Mortgage Security Documents definition
Examples of Mortgage Security Documents in a sentence
If any provision of this Agreement shall be inconsistent with, or contrary to, any provisions in the First Mortgage Security Documents or the Revolving Loan Documents or any other instrument or agreement delivered in connection with the transactions contemplated thereby, the applicable provision in this Agreement shall be controlling and shall supersede such inconsistent provision to the extent necessary to give full effect to all provisions contained in this Agreement.
The Holders shall also be entitled to receive as additional interest on each Payment Date any amounts received by the Issuer by way of Exit Fee or late payment charges under the Mortgage Security Documents or the Mezzanine Security Documents, as defined in the Indenture, during the immediately preceding Interest Period.
The Mortgagor shall never be required to pay unearned interest under the Mortgage Notes and this Mortgage or to pay interest under any or all of the Mortgage Security Documents in an amount in excess of the maximum nonusurious amount allowed by applicable law, and the provisions of this Article 50 shall control over all other provisions of any Mortgage Security Document which may be in apparent conflict herewith.
The Mortgagor hereby grants a security interest in and assigns to the Mortgagee the Deposit Account to secure the performance of the obligations under the Mortgage Notes, the Mortgage and the other Mortgage Security Documents and to be used by the Mortgagee to pay amounts permitted to be withdrawn by the Mortgagee pursuant to the Cash Management Agreement.
The Holders shall also be entitled to receive as additional interest, on each Payment Date, any amounts received by the Issuer by way of Exit Fee or late payment charges under the Mortgage Security Documents or the Mezzanine Security Documents, as defined in the Indenture, during the immediately preceding Interest Period.
The Mortgagor shall maintain the validity, perfection, priority and effectiveness of this Mortgage and the other Mortgage Security Documents.
In addition, whenever, in this Mortgage, the Indenture or any of the other Mortgage Security Documents, the Mortgagee is authorized to make any payment or return any funds or instruments to the Mortgagor without specifying any particular Borrower or Guarantor, the Mortgagee shall have satisfied its obligation hereunder and thereunder by delivering such funds or instruments to the Mortgagor Representative.
If the Maturity Date does not fall on a Payment Date, the Holders shall be entitled to receive, as additional interest, any amounts received by the Issuer since the end of the most recently completed Interest Period by way of Exit Fee or late payment charges under the Mortgage Security Documents or the Mezzanine Security Documents.
All other reasonable amounts paid, advanced or incurred by the Mortgagee after the occurrence and during the continuance of an Event of Default in order to secure and protect the interest of the Mortgagee under this Mortgage or the other Mortgage Security Documents shall be a like lien on the Properties and be deemed to be part of the indebtedness secured hereby.
The parties hereto agree and acknowledge that, notwithstanding the definition of Eligible Institution, Fleet shall be deemed to be an Eligible Institution for purposes of the Indenture and the Mortgage Security Documents provided that if Fleet's long-term unsecured debt rating shall not be at least A2 from Mood▇'▇ ▇▇▇ A from DCR (or, if not rated by DCR, one additional NRSRO) (or its equivalent), Fleet shall no longer be deemed an Eligible Institution unless a Rating Agency Confirmation is obtained.