MOB Loan definition
MOB Loan means the loan from the Lender to the MOB Borrower in the original principal amount of Fifteen Million Three Hundred Fifty-Six Thousand Five Hundred Seventy-Five and No/100 Dollars ($15,356,575.00) pursuant to the MOB Loan Agreement.
MOB Loan. That certain loan in the original principal amount of ELEVEN MILLION THREE HUNDRED SIXTY THOUSAND DOLLARS ($11,360,000) made by Meditrust Mortgage Investments, Inc. to the Lessor.
Examples of MOB Loan in a sentence
Without limiting the provisions of Section 24.13, in the event of any conflict between the provisions hereof and the provisions of any of the documents evidencing and/or securing the MOB Loan and/or the SNF Loan (collectively, the "Meditrust Loan Documents"), the Meditrust Loan Documents shall control.
Security Agreement and Fixture Filing, of even date herewith, conveying to Lender the Property as security for the payment of the Note and the payment and performance of all obligations specified therein, and in this Agreement, the MOB Mortgage and the MOB Loan Agreement.