Original Mortgagor definition

Original Mortgagor s obligations under the Original Agreement or any other agreement between the Holder and the Original Mortgagor. Mortgagor's obligations to Holder are embodied in this Agreement, the Subordinated Mortgage and in other express written agreements or undertakings of the Mortgagor with or to Holder. Without limiting the foregoing, Mortgagor shall have no obligation to pay any Additional Interest to Holder or to pay any documentary stamps or intangible tax on the subordinated mortgage executed by the Original Mortgagor securing the Original Agreement or the Subordinated Mortgage.
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Original Mortgagor means and be defined as Roberts Properties Residential, L.P. only, and shall not include ▇▇▇ transferee of the Premises encumbered by this Mortgage from the said Roberts Properties Residential, L.P. who or which may have previo▇▇▇▇ been approved by State Farm as a transferee of the Premises pursuant to this Section 3.11) shall have the right, subject to the provisions of subparagraph (g) below, one time and one time only, to sell and transfer title to the Premises encumbered by this Mortgage (and without any right on the part of State Farm to change the material provisions of the Loan Documents, including, without limitation, the interest rate, the payment terms, the maturity date and/or the collateral for the Loan as currently provided) to another party (hereinafter referred to as a "Transferee") if and when, and only if and when, and provided that, prior to any such proposed sale or transfer, each of the following conditions are satisfied and fulfilled, to wit:
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Examples of Original Mortgagor in a sentence

  • Each of the Original Mortgagor, Guarantor, New Mortgagor and New Guarantor hereby acknowledges and consents to the release of the Releasee as set out in Clause 1 above.

  • Each of the Mortgagee, Original Mortgagor, Guarantor, New Mortgagor and New Guarantor confirms that the release of the Releasee shall not alter or prejudice the rights and priorities of the Mortgagee as against the Original Mortgagor, Guarantor, New Mortgagor, New Guarantor or any other surety, other than the Releasee, or any subsequent encumbrancer or other person whomsoever interested in the Property or liable for the monies secured by the Mortgage or any part thereof and not a party hereto.

  • All machinery, equipment, furniture, fixtures (as defined in the Massachusetts Uniform Commercial Code) owned by the Original Mortgagor and now or hereafter placed in or on the Mortgaged Property.

  • Assignment of Rents" shall mean the ------------------- Assignment of Rents, dated as of May 11, 1988, between Original Mortgagor and Mortgagee, recorded in the Register's Office on May 18, 1988 in Reel 1403, Page 1886, as amended by the 1995 Amendment, and as amended further by the 1997 Amendment, as may be further amended, modified or supplemented from time to time.

  • Each of the Mortgagee, Original Mortgagor, Guarantor, New Mortgagor and New Guarantor confirms that the release of the Releasee shall not alter or prejudice the rights of the Original Mortgagor, Guarantor, New Mortgagor, New Guarantor, any other surety, subsequent encumbrancer or other person all of which rights and priorities are hereby reserved.

  • In connection with -------------------------- the 1995 Modification, Original Mortgagor delivered to Mort- gagee an Environmental Questionnaire and Certificate (the "En- --- vironmental Certificate"), dated October 30, 1995, a copy of ----------------------- which has been delivered to Mortgagor.

  • THIS AGREEMENT shall enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of each and every party hereto and wherever the singular and masculine genders are used in this Agreement the same shall be construed as meaning the plural and feminine or neuter genders where the fact or context so requires, and all covenants of the Original Mortgagor hereunder shall be joint and several.

  • Tax Processing Agreement" shall mean ------------------------ the Tax Processing Agreement, dated as of May 10, 1988, between Original Mortgagor and Mortgagee, as amended by the 1995 Amend- ment and 1997 Amendment, and as may be further amended, modi- fied or supplemented from time to time.