Initial Advance Mortgage definition
Initial Advance Mortgage means the mortgages described in, and consolidated and modified by, that certain Mortgage Consolidation and Modification Agreement dated as of the date hereof in the amount of the Initial Advance Amount from Borrower to Administrative Agent, securing repayment of the Indebtedness (excluding the Future Advances) and Borrower’s performance of its other obligations to Administrative Agent and Lenders under the Loan Documents, as amended, modified, supplemented, restated and replaced from time to time.
Examples of Initial Advance Mortgage in a sentence
The Initial Advance shall be evidenced by the Initial Advance Notes and secured by, among other things, the Initial Advance Mortgage.