Mortgage Perfection definition
Mortgage Perfection means the recording of the Mortgages necessary under applicable law for the perfection of Liens granted by the Company or any Guarantor hereunder or under the Security Documents in any Real Property.
Examples of Mortgage Perfection in a sentence
Concurrently with the delivery of the Additional Mortgages, Borrower shall deliver to Administrative Agent the Mortgage Perfection Documents relating thereto.
The Holders and the Collateral Agent shall be responsible, at the sole cost and expense of the Holders, for the Mortgage Perfection of such Mortgages and for any and all mortgage recording taxes to be paid in connection with the recordation of such Mortgages.