PR Mortgage definition

PR Mortgage means that certain Deed of Mortgage Number 6, executed before Notary Public ▇▇▇▇ ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ on March 30, 2007 by Televicentro of Puerto Rico, LLC, as the mortgagor, as amended by that certain Deed of Amendment of Mortgage Number 6, executed before Notary Public ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ on June 28, 2011 by and between Televicentro of Puerto Rico, LLC, as the mortgagor, and The Bank of Nova Scotia, as then holder of the PR Mortgage Note. The PR Mortgage shall constitute a Mortgage pursuant to the terms of this Agreement.
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Examples of PR Mortgage in a sentence

  • Notwithstanding the foregoing, the Loan Parties represent that the PR Mortgage has been duly filed and recorded in the corresponding Section of the Puerto Rico Registry of Property (except for the Deed of Amendment, which has been filed and is pending recordation in the corresponding Section of the Puerto Rico Registry of Property).

  • This Agreement is a “Partnership Contract” under the Act and a recordable lease under the P.R. Mortgage and Property Registry Law.

  • The issued and outstanding voting shares of stock of Borrower, Merchants Bank and P/R Mortgage are owned as follows: ▇▇▇▇▇▇▇ ▇.

  • For the sole purposes of determining the fee payable in connection with the deed of elevation and the recordation of the Agreement pursuant to Article 2 of the P.R. Mortgage and Property Registry Law, the Parties agree that the Leasehold Fee, the Annual Authority Payments and the Annual Authority Revenue Share will be allocated to each year of the Term in the manner set forth in Schedule 16.

  • Without Lender’s prior written consent, Borrower will not and will cause Merchants Bank and P/R Mortgage to not amend or modify their respective Articles of Incorporation or Bylaws or other charter instruments.

  • Except for Merchants Bank, Ash Realty, LLC and P/R Mortgage, Borrower has no Affiliates.

  • The Loan Documents, so as to extend the maturity date of the Revolving Line of Credit Loan and the Note from June 1, 2018 to May 31, 2019; and (ii) amend and modify Section 8.5 Ownership of Borrower, Merchants Bank and P/R Mortgage of the Loan Agreement to read as set forth in this Agreement; (iii) to amend and modify Section 11.