MORTGAGE EXPENSE definition
MORTGAGE EXPENSE for any period and with respect to any Facility, the total amount payable during such period by the mortgagor of such Facility to any Borrower, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Facility is subject under the mortgage.
MORTGAGE EXPENSE means, for any period and with respect to any Facility, the total amount payable during such period by the mortgagor of such Facility to the Company, a Subsidiary of the Company or any third party under any participating agreement relating to a Mortgage, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Facility is subject under the Mortgage.
MORTGAGE EXPENSE means for any period and with respect to any Investment Facility, the total amount payable during such period by the mortgagor of such Investment Facility to the Guarantor, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Investment Facility is subject under the mortgage.
Examples of MORTGAGE EXPENSE in a sentence
MORTGAGE EXPENSE AND RECORDING FEES The Mortgage Recording Tax imposed on the mortgagor, mortgage and deed recording fees, expenses of drawing papers and any other expenses to be incurred in connection with procuring a mortgage, shall be paid by the Purchaser.
MORTGAGE EXPENSE AND RECORDING FEES The Mortgage Recording Tax imposed on the mortgagor, which is a legal contract that sets forth the terms of the sale and purchase of goods.
More Definitions of MORTGAGE EXPENSE
MORTGAGE EXPENSE means, for any period and with respect to any Mortgage Project, the total amount payable during such period by the mortgagor of such Project to any Borrower, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Project is subject under the mortgage.
MORTGAGE EXPENSE means the monthly payment for mortgage principal and interest as well as any monthly mortgage insurance premium.