Foreign Mortgage definition
Examples of Foreign Mortgage in a sentence
The U.S. Borrower agrees that (a) the Obligations (as defined in the U.S. Collateral Agreement) of the New Foreign Subsidiary Borrower shall be entitled to the benefits of the U.S. Collateral Agreement and the U.S. Mortgages and (b) the Foreign Obligations (as defined in the Foreign Guarantee) shall be entitled to the benefits of the Foreign Guarantee, each Foreign Pledge Agreement, each Foreign Security Agreement and each Foreign Mortgage.
The mortgagor under each Domestic Mortgage and Foreign Mortgage has good and marketable title to the Mortgaged Property free and clear of all Liens other than Liens and Prior Liens applicable to such Mortgaged Property and Liens permitted by the applicable Mortgage.
By: ---------------------------------- Director By: ---------------------------------- Director/Secretary Foreign Mortgage Corp.