Mortgage Instrument definition

Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the terms of Section 4.1(e)(i), 5.10 or 5.12, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

Mortgage Instrument means any mortgage, deed of trust or any other instrument executed by the Owner Trustee and the Lessee (or regarding any Property subject to a Ground Lease, the applicable Affiliate of the Lessee) in favor of the Agent (for the benefit of the Lenders and the Holders) and evidencing a Lien on the Property, in form and substance reasonably acceptable to the Agent.

Mortgage Instrument means any deed of trust, security deed, mortgage, or other instrument which constitutes a first lien or second lien on the Mortgaged Property securing payment by a mortgagor of a Mortgage Note.

Examples of Mortgage Instrument in a sentence

• The Mortgage Instrument has not been satisfied, canceled, subordinated or rescinded, in whole or in part, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would affect any such release, cancellation, subordination or rescission.

• The Title Policy shall insure: (i) that the total amount of the lien of Lender’s Mortgage Instrument is a valid [first priority lien]2 on Borrower’s interest in the Property; and (ii) that the title to Borrower’s interest in the Property is free and clear of all defects and encumbrances except those Lender approves in writing.

• This Loan is secured by a [first priority lien]4 on the Property (including the Improvements and all materials and other personal property related to the construction and/or renovation of the Property), as evidenced by the Mortgage Instrument, any UCC financing statements registered in connection with the Loan, and any and all other Loan Documents securing Borrower’s obligations to Lender (collectively, the “Security Documents”).

• Alternative Mortgage Instrument (AMI) A non-traditional mortgage; a mortgage with terms varying from those of traditional mortgages in one or more ways.

• In connection with each such Defended Loan, if such Defended Loan has been assigned to Subservicer, in lieu of any Assignment of Mortgage Instrument contemplated above in this Section 2.03(c), Subservicer will, at Subservicer’s expense, prepare and record an Assignment of Mortgage Instrument from Subservicer to MERS.

More Definitions of Mortgage Instrument

Mortgage Instrument means any mortgage, deed of trust or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties, as the same may be amended, modified, extended, restated, replaced, or supplemented from time to time.

Mortgage Instrument means, for any Real Property Asset, a first lien priority mortgage, deed of trust or deed to secure debt in favor of the Administrative Agent (for the benefit of the Lenders) with respect to such Real Property Asset. Each Mortgage Instrument shall be in form and substance satisfactory to the Administrative Agent and suitable for recording in the applicable jurisdiction.

Mortgage Instrument means each of the mortgages, deeds of trust or deeds, or Additional Mortgage Instruments, to secure debt (as the same may be amended, modified, restated or supplemented from time to time) encumbering the fee interest and/or leasehold interest of the applicable Obligor in each of the Mortgaged Properties in favor of the Collateral Trustee, on behalf of the Parity Lien Secured Parties.

Mortgage Instrument. Any deed of trust, security deed, mortgage, security agreement or any other instrument which constitutes a first lien on real estate (or shares of stock in the case of cooperatives) securing payment by a Mortgagor of a Mortgage Note.

Mortgage Instrument means any mortgage, deed of trust, deed to secure debt or assignment of leases and rents executed by a Credit Party in favor of the Administrative Agent pursuant to the terms of Section 4.1(e)(i), 5.10 or 5.12, as the same may be amended, modified, restated or supplemented from time to time.

Mortgage Instrument means any mortgage, deed of trust or deed to secure debt in form and substance satisfactory to the Administrative Agent executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Secured Parties.

Mortgage Instrument means, for any Real Property Asset, a first lien priority fee or leasehold mortgage, deed of trust or deed to secure debt in favor of the Administrative Agent (for the benefit of the Lenders) with respect to such Real Property Asset. Each Mortgage Instrument shall be in form and substance satisfactory to the Administrative Agent and suitable for recording in the applicable jurisdiction.