Mortgage Indebtedness means Property-level non-recourse Indebtedness, where the borrower under such Indebtedness is a special purpose bankruptcy-remote entity, and customary recourse guaranties provided in connection therewith.

Mortgage Indebtedness shall have the meaning set forth in Section 2.2(d).

Mortgage Indebtedness means (x) with respect to any Property located in the United States, Property-level Non-Recourse Indebtedness, where the borrower under such Indebtedness is a special purpose bankruptcy-remote entity, and (y) with respect to any Property located other than in the United States, Indebtedness described in (x) or Non-Recourse Indebtedness secured by a mortgage (or local equivalent) on such Property, where the borrower under such Indebtedness and the owner of such Property are each foreign (non-Domestic) Subsidiaries of the Borrower.

Examples of Mortgage Indebtedness in a sentence

Without limiting the foregoing, the Subordinate Mortgagee agrees that all rights of the Subordinate Mortgagee to the Subordinate Mortgage Indebtedness and under the Subordinate Mortgage Loan Documents shall be expressly subject and subordinate: (x) to the rights of the First Mortgagee to the First Mortgage Indebtedness and under the First Mortgage Loan Documents; and (y) to any and all Protective Advances made and other expenses incurred under the First Mortgage Loan Documents.
This Agreement shall terminate upon the payment in full of the First Mortgage Indebtedness and the satisfaction of all obligations under the First Mortgage Loan Documents.
On February 14, 1985, the Freis conveyed the Ballard Property to the FmHA by way of a Deed in Satisfaction of Mortgage Indebtedness.
The Deed in Satisfaction of Mortgage Indebtedness indicates that the Freis, at that time, had a mortgage in favor of the FmHA and the mortgage was “in default and subject to foreclosure.” Verified Complaint to Quiet Title, Ex. 3 (Docket No. 1-4).
Wenli Li, Moving Up: Trends in Homeownership and Mortgage Indebtedness, BUSINESS REVIEW, Federal Reserve Bank of Philadelphia, at 3 (Second Quarter 2005), available at www.phil.frb.org/files/br/brq105wl.pdf (analyzing home ownership and financing trends using consumer and banking data).

More Definitions of Mortgage Indebtedness

Mortgage Indebtedness means any indebtedness of Seller which is secured by a mortgage or deed of trust on the Property.

Mortgage Indebtedness means, collectively, (a) the Indebtedness identified on Schedule 5.07(b) (including any mezzanine loans comprising a part thereof) and any Permitted Refinancing thereof and (b) all other Indebtedness of Property-Level Subsidiaries that is secured by the assets of any Property-Level Subsidiaries, in each case of clauses (a) and (b), that is without recourse to any Loan Party (other than pursuant to one or more Mortgage Recourse Carve-outs).

Mortgage Indebtedness means Indebtedness incurred by any Subsidiary of the Borrower to finance or refinance the purchase or improvement of certain real property of such Subsidiary.

Mortgage Indebtedness means the indebtedness evidenced or secured by the Mortgage Loan Documents.

Mortgage Indebtedness means and refer to all mortgages (real, personal and mixed), vendor's liens, deeds of trust, conditional bills of sale, security interests, pledges and other types of liens generally regarded as mortgages affecting, relating to, or pertaining to real or personal property, whether or not personal liability for the payment or discharge thereof exists.

Mortgage Indebtedness means principal of, and prepayment fees and premiums, if any, and interest on and all other monetary obligations of every kind or nature (including fees, indemnities and expenses) due on or in connection with any Company Loan, whether outstanding on the date of this Agreement or thereafter created, incurred or assumed and, in each case, secured by a Lien on any portion of the Property.

Mortgage Indebtedness is defined in Section 4.05.