First Mortgagee definition

First Mortgagee means the holder of any First Mortgage.

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First Mortgagee. The term "First Mortgagee" shall mean the Mortgagee of a First Mortgage. The term "First Mortgagee" shall also include an insurer or governmental guarantor of a First Mortgage including, without limitation, the Federal Housing Authority and the Department of Veteran's Affairs.

First Mortgagee means the holder or beneficiary of any First Mortgage.

Examples of First Mortgagee in a sentence

• Until the time allowed, as aforesaid, for the First Mortgagee to cure such default has expired without cure, Tenant shall have no right to, and shall not, terminate this Lease on account of Landlord's default.

• If at any time the Mortgagor provides the First Mortgagee with any written communication, information, documentation, notice or demand of any kind (including regular monthly loan payments) relevant to the First Mortgage, including any appraisal or other similar material, then the Mortgagor shall at the same time and by the same means provide the Mortgagee with a copy of the same.

• If at any time the Mortgagor receives any written communication, information, documentation, notice or demand of any kind from the First Mortgagee relevant to the First Mortgage or the loan or other obligation secured thereby, then the Mortgagor shall immediately provide the Mortgagee with a copy of the same.

• Nothing herein shall prohibit the First Mortgagee from acting as the Insurance Trustee.

• No amendment of this Condominium Agreement shall be effective without the written consent and approval of any First Mortgagee, which shall not be unreasonably withheld, conditioned and/or delayed.

More Definitions of First Mortgagee

First Mortgagee means the holder of a First Mortgage.

First Mortgagee means the holder of a recorded First Mortgage encumbering a Lot and the Home thereon, if any.

First Mortgagee means the Mortgagee under a First Mortgage.

First Mortgagee means any person named as a Mortgagee under a First Mortgage, or any successor to the interest of any such person under a First Mortgage.

First Mortgagee shall also include an insurer or governmental guarantor of a First Mortgage including, without limitation, the Federal Housing Authority and the Department of Veteran's Affairs.

First Mortgagee means the agent that the lenders, HSH Nordbank AG, Piraeus Bank A.E., and Aegean Baltic Bank S.A., will appoint. “First Security” means (i) the first preferred Liberian mortgage over the Vessel in favour of the First Mortgagee and (ii) the first priority assignment of the earnings, insurance and requisition compensation relating to the Vessel in favour of the First Mortgagee. “Intercreditor Deed” means the intercreditor deed between the First Mortgagee and the Builder under which the Post Delivery Instalment shall rank behind the claims of the First Mortgagee under the First Loan entered into or to be entered into between (inter alia) the First Mortgagee and the Buyer providing (inter alia) for the First Security. “Letter of Guarantee” has the meaning given in Clause 4.2. “Mortgage” has the meaning given in Clause 4.3. “Post Delivery Instalment” has the meaning given in Clause 3.1. “Post Delivery Instalment Due Date” has the meaning given in Clause 3.3. “Promissory Note” has the meaning given in Clause 4.1. “Second Security” means the Mortgage, the Assignment and the Time Charter Assignment. “Tax” means any tax (other than tax on the overall income of the Builder, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). “Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a Transaction Document except for those imposed in Korea upon the payment of the Post Delivery Instalment. “Time Charterer” means Hanjin Shipping Co., Ltd of Seoul. “Time Charter” means the time charter dated 15 November 2007 as amended by addendum no. 1 dated 19 August 2009 between the Buyer and the Time Charterer. “Time Charter Assignment” has the meaning given in Clause 4.5 “Total Loss” means: (a) actual, constructive, compromised, agreed or arranged total loss of the Vessel; (b) requisition for title or other compulsory acquisition of the Vessel otherwise than by requisition for hire; (c) capture, seizure, arrest, detention, or confiscation of the Vessel by any person, governmental authority or government or by persons acting or purporting to act on behalf of any government or any other person which deprives the Buyer of the use of the Vessel for 90 days or more after that occurrence; and (d) requisition for hire of the Vessel by any government or by persons acting or purporting to act on behalf of any governme...

First Mortgagee. As defined in Section 20(a) hereof.