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 the third preferred Xxxxxxxx Islands or Liberian ship mortgages on the Vessels, to be executed by the respective Guarantors as listed on Schedule 3 in favor of the Facility B Security Agent (as trustee for the Facility B Lenders) pursuant to the Facility B Loan Agreement;
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Examples of Third Mortgages in a sentence

  • 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).

  • Administrative Agent, in its management and administration of the Loan, or in connection with the exercise of any 134 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG rights and remedies under the Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), and the Third Mortgages, at law, in equity or otherwise agrees to use the same diligence and care as customarily used by Administrative Agent with respect to loans held by Administrative Agent entirely for its own account.

  • Nothing herein or in the other Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), or the Third Mortgages is intended to create a joint venture, partnership, tenancy-in-common, or joint 122 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG tenancy relationship between Borrowers, Administrative Agent and Lender nor to grant Administrative Agent and/or Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • In the event of any conflict between the provisions of this Agreement and the provisions of any of the other Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), or the Third Mortgages, the provisions of this Agreement shall prevail.

  • 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.

  • Borrowers hereby authorizes the filing of any financing statements (including any UCC-1 Financing Statement) or continuation statements, and amendments to financing statements, in any jurisdictions and with any recording and/or filing offices as Administrative Agent may determine are necessary or advisable to perfect the security interests granted to Administrative Agent and/or Lender in connection with the Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), and the Third Mortgages.

  • Each individual who executes each of the Loan Documents, the Affiliate Guaranty (Portfolio Borrowers), and the Third Mortgages on behalf of each Borrower Control Person has been duly authorized by all necessary corporate, partnership, limited liability company or other action on the part of such Borrower Control Person.

  • Evidence that the Second Mortgages and the Third Mortgages over the Vessel, “NORWEGIAN JEWEL” 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.

  • Borrowers shall warrant and defend the validity of the Liens of the First Mortgages, the Second Mortgages and the Third Mortgages, subject only to the Permitted Encumbrances, against the claims of every Person whomsoever.

  • All of the Loan Documents to which any Borrower or any Guarantor is a party, the Affiliate Guaranty (Portfolio Borrowers), the Third Mortgages and the Pledge and Security Agreement, whether or not referred to in this Section 3, unless otherwise specified, shall be delivered to Lender, and shall be in form and substance satisfactory to Lender.


More Definitions of Third Mortgages

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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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 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.

  • 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.

  • 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 shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Drilling Netherlands BV NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Drilling (Malaysia) I SDN, a private company limited by shares duly incorporated with limited liability under the laws of Malaysia (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessels AQUAMARINE DRILLER and TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • 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.

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • 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 each certain Assignment of Leases and Rents dated of even date herewith, by the Borrower in favor of the Agent on behalf of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time.

  • 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.

  • 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.