Additional Security Mortgage definition

Additional Security Mortgage means the Additional Security Mortgage and Security Agreement dated March 1, 1993, made by Kapalua Land Company, Ltd. and recorded in the Bureau of Conveyances of the State of Hawaii as Document No. 93-036900, as originally executed or thereafter modified.
Additional Security Mortgage means a mortgage of additional property to secure an existing debt which is recorded in the bureau of conveyances of the State or filed with the assistant registrar of the land court of the State.

Examples of Additional Security Mortgage in a sentence

  • An ALTA Form Lender's Title Insurance Policy for not less than $25,000,000.00, assuring to the Lenders the validity and agreed-upon priority of the Mortgage and the Additional Security Mortgage may require.

  • An ALTA Form Lender's Title Insurance Policy for $30,000,000.00, assuring to the Lenders the validity and agreed-upon priority of the Mortgage and the Additional Security Mortgage may require.

  • The Lend- ers will not require that the Borrower provide (or pay the costs of) title insurance on the properties encumbered by the Mortgage or Additional Security Mortgage (collectively, the "Mortgaged Properties").

  • An ALTA Form Lender’s Title Insurance Policy for not less than $30,000,000, assuring to the Lenders the validity and agreed-upon priority of the Mortgage and the Additional Security Mortgage.

Related to Additional Security Mortgage

  • Additional Security means any letter of credit, guarantee agreement, mortgage-backed security, insurance policy or other security which would result in a rating on the Bonds not less than “A” by a Nationally Recognized Rating Agency, or other collateral which would result in a rating on the Bonds of at least “A” from a Nationally Recognized Rating Agency.

  • Additional Secured Parties means any Additional Agents and any Additional Creditors.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Ship Mortgage means either the first preferred ship mortgage or first priority statutory mortgage and related deed of covenants, in each case, on each of the Mortgaged Vessels granted by a Mortgaged Vessel Guarantor to the Collateral Trustee and dated on or before the Issue Date or a Vessel Tender Date, as the case may be, as amended from time to time in accordance with the terms of this Indenture and such Ship Mortgages, which in the case of (i) the Greek Ship Mortgage shall be substantially in the form of Exhibit F-1 hereto, (ii) the Maltese Ship Mortgage shall be substantially in the form of Exhibit F-2 hereto, (iii) the Panamanian Ship Mortgage shall be substantially in the form of Exhibit F-3 hereto and (iv) any other Ship Mortgage from time to time established under the terms of any other jurisdiction, including any Ship Mortgage in connection with the transfer or change of flag to a Permitted Flag Jurisdiction, shall be substantially in the form of any of Exhibits F-1, F-2 or F-3 hereto.