Mortgage Note Receivables definition
Mortgage Note Receivables meanss, mortgage and notes receivable and other promissory notes, including interest payments thereunder, in favor of, or payable to, the Borrower or any Subsidiary which are in, or made by, or payable by, any Person (other than the Borrower, ▇▇▇▇ Realty OP and ▇▇▇▇ OP, or their respective Subsidiaries) that are secured by (a) a first-lien mortgage loan on a Medical Asset or (b) a first-lien pledge of the equity interest in any entity which directly or indirectly (through the ownership of equity interests in one or more entities) owns an equity interest in an entity that owns a Medical Asset.
Mortgage Note Receivables means a mortgage loan on a commercial real estate property, and which Mortgage Note Receivable includes, without limitation, the indebtedness secured by a related first priority security instrument. Hybrid Leases and Hybrid Mortgages shall not be considered a Mortgage Note Receivable.
Mortgage Note Receivables means mortgage and notes receivable and other promissory notes, including interest payments thereunder, in favor of, or payable to, a member of the Consolidated Group which are in, or made by, or payable by, any Person (other than a member of the Consolidated Group) that are secured by (a) a first-Lien mortgage loan on a Medical Asset or (b) a first-Lien pledge of the Equity Interest in any entity which directly or indirectly (through the ownership of Equity Interests in one or more entities) owns an Equity Interest in an entity that owns a Medical Asset.
Examples of Mortgage Note Receivables in a sentence
The Borrower will use the proceeds of the Loans solely for (a) payment of closing costs in connection with this Agreement, (b) repayment of Indebtedness, (c) acquisitions of fee simple ownership of Real Estate or Real Estate subject to a Ground Lease or Mortgage Note Receivables, and (d) general corporate and working capital purposes.
More Definitions of Mortgage Note Receivables
Mortgage Note Receivables meanss, mortgage and notes receivable and other promissory notes, including interest payments thereunder, in favor of, or payable to, the Borrower or any Subsidiary which are in, or made by, or payable by, any Person (other than the Borrower, Sila Realty OP and Sila OP, or their respective Subsidiaries) that are secured by (a) a first-lien mortgage loan on a Medical Asset or (b) a first-lien pledge of the equity interest in any entity which directly or indirectly (through the ownership of equity interests in one or more entities) owns an equity interest in an entity that owns a Medical Asset.
Mortgage Note Receivables. A first priority mortgage loan on a completed single-tenant commercial real estate property evidenced by a first priority security instrument of which Borrower or a Subsidiary thereof is the holder and retains the right of collection of all payments thereunder.
Mortgage Note Receivables. A first priority mortgage loan on a completed single- or multiple-tenant commercial real estate property, and which Mortgage Note Receivable includes, without limitation, the indebtedness secured by a related first priority security instrument.