Third Mortgages definition

Third Mortgages means the two (2) third priority statutory Bahamian ship mortgages and deeds of covenants collateral thereto and the one (1) third preferred US ship mortgage one (1) to be granted by respectively each of the owners of the Hermes Vessels over its Hermes Vessel in favour of the Restructuring Trustee as trustee for the Non-Guaranteed Loan Lenders;
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Third Mortgages means the two (2) third priority statutory Bahamian ship mortgages and deeds of covenants collateral thereto and the one (1) third preferred US ship mortgage one (1) to be granted by respectively each of the owners of the Hermes Vessels over its Hermes Vessel in favour of the Restructuring Trustee as trustee for the Non-Guaranteed Loan Lenders as security pursuant hereto and to the Master Agreements such mortgages and deeds of covenants to be in the forms and on the terms and conditions agreed between the Lenders and the Borrower on the date of the Third Supplemental Deed;
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Third Mortgages means, two (2) or more Third Mortgages or, as the context may require, all of the Third Mortgages in respect of the Properties.
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Examples of Third Mortgages in a sentence

  • In particular, in 6 out of 8 games the fraction of best response rates is higher when using subjects’ rankings rather than their own payoffs, with the difference between the two ranging from one to eleven percentage points (see the All players column of Table A5 in Appendix A).

  • The Affiliate Guaranty (Portfolio Borrowers) shall be secured by, among other things, the Third Mortgages, each creating a third Lien on the applicable Individual Property, and the other Collateral.

  • Borrowers hereby expressly waive the right to receive any notice from Administrative Agent or Lender with respect to any matter for which this Agreement, the other Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), or the Third Mortgages does not specifically and expressly provide for the giving of notice by Administrative Agent or Lender to Borrowers.

  • No Default or Event of Default exists under or with respect to any Loan Document, the Affiliate Guaranty (Portfolio Borrowers), the Third Mortgages or the Pledge and Security Agreement.

  • No act of Administrative Agent and/or Lender shall be construed as an election to proceed under any particular provision of any Loan Document, the Affiliate Guaranty (Portfolio Borrowers) or the Third Mortgages to the exclusion of any other provision in the same or any other Loan Document, the Affiliate Guaranty (Portfolio Borrowers) or the Third Mortgages, or as an election of remedies to the exclusion of any other remedy that may then or thereafter be available to Administrative Agent and/or Lender.

  • The Affiliate Guaranty (Portfolio Borrowers) shall be secured by, among other things, the Third Mortgages, each creating a third Lien on the applicable Property, and the other Collateral and the Pledge and Security Agreement (Portfolio Borrowers).

  • The existence of any “Event of Default” under the Affiliate Guaranty (Portfolio Borrowers) or any of the Third Mortgages (as such term is defined therein).

  • Evidence that the Second Mortgages and the Third Mortgages over the Vessel, “NORWEGIAN JADE” and “PRIDE OF AMERICA” have been discharged and that the Fourth Mortgage over the Vessel ranks as a second priority mortgage, together with evidence that the lenders of the €624,000,000 facility made to the Guarantor pursuant to the facility agreement dated 7 October 2005 (as amended and/or restated) have been repaid in full.

  • Conversely, Borrowers shall, at Administrative Agent’s request and Borrowers’ expense, take such action as may be necessary to subordinate the Lien of the First Mortgages, the Second Mortgages and the Third Mortgages to any present or future Lease designated by Administrative Agent.

  • Administrative Agent’s and Lender’s rights, powers and remedies may be pursued singly, concurrently, successively, jointly or otherwise, against Borrowers, the Property, any Chattels, any Intangible Personalty and any other Collateral, or against Guarantor or any obligor under, or guarantor of, the Notes, the other Loan Documents, the Affiliate Guaranty (Portfolio Borrowers) or the Third Mortgages, at such time and in such order as Administrative Agent may determine.


More Definitions of Third Mortgages

Third Mortgages means the third preferred Liberian and/or Xxxxxxxx Islands ship mortgages on the Third Vessels, to be executed by the relevant Subordinated Guarantor in favor of the Security Agent (as trustee for the Lenders) substantially in the form of Exhibit F;
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Third Mortgages means, pursuant to the Co-ordination Deeds, the third priority statutory mortgages over the Vessels together with the collateral deeds of covenants in favour of the Third Mortgagee granted or to be granted by the Owners in respect of the obligations of NCLB as indemnifier under the FMC Guarantee Facility Agreement.
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Related to Third Mortgages

  • 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.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

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

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

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

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

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Borrower or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • 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.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • 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.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

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

  • Mortgage Amendments as defined in Section 6.11(a).

  • Deed of Trust means this Deed of Trust, Assignment, Security Agreement and Fixture Filing, as the same may from time to time be extended, amended, restated, supplemented or otherwise modified.

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • 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.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Deeds of Trust means, collectively, (i) the Deeds of Trust, Assignments, Security Agreements and Financing Statements, (ii) the Mortgages, Assignments, Security Agreements and Financing Statements, and (iii) the Deeds to Secure Debt, Assignments, Security Agreements and Financing Statements from the Borrowers, constituting Liens on the Mortgaged Sites as Collateral for the Loan as the same have been, or may be, assigned, modified or amended from time to time.

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

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

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.