Acquisition Mortgage definition

Acquisition Mortgage means the Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Line of Credit Mortgage, Assignment of Production, Security Agreement and Financing Statement of even date herewith executed by the Borrower in favor of the Agent covering the Acquisition Properties, as same may be amended, supplemented, restated or otherwise modified from time to time.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Acquisition Mortgage means the first mortgage to be granted by the Issuer in connection with the acquisition of the RE Property and targeted to be in the amount of $12,075,000;

Examples of Acquisition Mortgage in a sentence

Assignment of Mortgage and First Modification of Agency Mortgage and Security Agreement, each dated as of January 22, 2009 by which the 1999 Acquisition Mortgage, the 1999 Building Mortgage and the 1999 Indirect Mortgage were assigned by HSBC Bank USA, National Association to the Agent.
Any such sale, assignment, encumbrance, conveyance and other disposition shall be made subject to the lien and the provisions of the Acquisition Mortgage.
Pursuant to the Acquisition Mortgage, the Agency and the Lessee will grant to the Bank Mortgagee a mortgage lien on and a security interest in the Facility as security for the payment of amounts due under the Acquisition Mortgage Loan.
This Agreement shall be subject and subordinate to the terms and provisions of the Acquisition Mortgage and to such mortgage liens and security interests so created thereby.
The Acquisition Loan is evidenced by a note of Fee Owner of even date herewith in the amount of $26,625,000 and is secured by, among other things, mortgage(s), deed(s) of trust or deed(s) to secure debt of even date herewith from Fee Owner which encumbers some or all of the Properties, which may include the Hotel (the documents evidencing and securing the Acquisition Loan herein referred to as the "Acquisition Mortgage Documents").
If the parties complete the Acquisition, Mortgage Securities shall terminate its registration under the 1940 Act and liquidate and dissolve.
Each member of the Whitehall Group acknowledges that an Affiliate of Hyatt is an Acquisition Mortgage Lender, and agrees that this Agreement shall not alter, limit, waive or otherwise modify any of the rights, remedies or obligations of the parties to the documents evidencing the Acquisition Mortgage Loan as set forth therein.
The following definitions are hereby deleted in their entirety: "Acquisition Loan"; "Acquisition Mortgage"; "Acquisition Property"; "Additional Loan"; "Additional Mortgage"; "Additional Properties"; "Allocation Factor"; "Approval Information"; "Commitment"; "Extension Fee"; "FSA"; "Lender Fee"; "Limited Release Property"; "Loans"; "MAI"; "NACC Refinancing"; "Revolver Period"; "Revolving Credit Termination Date".

More Definitions of Acquisition Mortgage

Acquisition Mortgage. Acquisition Property"; "Additional Loan"; "Additional Mortgage"; "Additional Properties"; "Allocation Factor"; "Approval Information"; "Commitment"; "Extension Fee"; "FSA"; "Lender Fee"; "Limited Release Property"; "Loans"; "MAI"; "NACC Refinancing"; "Revolver Period"; "Revolving Credit Termination Date". All references in the Existing Loan Agreement to the aforementioned defined terms are hereby deleted. B. The following definitions are hereby deleted in their entirety and replaced with the following respective definitions: (a) "Allocated Loan Amount" shall mean, in respect of any Property, the amount set forth for such Property on Exhibit A attached hereto. (b) "Applicable Margin" shall mean 3.25% per annum. (c) "Borrower" shall mean KPT Properties, L.P., a Delaware limited partnership, together with its permitted successors and assigns. (d) "Collateral Properties" shall mean the Properties identified on Schedule A attached hereto. (e) "Lender" shall mean LaSalle Bank N.A., as Trustee for CDC Depositor Trust ST-I (formerly known as Nomura Depositor Trust ST-I), <PAGE> Commercial Mortgage Pass-Through Certificates, Series 1998 - ST-I, together with its permitted successors and assigns. (f) "Note" shall mean the Second Amended and Restated Renewal Promissory Note dated as of June 14, 2000 made by the Borrower to the Lender in the principal amount of $60,000,000. (g) "Required Constant" shall mean (i) 11.0% with respect to any determination relating to Collateral Properties that are factory outlet centers and (ii) 10.09% with respect to any determination relating to Collateral Properties that are community shopping centers.

Acquisition Mortgage means the Mortgage of even date herewith, from the Borrower, as mortgagor, to the Lender, as mortgagee, creating a $ lien on the Property and a security interest in all of the personal property located thereon as security for payment of the Note, subject to Permitted Encumbrances, in the form attached hereto as Exhibit C.

Acquisition Mortgage means a Mortgage made on an Acquisition Property in connection with an Acquisition Loan.