Examples of Term Mortgage in a sentence
Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Stated Remaining Term Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- 300 - 359 months...............
Except for Permitted Liens and the Term Mortgage, Mortgagor shall preserve and protect the second lien and security interest status of this Mortgage against the Mortgaged Property.
Number of Aggregate Principal Percent of Prepayment Penalty Term Mortgage Loans Balance Outstanding Loan Group ----------------------- -------------- ------------------- ---------- None........................................
Exhibit G-2 to Agreement of Sale and Purchase Term Mortgage Loan Term Loan Note, dated May 1, 2003, executed by Emeritus Corporation in the principal amount of $600,000 and payable to HR Acquisition I Corporation, as amended, renewed, modified or extended.
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.
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.
The parties hereto agree and acknowledge that the Term Mortgage shall be deemed to be prior to this Mortgage, regardless of whether this Mortgage is recorded before the Term Mortgage.
During the Term, Mortgage Company shall ----------------------- administer and supervise all Subprime Business conducted at the Mortgage Company Offices to the extent consistent with applicable law and regulations.
We further advise you that we will receive and promptly deliver to the Collateral Trustee a written confirmation from the Rating Agencies that the terms and conditions of the New Charter will not result in the withdrawal or reduction of their respective ratings on the Term Mortgage Notes.
The Borrower has on or about the date hereof entered into loan documents with Bank evidencing a Term Mortgage Loan in the principal sum of EIGHT MILLION DOLLARS ($8,000,000.00) (the “Loan”), made by Bank to Borrower pursuant to a certain Term Loan Note of even date herewith (the “Note”), and more particularly described in that certain Term Loan Agreement of even date herewith between Borrower and Bank (the “Loan Agreement”).