Mortgage Maker definition
Examples of Mortgage Maker in a sentence
If more than one party is named as Borrower hereunder, as Mortgagor under the Mortgage, Maker under the Note, or named under any guaranty, document, certificate, instrument, or agreement, the liability of each such person shall be joint and several.
As a material inducement to Noteholder to enter into the loan secured by this Mortgage, Maker agrees to maintain and comply the Development Agreement.
Collateral Agent and Senior Lenders acknowledge and agree that Borrower may satisfy its obligations under this SECTION 2.9 to purchase an Interest Rate Cap in the notional amount of the Senior Loan by purchasing, in its capacity as Borrower hereunder and as Mortgage Maker under the Note Purchase Agreement, a single Interest Rate Cap in the notional amount of the Loan, and pledging the same to Collateral Agent pursuant to the Cap Security Agreement.
Each of the Note Purchase Documents executed by Mortgage Maker, Mezzanine Maker and the other Loan Parties, as applicable, in favor of Purchaser and/or Collateral Agent, as applicable.
Provided that no Event of Default shall have occurred under this Note, the Loan Agreement or any other Loan Document (including, without limitation, the Mortgage), Maker shall pay principal payments as and when provided for in the Loan Agreement.
Without limiting the foregoing, at all times, (i) Mezzanine Maker shall own, directly, all of the Equity Interests in Mortgage Maker; and (ii) MP-WFC Holdings and MP-Bunker Hill shall own, directly, all of the Equity Interests in Mezzanine Maker.