Project Mortgage definition

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.

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

Examples of Project Mortgage in a sentence

The execution and delivery of any such Project Mortgage, the transfer of the leasehold estate pursuant to any foreclosure (judicial or otherwise) thereof or any deed or assignment in lieu of foreclosure, or the disposition of the leasehold estate by the holder of such Project Mortgage shall not be deemed prohibited by any provisions hereof.
The Project Mortgage shall be amended in connection with any transfer of a Registered Institutional Note to the extent necessary under Virginia law to preserve the benefits thereof.
The policies of title insurance insuring the Project Mortgage shall have been endorsed as of the Effective Date as described in Section 8.01(f) of the Amended and Restated Reimbursement Agreement.
If any provision of any Project Mortgage which constitutes a first lien on the Leased Property requires deposits of insurance premiums to be made with such Project Mortgagee, Tenant shall either pay to Landlord monthly the amounts required and Landlord shall transfer such amounts to such Project Mortgagee or, pursuant to written direction by Landlord, Tenant shall make such deposits directly with such Project Mortgagee, as described in Section 3.6 hereof.
The Administrative Agent and each Institution shall have received, with a copy for each Bank and the Issuing Bank, a true and complete copy of each of the Real Estate Documents (other than the Project Mortgage), certified by the Borrower as such on the Closing Date, each of which shall be in form and substance satisfactory to the Co-Agents and the Institutions and in full force and effect.

More Definitions of Project Mortgage

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

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

Project Mortgage means, collectively (or individually as the context may indicate), each Credit-Line Deed of Trust, Mortgage, Open-End Mortgage, Deed of Trust, Deed to Secure Debt, Leasehold Mortgage, Open-End Leasehold Mortgage, Leasehold Deed of Trust, Leasehold Deed to Secure Debt, Security Agreement, Fixture Filing, Assignment of Leases and Rents and Financing Statement or similar mortgage instrument, and any collateral assignment of any of the above items, by any Operator or any other Person granting a Lien for the benefit of any Borrower in connection with any Project heretofore, now or hereafter entered into by such Operator, as from time to time further amended, supplemented or restated.

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, (i) 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 Clearwater.

Project Mortgage. 5 (ai) "Project Mortgagee" 5

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

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;