Second Mortgagee definition

Second Mortgagee. Means the bank or trust company designated as second mortgagee under the Second Mortgage together with any successor to such second mortgagee appointed pursuant thereto.
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Second Mortgagee means Maas Capital Investments B.V., a company incorporated under the laws of The Netherlands whose registered office is at Coolsingel 93, 3112AE, Rotterdam, The Netherlands and includes its successors in title, assignees or transferees;
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Second Mortgagee means (I) Long Island Development Corp. and/or the U.S. Small Business Administration, (Ii) its successors or assigns, or (iii) any surviving, resulting or transferee banking institution authorized to do business in the State.,
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Examples of Second Mortgagee in a sentence

  • The final mortgage rate will be subject to final approval by the Referred Second Mortgagee.

  • The Purchaser is advised to enquire with the first mortgagee bank/financial institution and Padraic Finance Limited, the service agency of the Referred Second Mortgagee on details of the terms and conditions of the mortgages, approval conditions and application procedures of the first mortgage and the Second Mortgage before choosing this arrangement.

  • No representation, undertaking or warranty, whether express or implied, is given, or shall be deemed to have been given by the Vendor or the Person so Engaged in respect thereof.4. All legal documents in relation to the Second Mortgage must be prepared by the solicitors’ firm designated by the Referred Second Mortgagee.

  • The Vendor and Country Garden (Hong Kong) Property Agency Limited shall not be involved in any dispute between the purchaser and the Referred Second Mortgagee.

  • The final mortgage rate will be subject to final approval by the Second Mortgagee.

  • The Referred Second Mortgagee will decide the loan amount to be granted to the purchaser after considering the result of the credit assessment of the purchaser and his guarantor (if applicable).

  • For the following years, the interest rate of the Second Mortgage shall be the Prime Rate (P) quoted by the Second Mortgagee plus 1.5% (P+1.5%).

  • The Referred Second Mortgagee shall have the final right to decide whether or not to grant the 101 Second Mortgage Loan.

  • The Vendor and Wang On Properties Agency Limited shall not be involved in any dispute between the purchasers and the Second Mortgagee.

  • The terms and conditions and approval conditions of the Second Mortgage are for reference only, the Referred Second Mortgagee reserves the right to change the terms and conditions and approval conditions of the Second Mortgage from time to time as it sees fit.


More Definitions of Second Mortgagee

Second Mortgagee means any party named in the description of Class 4 hereinbelow as being the presumptive owner and holder of a promissory note and second mortgage with respect to a Unit in the Condominium.
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Second Mortgagee means Wilmington Trust Company, not in its individual capacity, except as expressly stated in the Second Mortgage, but solely as second mortgagee.
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Second Mortgagee means 1250810 Alberta Ltd.;
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Second Mortgagee means ABN AMRO Bank N.V., a company incorporated in the Netherlands whose registered office is at Xxxxxx Xxxxxxxxxx 00, 0000 XX Xxxxxxxxx, Xxx Xxxxxxxxxxx, acting through its office at Xxxxxxxxxx 00, 0000 XX Xxxxxxxxx, Xxx Xxxxxxxxxxx, as security agent and trustee for and on behalf of the Secured Creditors (as defined in the Second Mortgage);
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Related to Second Mortgagee

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • First Mortgagee means the holder of any First Mortgage.

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • FHA Approved Mortgagee A corporation or institution approved as a mortgagee by the FHA under the Act, and applicable HUD regulations, and eligible to own and service mortgage loans such as the FHA mortgage loans.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Mortgagor The obligor on a Mortgage Note.

  • Successor Landlord shall have the meaning given such term in Section 20.2.

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Superior Landlord means the person for the time being who owns the interest in the Premises which gives him the right to possession of the Premises at the end of the Landlord’s lease of the Premises.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Special Hazard Mortgage Loan A Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • the Landlord includes the person for the time being entitled to the reversion immediately expectant on the determination of the Term;

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Destroyed Mortgage Note A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.