Second Mortgages means the two (2) second priority statutory Bahamian ship mortgages and deeds of covenants collateral thereto and the one (1) second preferred US ship mortgage one (1) to be granted by respectively each of the owners of the Hermes Vessels over its Hermes Vessel in favour of the Restructuring Trustee as trustee for the Guaranteed Loan Lenders.
Second Mortgages means the two (2) second priority statutory Bahamian ship mortgages and deeds of covenants collateral thereto and the one (1) second preferred US ship mortgage one (1) to be granted by respectively each of the owners of the Hermes Vessels over its Hermes Vessel in favour of the Restructuring Trustee as trustee for the Guaranteed Loan Lenders as security pursuant hereto such mortgages and deeds of covenants to be in the forms and on the terms and conditions agreed between the Lenders and the Guarantor on the date of the Sixth Supplemental Deed;
Second Mortgages means all such instruments collectively.
Examples of Second Mortgages in a sentence
If there is a violation of the foregoing, the originating Participating Lender shall retain the First and Second Mortgages.
Neither the First nor the Second Mortgages may be closed prior to the Committed Approval Date shown in IHCDA Online.
PROPERTY SALES PRICE (from Sales Agreement)(Note: URA Deferred Second Mortgages are only available for URA funded developments such as HRP, NHP,PHDC.) List URA Down Payment request amount on line 10.
Loans Secured by Second Mortgages All loans are secured by first mortgage.
Second Mortgages Receivable - the amount owed to the City from loans made to homeowners on UDAG and CDBG CHIP grants.
More Definitions of Second Mortgages
Second Mortgages shall have the meaning set forth in Section 2.8.
Second Mortgages means, two (2) or more Second Mortgages or, as the context may require, all of the Second Mortgages in respect of the Properties.
Second Mortgages means the second priority mortgage and the deed of covenants collateral thereto executed or to be executed and recorded by the relevant Owner against each of the Units in the Bahamas Ship Register (or such other ship register acceptable to the Agent) in favour of the Agent as security for the obligations of the relevant Owner under the Finance Documents in relation to the Junior Facilities.
Second Mortgages means each of the second priority mortgages executed or to be executed and recorded by the relevant owner against the Second Vessels in the Bahamas or Liberian Ship Registry (as the case may be) in favour of the Agent (on behalf of the Finance Parties and the Swap Bank), in form and substance satisfactory to the Agent (on behalf of the Finance Parties and the Swap Bank). “Second Vessels” means: a) MT “Pequod”, a 40,632 dwt product tanker built in 1982 with IMO number 8011304, registered in the name of Isabelle Shipholdings Corp. in the Liberian Ship Registry;
Second Mortgages means that document (or those documents) identified on Exhibit B hereto as a “Second Mortgage” or a “Second Deed of Trust” executed by Borrower and encumbering the real property legally described in Exhibit C hereto.
Second Mortgages has the meaning specified in Section 4.01(h)(xv). ----------------
Second Mortgages all or any of the Second Security created or expressed to be created by or pursuant to this Deed. Second Mortgaged Assets: the assets from time to time subject, or expressed to be subject, to the Second Mortgages or any part of those assets.