Existing Property Mortgages definition

Existing Property Mortgages means (i) the property mortgages in Malmö Träpanelen 6 in the amount of SEK 45,000,000 (within SEK 45,000,000), (ii) the property mortgages in Malmö Träpanelen 8 in the amount of SEK 80,000,000 (within SEK 80,000,000), and (iii) the property mortgages in Malmö Träpanelen 1 in the amount of SEK 110,000,000 (within SEK 110,000,000).
Sample 1Sample 2Sample 3

Examples of Existing Property Mortgages in a sentence

  • The Manager’s PRC Legal Adviser has advised the Manager that the Project Company legally holds the land use rights and ownership rights of the Property and can legally occupy, use, lease and transfer the same (subject only to the Tenancies, the Existing Property Mortgages and the relevant land grant contracts).

  • Save for the Existing First Property Mortgage, the other Existing Property Mortgages will be discharged prior to Completion.

  • Mortgage: The Property is presently mortgaged by the Project Company under and pursuant to the Existing Property Mortgages as security for the repayment of existing bank borrowings.

Related to Existing Property Mortgages

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

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

  • Assignment of Leases and Rents With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar instrument executed by the Obligor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, whether contained in the Mortgage or in a document separate from the Mortgage, in the form that was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter in accordance with the Credit and Collection Policy.