Mortgaged Properties definition

Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

Mortgaged Properties means, initially, the owned real properties of the Loan Parties specified on Schedule 1.01(b), and shall include each other parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 5.11.

Mortgaged Properties has the meaning specified in paragraph (f) of the definition of Collateral and Guarantee Requirement.

Examples of Mortgaged Properties in a sentence

• No such Mortgage Loan that is secured by more than one Mortgaged Property or that is cross collateralized with another Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is a Crossed Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to a partial condemnation, other than in compliance with the loan-to-value ratio and other requirements of the REMIC Provisions of the Code.

• In the event that the landlord desires to sell, convey or otherwise transfer the Mortgaged Properties to a bona fide third party, the landlord must notify Tekni-Plex of the material economic terms and conditions, including the net consideration, which would be reasonably acceptable to the landlord, in which event Tekni-Plex will have 45 days to determine whether to purchase the Mortgaged Properties on such terms.

• No Mortgage Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits the release of cross-collateralization of the related Mortgaged Properties or a portion thereof, including due to partial condemnation, other than in compliance with the REMIC Provisions of the Code.

More Definitions of Mortgaged Properties

Mortgaged Properties has the meaning set forth in the definition of “Collateral and Guarantee Requirement.”

Mortgaged Properties the real properties as to which, pursuant to Section 6.12(b) or otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages.

Mortgaged Properties shall have the meaning assigned to such term in the recitals.

Mortgaged Properties has the meaning assigned to it in Annex D.

Mortgaged Properties means the parcels of real property identified on Schedule 5.08(b) and any other Material Real Property with respect to which a Mortgage is required pursuant to Section 6.12.

Mortgaged Properties has the meaning specified in paragraph (5) of the definition of “Collateral and Guarantee Requirement.”

Mortgaged Properties refers to the properties securing such Mortgage Loans. The Purchaser and the Seller wish to prescribe the manner of sale of the Mortgage Loans from the Seller to the Purchaser and in consideration of the premises and the mutual agreements hereinafter set forth, agree as follows: