Mortgage Notes definition

Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

Mortgage Notes shall have the meaning ascribed to “Notes” in the Loan Agreement (Mortgage).

Mortgage Notes means the 11-3/4% Mortgage Notes due 2003 issued by the Company pursuant to the Mortgage Note Indenture.

Examples of Mortgage Notes in a sentence

• The Trustee acknowledges that it will maintain possession of the Mortgage Notes in the State of California, unless otherwise permitted by the Rating Agencies.

• The Trustee acknowledges that it will maintain possession of the related Mortgage Notes in the State of California, unless otherwise permitted by the Rating Agencies.

• It is the express intent of the parties hereto that the conveyance of the Mortgage Notes, Mortgages, assignments of Mortgages, title insurance policies and any modifications, extensions and/or assumption agreements and private mortgage insurance policies relating to the Mortgage Loans by the Depositor to the Trustee be, and be construed as, an absolute sale thereof to the Trustee.

• In the event that such conveyance is deemed to be, or to be made as security for, a loan, the parties intend that the Depositor shall be deemed to have granted and does hereby grant to the Trustee a first priority perfected security interest in all of the Depositor’s right, title and interest in and to the Mortgage Loans, the related Mortgage Notes and the related documents, and that this Agreement shall constitute a security agreement under applicable law.

• For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans, all in accordance with the terms of this Agreement, Customary Servicing Procedures, applicable law and the terms of the Mortgage Notes and Mortgages.

More Definitions of Mortgage Notes

Mortgage Notes means, individually or collectively, as applicable, (i) that certain Replacement Reduced Acquisition Loan Promissory Note, dated the date hereof, in the principal amount of Four Hundred Ten Million and No/100 Dollars ($410,000,000), made by Mortgage Borrowers in favor of Mortgage Lender, as the same may be further replaced, amended, restated, supplemented or otherwise modified from time to time, and (ii) that certain Replacement Construction Loan Promissory Note, dated the date hereof, in the principal amount of Six Hundred Twenty Million and No/100 Dollars ($620,000,000), made by Mortgage Borrowers in favor of Mortgage Lender, as the same may be further replaced, amended, restated, supplemented or otherwise modified from time to time.

Mortgage Notes means mortgages and notes receivable secured by valid and enforceable first priority liens on real estate.

Mortgage Notes means the 11 1/8% First Mortgage Notes of the Facilities Subsidiary issued and sold pursuant to the Mortgage Note Agreements.

Mortgage Notes means notes, bonds, or other instruments evidencing Mortgage Loans or any other loans or indebtedness secured by Mortgages.

Mortgage Notes means the Miraloma Mortgage Note and the PS Stores Mortgage Note.

Mortgage Notes means the original promissory notes evidencing the initial indebtedness of the Initial Borrowers under the Mortgage Loan and any promissory notes evidencing any Mortgage Loan Increase, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such notes.

Mortgage Notes means investments of the Company that are notes, debentures, bonds and other evidences of indebtedness or obligations that are negotiable or non-negotiable and secured or collateralized by Mortgages.