Acquisition Loan Mortgage definition

Acquisition Loan Mortgage means the Acquisition Loan Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing in the amount of the Total Acquisition Loan Commitment and executed, dated and delivered by Borrower to Administrative Agent (on behalf of the Lenders) on the Closing Date, securing the Acquisition Loan Notes, as the same may be modified, amended and/or supplemented and in effect from time to time.
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Acquisition Loan Mortgage. That certain Consolidation, Modification, Extension and Spreader Agreement (Acquisition Loan Mortgage), dated the date hereof, made by and between Senior Borrower and Senior Administrative Agent in the principal amount of the Acquisition Loan, encumbering the Premises as a first mortgage lien and securing repayment of the Acquisition Loan, and any future amendments, modifications or supplements thereto.
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Acquisition Loan Mortgage shall have the meaning set forth in the Acquisition Loan Agreement.
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Examples of Acquisition Loan Mortgage in a sentence

  • In addition, the parties executed a Consolidated, Amended and Restated Acquisition Loan Mortgage and Security Agreement, and an Option Agreement referencing three loans: 1) the Acquisition Loan of $ 15,649,568.31; 2) the Project Loan of $ 6,232,323.69; and 3) the Building Loan of $ 4,875,819.00.* * *The Acquisition Loan was used to acquire certain real property located at 1440 Story Avenue in the Bronx, New York.

  • The mortgage securing the Acquisition Loan is titled the Consolidated, Amended and Restated Acquisition Loan Mortgage and Security Agreement.

  • The acquisition was financed through a loan from BFSB in an aggregate amount of $14,955,000, which consisted of (a) an Acquisition Loan Consolidated Secured Promissory Note, dated August 13, 2007, in the original principal amount of $14,955,000 (the “Consolidated Note”), and (b) an Acquisition Loan Mortgage Consolidation, Extension, Modification and Security Agreement (the “Consolidated Mortgage”), dated August 13, 2007.

  • This Mortgage is intended to be junior and subordinate in lien to the (i) Acquisition Loan Mortgage and (ii) Building Loan Mortgage, each executed by Mortgagor in favor of Mortgagee and each dated as of the date hereof, securing repayment of Acquisition Loans and Building Loans, as applicable, or so much thereof as shall have been advanced thereunder, the proceeds of which are to be disbursed and advanced from time to time after the date hereof.

  • These included the Acquisition Loan Mortgage, Building Loan Mortgage, and Gap Mortgage, each of which were separately and distinctly listed in the schedule.

  • In sum, the combined remaining balances on the Acquisition Loan Mortgage, Building Loan Mortgage, and Gap Mortgage totaled $8,796,826.29, or the amount of the Consolidation Loan Mortgage.

  • In essence, consistent with the example above, the evidence points out that the $4,315,961.55 component of the Consolidation Loan Mortgage served to extinguish the debts secured by the Acquisition Loan Mortgage and Building Loan Mortgage, both which predated November 16, 2011, while the $4,480,859.74 component involved new indebtedness, created on that date, and secured by the Gap Mortgage.

  • Notwithstanding anything to the contrary set forth in this Agreement or in the Building Loan Agreement, the Project Loan Agreement, the Acquisition Loan Mortgage, the Building Loan Mortgage, the Project Loan Mortgage or any other Loan Document to the contrary, Member, Xxxxxxxx’s sole member, is permitted to enter into the Mezzanine Loan with Mezzanine Lender in accordance with certain mezzanine loan documents dated on or about the date hereof listed on Exhibit D.

  • On October 28, 2011, State Bank of Long Island assigned both the Acquisition Loan Mortgage and the Building Loan Mortgage to People’s United Bank.

  • The Acquisition Loan Mortgage and the Acquisition Loan Assignment are hereby modified and amended so that all references therein to the term “Note” shall mean the Restated Acquisition Loan Note instead of the Acquisition Loan Note.

Related to Acquisition Loan Mortgage

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.