Mortgage Subordination definition

Mortgage Subordination means the subordination of the lien of the Mortgage to the Condominium Declaration.
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Mortgage Subordination has the meaning ascribed thereto in Section 4.4. "Money Laundering Laws" has the meaning ascribed thereto in Section 7.1(jj).
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Examples of Mortgage Subordination in a sentence

  • Within two (2) business days following the Effective Date, Lessor shall request the Fee Mortgage Subordination or Fee Mortgage Release from each such mortgagee.

  • Bank agreed to subordinate the Mortgages to the liens of certain real property mortgages as furthered described in that certain Mortgage Subordination Agreement dated January 28, 1998 by and among Borrower, PIDC, the Commonwealth of Pennsylvania acting by and through the Department of Community and Economic Development, and Bank.

  • Move to: Adopt Resolution approving execution of a Mortgage Subordination Agreement regarding refinancing for Summit Place.

  • The Seller shall have executed and delivered to the Administrative Agent a Seller Mortgage Subordination Agreement in the form annexed hereto as Exhibit L.

  • Pursuant to a Mortgage Subordination Agreement of even date, the Bank agrees to subordinate the liens of its mortgages to the Mortgage to the extent the Bank's lien exceeds $910,000.

  • PBGC hereby expressly approves the Junior Interest of American Republic Investment Co. in certain real estate owned by Two Commerce LLC, as described in, and as modified by, the Mortgage Subordination Agreement, dated as of the Effective Date, between PBGC and American Republic Investment Co.

  • For further information, see the guide Mortgage Subordination and the accompanying Model Mortgage Subordination with Commentary.

  • CPI Seller Guaranty Amendment L Seller Mortgage Subordination Agreement M.

  • For further information, see the guide Mortgage Subordination and the Model Mortgage Subordination and Commentary.