Third Mortgage means individually each third priority ship mortgage, and collectively “Third Mortgages” shall mean all the third priority ship mortgages, dated [●], 2016 in favor of the Third Mortgagee covering the Vessels. (this “Assignment”) [Name of Shipowner] with an address at: [●] (the “Assignor”), the owner of the vessel listed on Schedule I attached hereto (the “Vessel”), in consideration of One Dollar ($1.00) lawful money of the United States of America and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, has sold, assigned, transferred and set over, and by this instrument does sell, assign, transfer and set over unto U.S. Bank National Association, not in its individual capacity but solely as Third Lien Noteholder Collateral Agent pursuant to the terms of the Third Lien Indenture (in such capacity, the “Collateral Agent”, as assignee (together with its successors and permitted assigns, in such capacity, the “Assignee”)), to its own proper use and benefit and does hereby grant to the Assignee a security interest in all the right, title, interest, claim and demand of the Assignor in and to (i) all freights, hire and other moneys earned and to be earned, due or to become due, or paid or payable to, or for the account of, the Assignor, of whatsoever nature, arising out of or as a result of the use or operation (whether by Drilling Contract, Internal Charter, Permitted Third Party Charter or otherwise) by the Assignor or its agents of the Vessel, including, without limitation, all rights arising out of the owner’s lien on cargoes and subfreights thereunder, (ii) all moneys and claims for moneys due and to become due to the Assignor, and all claims for damages, arising out of the breach of any and all present and future Drilling Contracts, Internal Charters, Permitted Third Party Charters, contracts and operations of every kind whatsoever of the Vessel and in and to any and all claims and causes of action for money, loss or damages that may accrue or belong to the Assignor, its successors or assigns, arising out of or in any way connected with the present or future use or operation of the Vessel or arising out of or in any way connected with any and all present and future requisitions, Drilling Contracts, Internal Charters, Permitted Third Party Charters, contracts and other operations of the Vessel, (iii) all moneys and claims due and to become due to the Assignor, and all claims for damages and all insurances and ...
Third Mortgage means individually each third priority ship mortgage, and collectively “Third Mortgages” shall mean all the third priority ship mortgages, dated [●], 2016 in favor of the Third Mortgagee covering the Vessels. ACCESSION AGREEMENT FOR THIRD LIEN ASSIGNMENT OF INSURANCES BY INTERNAL CHARTERERS, dated effective as of [●], 20[●] (this “Accession Agreement”), by [relevant assignor] (the “New Assignor”) and U.S. Bank National Association, as Third Lien Noteholder Collateral Agent (together with its successors and permitted assigns, in such capacity, the “Assignee”).
Third Mortgage means a subordinate Mortgage that is in third lien position, subordinate to a first lien position Mortgage and a Second Mortgage.
Examples of Third Mortgage in a sentence
Sources County Funds First Mortgage Financing Second Mortgage Financing Third Mortgage Financing Deferred Developer Fee Grants Equity – Partner’s Contribution Other: Other: Total Sources C.
With respect to the Fifth Third Mortgage Loans and the period from the applicable Bring-Down Date to and including the Closing Date, the Seller hereby makes the representations and warranties contained in Section 7.01 of the Fifth Third Purchase and Servicing Agreement with respect to each of the Fifth Third Mortgage Loans to and for the benefit of the Depositor, the Trustee and the Trust Fund.
Third Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 4.Fourth Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 5.
National City Mortgage Co., Fifth Third Mortgage Company, SunTrust Mortgage, Inc.
This Third Mortgage secures the obligations due under a Revenue Bond - Series 1996 No. R3 (Diversicare Leasing Corp.
More Definitions of Third Mortgage
Third Mortgage. Federal Home Loan Bank of Pittsburgh will be in third lien position.
Third Mortgage means a Mortgage that constitutes a third Lien on the real property and improvements described in or covered by that Mortgage.
Third Mortgage means the subordinate mortgage dated the Restatement Date made by RFI to the Bank in the principal sum of $500,000.00, in substantially the form of Exhibit F, to be recorded in the Suffolk County Clerk's Office, as such may be modified from time to time.
Third Mortgage shall be deemed to refer to the First Mortgage described in the Financing Agreement described in paragraph 1(b) above; (vi) all references therein to the "Bonds" shall be deemed to refer to the Senior Secured Notes described in the Financing Agreement described in paragraph 1(b) above, (vii) all other capitalized terms used in the Master Lease without definition shall have the meanings given such terms in the Financing Agreement described in paragraph 1(b) above; (viii) the paragraph on the cover thereof which begins with the words "The City" and ends with the words "the Agent" is hereby deleted; (ix) Sections 2.1(e) and (f) thereof are hereby deleted; (x) Section 2.4(g) thereof is hereby deleted; (xi) Section 4.2 thereof is hereby deleted; (xii) the reference in Section 5.3 thereof to the Consent and Agreement dated as of April 5, 1991 shall be deemed to refer to this Consent and Agreement; (xiii) Section 7.1(a) thereof is hereby amended in its entirety to read as follows:
Third Mortgage. The Third Mortgage and Security Agreement and Assignment of Leases and Rents, dated as of June 10, 1991 from the Developer to ADCC and recorded in the Official Records of Hillsborough County, Orange County and Pinellas County, Florida, which secures all payment obligations of the Developer under the Standby Loan Agreement.
Third Mortgage means, with respect to each Individual Property, the Amended and Restated Third Mortgage, Consolidation, Extension, Spreader and Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents, dated as of the Closing Date, securing the Affiliate Guaranty (Portfolio Borrowers) and encumbering such Individual Property, from the applicable Borrower in favor of Administrative Agent for the benefit of Lender, as the same may be amended, restated, supplemented and/or modified from time to time. “Third Mortgages” means, two (2) or more Third Mortgages or, as the context may require, all of the Third Mortgages in respect of the Property.