New Mortgage definition

New Mortgage shall have the meaning provided in Section 7.10.

New Mortgage means, in relation to a New Ship, the priority or preferred (as applicable) ship mortgage on a New Ship and, if applicable, the deed of covenant collateral thereto, in agreed form.

New Mortgage has the meaning stated in Section 21.

Examples of New Mortgage in a sentence

• The term of the New Mortgage will be for a period equivalent to the remaining term of the Old Mortgage.

• Consumer Financial Protection Bureau Lays Out Implementation Plan for New Mortgage Rules.

• As part of the transfer the Mortgage Bonds will be cancelled and the transferee mortgage loan credit institution will issue its mortgage bonds (the New Mortgage Bonds) to the Holders on the same terms and conditions as those of the Mortgage Bonds.

• New Mortgage Requirements 8SECTION IV—PROPERTY ELIGIBILITY EVALUATION 8A.

• In the case of such transfer by the Issuer, a Holder will not be able to declare a Mortgage Bond held by it to be due and payable pursuant to this Condition 9(a), although this will not prejudice any rights a Holder may have under the New Mortgage Bonds.

More Definitions of New Mortgage

New Mortgage means the first preferred Liberian mortgage over “AGAMEMNON II” executed or to be executed by the New Owner in favour of the Security Trustee in such form as the Lenders may approve or require;

New Mortgage means a mortgage, deed of trust or deed to secure debt, as applicable, substantially in the form of Exhibit I-1 or otherwise in form and substance reasonably acceptable to Administrative Agent, granted on or after the Closing Date in favor of Administrative Agent as security for the Obligations, as it may be amended, supplemented or otherwise modified from time to time.

New Mortgage means, in the case of a New Ship, a first preferred Liberian mortgage on that New Ship executed or, as the case may be, to be executed by the New Owner which is the owner of that New Ship in favour of the Security Trustee, in such form as the Lenders may approve or require and, in the plural, means both of them;

New Mortgage means, collectively, the "New Mortgages" referred to in item 11 of Exhibit D and any mortgages and supplements executed pursuant to Section 8.09 (a) hereof.

New Mortgage means the first preferred mortgage in respect of the Replacement Vessel to be granted by the New Borrower in favour of the Security Agent;

New Mortgage means that certain mortgage between Bank of America, N.A. and the Debtors concerning the Maine Property, providing for monthly payments based upon a principal amount of $650,000, payable at a 5% interest rate over thirty years.

New Mortgage means, in relation to the Ship named “GASLOG SKAGEN”, the first priority Bermuda ship mortgage executed or to be executed by GAS-six in favour of the Security Trustee in the Agreed Form;