First Mortgage Debt definition

First Mortgage Debt means that certain financing for the Pool D Properties provided by Nomura Credit and Capital, Inc. in the original amount of $11,604,000.
First Mortgage Debt means that certain financing for the Pool A Properties provided by Nomura Credit and Capital, Inc. in the original amount of $10,632,000.00.
First Mortgage Debt means, from time to time, any obligations of a Net Lease Partnership secured by a first mortgage or first deed of trust on one or more Individual Properties, as of the Closing Date as set forth in Schedule 6.1.18(ii)(ii). The GMAC Mortgage Loan is a First Mortgage Debt. Fiscal Year shall mean each twelve month period commencing on January 1 and ending on December 31. Foreign Lender as defined in Section 2.7.3(iii).

Examples of First Mortgage Debt in a sentence

  • The sum of Cash Flow Available plus First Mortgage Debt Service must be at least 10% of Total Operating Expenses.

  • The Greek Cypriot side meticulously kept its proposed changes within the parameters of the Plan.

  • The First Mortgage Debt is also secured by the Assignment of Leases.

  • The First Mortgage Debt is also secured by an assignment of leases and rents (the “Assignment of Leases”).

  • Summary of First Mortgage Debt In March 1998, ICCMIC agreed to provide the Company with up to $20,000,000 of mortgage financing.


More Definitions of First Mortgage Debt

First Mortgage Debt as such term is defined in Section 2(c) hereof. "FIRST MORTGAGE DEBT LOAN DOCUMENTS" as such term is defined in Section 7(a)(i)(H). "XXXXXXXXXX OBLIGATIONS" - as such term is defined in Section 12(a)(iii). "INTANGIBLE PROPERTY" - as such term is defined in Section 1 hereof. "INTANGIBLE PROPERTY ASSIGNMENT" - as such term is defined in Section 10(d) hereof. "LAND" - as such term is defined in Section 1 hereof. "LAWS" - as such term is defined in Section 7(a)(i)(C) hereof. "LEASE ASSIGNMENT" - as such term is defined in Section 10(b) hereof. "LEASES" - as such term is defined in Section 1 hereof. "LICENSE AND INDEMNITY AGREEMENT" - as such term is defined in Section 13(b) hereof. "LICENSES" - as such term is defined in Section 11(c) hereof. "LIENS" - as such term is defined in Section 6(b) hereof. "MANAGER" - as such term is defined in Section 3(a)(iv). "XXXXX'X" - as such term is defined in Section 9(a)(vi). "NEW LEASE" - as such term is defined in Section 12(a)(ii) hereof. "NEW LEASE EXPENSES" - as such term is defined in Section 12(a)(ii) hereof. "NOTICE OF OBJECTION" - as such term is defined in Section 19(b)(i) hereof. "OTHER SALE AGREEMENTS" - as such term is defined in Section 9(a)(ix) hereof.
First Mortgage Debt means the indebtedness outstanding as of the date of determination under the Mortgage Indenture.
First Mortgage Debt means the Indebtedness outstanding under the ----------------------- 13% Indenture.
First Mortgage Debt means, from time to time, any obligations of a Net Lease Partnership secured by a first mortgage or first deed of trust on one or more Individual Properties, as of the Closing Date as set forth in Schedule 6.1.18(b)(i). The GMAC Mortgage Loan is a First Mortgage Debt. Fiscal Quarter shall mean each quarterly period (a) beginning on January 1 and ending on March 31, (b) beginning on April 1 and ending on June 30, (c) beginning on July 1 and ending on September 30, and (d) beginning on October 1 and ending on December 31. Fiscal Year shall mean each twelve month period commencing on January 1 and ending on December 31. Fleet Loan Agreement as defined in Section 1.3.1. Foreign Lender as defined in Section 2.7.3(b).
First Mortgage Debt means the “Debt” as defined in the First Mortgage Loan Agreement.
First Mortgage Debt means the indebtedness of the Borrower to the ------------------- First Mortgage Lender under the First Mortgage Loan Agreement.
First Mortgage Debt as of any Determination Date, without ------------------- duplication, the outstanding principal amount of Indebtedness secured by a first mortgage on any MOB Property as of the Measurement Period End Date.