Hypotheca definition

Hypotheca means the land, which is being mortgaged in favour of Primary banks as security.
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Hypotheca has the meaning set forth in the Preamble.
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Examples of Hypotheca in a sentence

  • Any Subsidiary that is a partnership or a limited liability company (other than Hypotheca Capital, LLC and New York Mortgage Funding, LLC, NYMT Residential Tax, LLC, NYMT Residential Tax 2013-RP1, LLC, NYMT Residential Tax 2013-RP2, LLC and NYMT Residential Tax 2013-RP3, LLC) has been properly classified either as a partnership or as an entity disregarded as separate from the Company for federal income tax purposes throughout the period from its formation through the date hereof.

  • For the avoidance of doubt, (x) the Stock Holdback Amount set forth in sub-clause (c) above shall only reduce the Closing Cash Consideration payable to ▇▇▇▇▇▇, and shall in no event have the effect of reducing the Closing Cash Consideration payable to either JMP or Hypotheca and (y) the Severance Holdback Amount set forth in sub-clause (d) above shall reduce the Closing Cash Consideration payable to all Sellers as set forth on Schedule 2.2.

  • This Agreement shall become effective upon the closing of the transactions contemplated by that certain Membership Interest Purchase Agreement by and among ▇▇▇▇▇▇ Family LLC, JMP Investment Holdings LLC and Hypotheca Capital, LLC, as Sellers, and the Company, as Buyer dated May 3, 2016 (the “Purchase Agreement”).

  • Any Subsidiary that is a partnership or a limited liability company (other than Hypotheca Capital, LLC and New York Mortgage Funding, LLC) has been properly classified either as a partnership or as an entity disregarded as separate from the Company for federal income tax purposes throughout the period from its formation through the date hereof.