Common use of First Mortgage Notes Clause in Contracts

First Mortgage Notes. Those First Mortgage Notes identified on Schedule II attached hereto, and subsequent promissory notes or other evidences of indebtedness of Borrower in each case secured by first mortgages on real property owned by Borrower or its Subsidiaries.

Appears in 2 contracts

Sources: Loan Agreement (South Jersey Industries Inc), Loan Agreement (South Jersey Gas Co/New)