased by any Grantor to secure any Term Obligations.
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Term Mortgage means each mortgage, deed of trust and other document or instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any Term Obligations or under which rights or remedies with respect to such Liens are governed.
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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.
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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.

  • Landlord shall reasonably and promptly complete all items on the Corrections List.

  • 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.

  • 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, may lead to losses under the Covered Bonds.

  • 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.

  • 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.

  • 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.

  • Sellers shall cause HR to accept, or cause the acceptance of, prepayment of the Term Mortgage Loan and, as applicable, accept the prepayment, or complete the sale as contemplated herein, of the Emeritus Mortgage Loan irrespective of the failure of Purchaser to satisfy any applicable prepayment notice requirements, and to deliver a payoff letter to Purchaser at least three (3) Business Days prior to the Closing Date.

  • 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.

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 each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced 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.

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

  • 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.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

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

  • 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 Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.