First Lien Mortgage means that certain first lien mortgage granted by Borrower as of the same date hereof.
First Lien Mortgage means a mortgage, deed of trust, assignment of leases and rents, leasehold mortgage or other security document granting a Lien on any First Lien Mortgaged Property to secure the Secured Obligations. Each First Lien Mortgage shall be in form and substance reasonably satisfactory to the Collateral Agent and the Borrower.
First Lien Mortgage. A mortgage lien on a Mortgaged Property which is first in priority to any other mortgage liens on that Mortgaged Property.
Examples of First Lien Mortgage in a sentence
Table A1:Mortgage Loan Related First Lien Mortgage LoanN/A N/A For any Mortgage Loan with “N/A” for the “Monthly Debt Service Amount (IO)” characteristic, Freddie Mac instructed us to use “N/A” for the “UW NCF DSCR (IO)” characteristic.
More Definitions of First Lien Mortgage
First Lien Mortgage means the First Lien Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing, dated as of the date hereof, from NW Spectrum Co., as Grantor, to the First Lien Collateral Agent, as Beneficiary. After any refinancing, extension or replacement of any Indebtedness under the First Lien Notes pursuant to the terms of the Intercreditor Agreement, the term “First Lien Mortgage” shall mean any replacement deed of trust entered into in connection with such refinancing, extension or replacement.
First Lien Mortgage means any replacement deed of trust entered into in connection with such refinancing, extension or replacement.
First Lien Mortgage shall have the meaning ascribed to such term in the preliminary statement of this Agreement.
First Lien Mortgage. A mortgage, deed of trust or other instrument, which creates a first priority lien on or ownership interest in the related Mortgaged Property securing the related Mortgage Note, including any rider incorporated therein by reference.
First Lien Mortgage has the meaning assigned to that term in the applicable Mortgage.
First Lien Mortgage means each mortgage, deed of trust or agreement executed and delivered by any Obligor in favor of the Collateral Agent for the benefit of the Secured Parties pursuant to the requirements of this Agreement in substantially the form of Exhibit H-1 hereto, in each case, including such provisions as shall be necessary to conform such document to applicable local law or as shall be customary under applicable local law, under which a Lien is granted on the real property and fixtures described therein to secure the First Lien Obligations, in each case as amended, supplemented, amended and restated or otherwise modified from time to time.
First Lien Mortgage means a first priority mortgage, deed of trust, security deed or similar agreement provided by a First Lien Lender to a Client to purchase and/or develop for sale as finished building lots for single-family residential purposes of residential real estate and the improvements thereto and with respect to such property, Borrower has provided a second priority mortgage, deed of trust, security deed or similar agreement to permit such Client to purchase and develop such property.