Existing Mortgage Loan definition

Existing Mortgage Loan means a loan secured by a Mortgage or Deed of Trust made by a Mortgage Lender to: (i) a Person of Low or Moderate Income to finance the purchase of an owner-occupied single family residence in the state; or (ii) to a person or entity to finance multiple-family, transitional and congregate dwelling projects for persons and families of low or moderate income, which loan was made prior to the date of submission by the Mortgage Lender of its Application.

Existing Mortgage Loan means the loan from U.S. Bank National Association secured by the Existing Mortgage.

Existing Mortgage Loan means the mortgage loan in the initial principal amount of $34,000,000 made by Xxxx Xxxxxxx Life Insurance Company to the SPE, the proceeds of which were used by the SPE to finance the purchase of the Distribution Center, which loan matures in July 2023.

Examples of Existing Mortgage Loan in a sentence

• The Court has before it the Debtors’ Assented Emergency Motion for Approval of Loan Modification of Existing Mortgage Loan on Home (Doc.

• Foster Carers participate in preparing and evaluating the training programme.

• Interest payments due under the Existing Mortgage Loan, on a per diem basis based upon the number of days in the current billing period prior to the Closing Date (which shall be allocated to Seller) and the number of days in the current billing period on or after the Closing Date (which shall be allocated to Owner).] [if applicable] [Capital Projects.

• In addition to the requirements of the preceding sentence, if the Existing Mortgage Loan is satisfied (in full or in part) on the Closing Date or during the two- (2-) year period following the Closing Date, the satisfaction must occur solely pursuant to proceeds from a refinancing indebtedness that the Operating Partnership incurs, and the principal amount of the refinancing indebtedness must be an amount that at least equals the principal amount of the Existing Mortgage Loan that is then-being satisfied.

• As used herein, the term “December 11 Outstanding Balance” shall mean for each Existing Mortgage Loan (I) the principal sum and any interest thereon owing under such Existing Mortgage Loan on December 11, 2013 (same being the stated maturity date of each Existing Mortgage Loan), after subtracting therefrom (II) the aggregate amount of any reserve funds held by Lender under such Existing Mortgage Loan on December 10, 2013 and not previously applied by Lender to cure any default thereunder.

More Definitions of Existing Mortgage Loan

Existing Mortgage Loan. As defined in Section 15.4.

Existing Mortgage Loan means that certain mortgage loan from Existing Mortgage Lender to Contributor, in the original principal amount of $120,000,000, made pursuant to the Existing Mortgage Loan Agreement.

Existing Mortgage Loan. That certain loan in the aggregate principal amount of $64,640,000, evidenced by four promissory notes dated December 31, 1990, made by Seller, as maker, to UBS Mortgage Finance Inc. ("Lender") in the original principal amounts of $28,441,600, $13,574,400, $13,574,400 and $9,049,600, respectively.

Existing Mortgage Loan. ’ means a Mortgage Loan relating to an Existing Mortgage Receivable;

Existing Mortgage Loan means the approximately $20,000,000 loan from Xxxxxxx National Life Insurance Company outstanding on the Fourth Amendment Effective Date and secured by the Existing Mortgage.

Existing Mortgage Loan means that certain mortgage loan evidenced by (i) that certain Promissory Note dated as of April 1, 2008 (the “Existing Note”) by Seller, as borrower (“Borrower”) in favor of PB Capital Corporation, a Delaware corporation (“Lender”), as agent for the lenders more particularly set forth in the Existing Loan Agreement (defined below), (ii) that certain Loan Agreement dated April 1, 2008 (the “Existing Loan Agreement”) by and between Seller, as Borrower, and Lender, and (iii) those certain other loan documents described as “Loan Documents” in the Existing Loan Agreement (collectively, with the Existing Note and the Existing Loan Agreement, the “Existing Loan Documents”).

Existing Mortgage Loan means that certain loan in the original principal amount of $140,000,000, made pursuant to that certain Loan Agreement, dated as of August 29, 2006, by and between UBS Real Estate Investments, Inc., as lender, and Property Owner, as borrower, which loan is secured by one or more mortgages on the Property.