Mortgaged Properties definition

Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

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Mortgaged Properties means, initially, the owned real properties of the Loan Parties specified on Schedule 1.01(b), and shall include each other parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 5.11.

Mortgaged Properties has the meaning specified in paragraph (f) of the definition of Collateral and Guarantee Requirement.

Examples of Mortgaged Properties in a sentence

In the event that any Loan proceeds are used to build-out additional dispensaries (other than that located at the Mortgaged Properties), the Borrowers shall grant Lender a security interest in such equipment and improvements financed with such proceeds.
Each of the Borrower and its Material Subsidiaries has good and marketable title to the Mortgaged Properties, and, to the knowledge of the Borrower, has good and valid title to, or a valid leasehold interest in, all its other material property and none of such property is subject to any Lien except Permitted Liens.
No Borrower or Primary Guarantor shall engage in any business other than the business of developing, constructing, managing, operating and/or owning (directly or indirectly) the Mortgaged Properties for the Permitted Uses.

More Definitions of Mortgaged Properties

Mortgaged Properties has the meaning set forth in the definition of “Collateral and Guarantee Requirement.”

Mortgaged Properties the real properties as to which, pursuant to Section 6.12(b) or otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages.

Mortgaged Properties refers solely to the Mortgaged Properties (within the meaning of the Pooling and Servicing Agreement) securing such Mortgage Loans; and “Mortgagors” refers solely to the “Mortgagors” (within the meaning of the Pooling and Servicing Agreement) with respect to such Mortgage Loans.

Mortgaged Properties means the parcels of real property identified on Schedule 5.08(b) and any other Material Real Property with respect to which a Mortgage is required pursuant to Section 6.12.

Mortgaged Properties shall have the meaning assigned to such term in the recitals.

Mortgaged Properties has the meaning assigned to it in Annex D.

Mortgaged Properties means each Material Real Property encumbered by a Mortgage pursuant to Section 5.10.