Project Mortgage definition

Project Mortgage means a blanket mortgage insured under section 213 of the Act, covering a group of not less than five single-family dwellings.

Project Mortgage the Credit Line Deed of Trust, Assignment and Security Agreement made by the Borrower, as Grantor, to Lawyers Title Insurance Corporation, as trustee for the use and benefit of the Security Agent, as Beneficiary, substantially in the form of Exhibit E of the Project Loan Agreement, as amended, supplemented or otherwise modified from time to time.

Project Mortgage means a mortgage or deed of trust and security agreement securing the payment of the Project Loan and evidencing a first lien on the Project.

Examples of Project Mortgage in a sentence

• Application procedures for offers to sell Project Mortgage Loans shall be set forth in the Policies and Procedures established by the MFA in accordance with paragraph 4.6 of these Rules and Regulations.

• Accounting of any construction expenses shall be in accordance with HUD Handbook 4470.1, Mortgage Credit Analysis for Project Mortgage Insurance, Section 207.

• Identifies the use of grant/loan funds on Form HUD-92013, Application for Project Mortgage Insurance.

• Unless otherwise directed by HUD, the Re-siding Project Mortgage may not be repaid prior to January 2019, and any prepayment between January 2019 and December 2028 requires the Company to pay Wells Fargo a prepayment penalty of between 10% and 1% of the prepayment amount, depending on the prepayment date.

• Processing of requests for disbursements shall be in accordance with procedures stated in Handbooks 4470.1 REV, Mortgage Credit Analysis for Project Mortgage Insurance, Section 207, and 4480.1, Multifamily Underwriting Reports and Forms Catalog, except as modified here.

More Definitions of Project Mortgage

Project Mortgage means (i) each mortgage, deed of trust or assignment of leases and agreements given by the Borrower for the benefit of the Lender, substantially in the form of Exhibit E hereto, and (ii) any other mortgage, deed of trust or other Instrument by which the Lender obtains a Lien in or on any ownership or leasehold interest in any real property, mineral rights or other property or assets of the Borrower to secure the Obligations, together with all amendments, modifications, supplements, extensions, revisions and restatements thereof in accordance with its terms.

Project Mortgage. Any Encumbrance placed upon Landlord's interest in a Property.

Project Mortgage means collectively (a) any deed(s) of trust and other collateral security instruments (including, without limitation, financing statements, security agreements and other documentation required pursuant to applicable California law, and any absolute or conditional assignments of rents and subleases) serving as security for one or more development loans, construction loans and/or permanent loans which directly encumber the Assets, together with any modification, substitution, amendment, extension, increase, refinancing, replacement or recasting thereof and (b) any instruments required in connection with an assignment-leaseback transaction involving the Assets; provided, however, in no event shall any such Project Mortgage encumber the Excluded Assets or other rights or interests reserved by Venoco in the Conveyance Documents, and (ii) in no event shall the term "Project Mortgage" include any deed(s) of trust or other collateral security instruments or other instruments described in clauses (a) or (b) of this definition if the same are held by an Affiliate of Buyer.

Project Mortgage means the Deed of Trust made in favor of the Bank by the Owner.

Project Mortgage means the Mortgage and Security Agreement dated as of March 1, 1996, from Xxxxxx to the Bank relating to the Project.

Project Mortgage means a mortgage loan forming part of the Mortgage Commitment requested by a JV Limited Partnership in respect of a Project and approved by the Lender in accordance with this Commitment Agreement;

Project Mortgage shall have the meaning set forth in the Amended and Restated Reimbursement Agreement.