Seller Mortgage definition

Seller Mortgage means any mortgage or deed of trust granted or assumed by Seller and encumbering the Property or any portion thereof.

Seller Mortgage means any mortgage or deed of trust granted or assumed by Seller and encumbering the Real Property or any portion thereof or any other lien securing the payment of a liquidated sum of money voluntarily created by Seller, but shall not include any mortgage that Purchaser elects to assume at the Closing.

Seller Mortgage has the meaning set forth in Section 3.05.

Examples of Seller Mortgage in a sentence

• Each of the following representations and warranties with respect to the Seller Mortgage Loans set forth in the indicated clauses of Section 3.1 or Section 3.2 of the MLPA is hereby deleted in its entirety: No deletions.

• Notwithstanding anything to the contrary set forth in the MLPA, with respect to the Seller Mortgage Loans, the representations and warranties set forth in Section 3.1 and Section 3.2 of the MLPA shall be subject to the exceptions, if any, set forth on Schedule III to this Term Sheet.

• Section 3.1 of the MLPA is hereby amended to add the following additional representations and warranties with respect to the Seller Mortgage Loans: (xxx) At the time of origination of the Mortgage Loan, no improvements located on or being part of the Mortgaged Property were in violation of any applicable zoning and subdivision laws or ordinances.

• The agreement of Seller to sell to Purchaser and of Purchaser to purchase from Seller, Mortgage Loans on a particular Closing Date shall be evidenced by the execution of a Purchase Price and Terms Letter.

• Notwithstanding anything to the contrary set forth in theMLPA, with respect to the Seller Mortgage Loans, the representations and warranties set forth in Section 3.1 and Section 3.2 of the MLPA shall be subject to the exceptions, if any, set forth on Schedule III to this Term Sheet.

More Definitions of Seller Mortgage

Seller Mortgage means the Indenture of Mortgage, dated as of December 1, --------------- 1940, executed by Sierra Pacific Power Company, as supplemented and amended to the date hereof, in favor of The New England Trust Company and Xxx X. Xxxxxx (State Street Bank and Trust Company and Xxxxxx X. Xxxxxxx, by succession), as trustees, as the same may be further amended and supplemented from time to time.

Seller Mortgage means any monetary Encumbrance granted, assumed or taken subject to by any Seller (or any predecessor in interest to any Seller), including, without limitation any UCC Financing Statement, that encumbers any Seller’s interest in any of the Assets; excluding, however, subject to Section 3.4(b) through Section 3.4(d), the Financing Documents.

Seller Mortgage has the meaning set forth in Section 5.9(b).

Seller Mortgage means any mortgage or deed of trust and all related security documents granted by Seller and encumbering the Property.

Seller Mortgage shall have the meaning assigned thereto in Section 2.2.

Seller Mortgage means the Mortgage Deed , Assignment of Leases and Security Agreement dated June 30, 1998 executed by Second Borrower in favor of Geraxx X. Xxxxxx, Xxmex X. Xxxxxx xxx Michxxx X. Xxxxxx xx secure the Seller Note covering the real property of Second Borrower located at 17 and 21 Sxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxxx.

Seller Mortgage has the meaning set forth in Section 5.9(b). "Seller's Accountant" has the meaning set forth in Section 2.3(b). "Seller's Environmental Plan" means Seller's plan with respect to Remedial Action, if any, in connection with the Business Real Property as specifically set forth in the following documents, as such documents may be or have been from time to time modified, supplemented, superseded, or amended (with respect to the matters identified therein) as required by the LDEQ: