Continuing Collateral Mortgage definition

Continuing Collateral Mortgage means the Continuing Collateral Mortgage in the form of Exhibit "E" attached hereto, as amended or modified from time to time.
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Continuing Collateral Mortgage means those continuing collateral mortgages in form and content satisfactory to Bank pursuant to which ▇▇▇▇▇ ▇▇▇▇▇ grants Bank mortgages on the Real Property.
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Examples of Continuing Collateral Mortgage in a sentence

  • The Company is indebted to Agent in an amount, as of April 30, 2011, of $4,445,630 pursuant to a Continuing Collateral Mortgage, dated April 28, 1994, as amended, secured by a first lien on the Silver Triangle Building, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.

  • The Company is indebted to Agent in the amount of $7,539,000 pursuant to a Continuing Collateral Mortgage, dated April 28, 1994, as amended, secured by a first lien on the Silver Triangle Building, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.

  • The Company is indebted to Agent in an amount, as of May 31, 2014, of approximately $3,663,000 pursuant to a Continuing Collateral Mortgage, dated April 28, 1994, as amended, secured by a first lien on the Silver Triangle Building, 25▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.

  • Borrower shall have furnished to Bank, in form, content and amount satisfactory to Bank, a policy insuring Bank's Continuing Collateral Mortgage as a second lien under a standard ALTA title insurance policy, subject only to the Permitted Liens, with such endorsements as Bank may require.

  • In respect of the New Continuing Collateral Mortgage, FCC has received either: (i) a commitment to title insure from a reputable title insurer confirming that a lender’s title insurance policy is in effect in such amounts and with such endorsements as required by FCC, or (ii) a title opinion from the Loan Party’s legal counsel.

  • The notes are secured by a Continuing Collateral Mortgage, dated February 1, 1989, executed by Lansing.

  • Continuing Collateral Mortgage dated as of September 20, 2004, granted by NCEC in favor of Comerica Bank upon a certain property located in ▇▇▇▇▇▇▇, Vermont, and assigned by Comerica Bank to the Assignor pursuant to a certain Assignment of Mortgage dated August 8, 2007, and amended and restated by a certain ▇▇▇▇▇▇▇ and Restated Continuing Collateral Mortgage dated August 8, 2007.

  • None The Company is indebted to Agent in an amount, as of May 31, 2014, of approximately $3,663,000 pursuant to a Continuing Collateral Mortgage, dated April 28, 1994, as amended, secured by a first lien on the Silver Triangle Building, 25▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.

  • Borrower shall have furnished to Bank an environmental audit report, covering the premises being mortgaged under the Continuing Collateral Mortgage and any other property owned by Borrower, in form, content and by an environmental consultant acceptable to Bank.

  • This Agreement is, and the Notes, the Related Documents to which Borrower is a party and any other documents made by Borrower as contemplated hereby will be, when delivered, valid and binding obligations of Borrower, and the Guaranty, the Continuing Collateral Mortgage and the Seller Subordination Agreement will be valid and binding obligations of Guarantor and the subordinating party in accordance with their terms.