Senior Mortgagee definition

Senior Mortgagee means the “Lender” as defined in the Senior Mortgage. When any other person or entity becomes the legal holder of the Senior Note, such other person or entity will automatically become Senior Mortgagee.
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Senior Mortgagee means the entity named as such in the first paragraph of this Agreement and any other person or entity who subsequently becomes the obligor under the Credit Enhancement Agreement.
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Senior Mortgagee means the Senior Mortgagee named herein, its successors and/or assigns.
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Examples of Senior Mortgagee in a sentence

  • Subject to the provisions of this Lease directing the application of such funds, the Senior Mortgagee may reserve the right to apply to its Leasehold Mortgage debt all, or any part, of Tenant’s share of the proceeds from any insurance policies or any Condemnation Award arising from a Condemnation pursuant to the provisions of such Leasehold Mortgage.

  • However, Subordinate Mortgagee acknowledges that all amounts advanced or expended by Senior Mortgagee in accordance with the Senior Loan Documents or to cure a Subordinate Mortgage Default will be added to and become a part of the Senior Indebtedness and will be secured by the lien of the Senior Mortgage.

  • Senior Mortgagee will not be subrogated to the rights of Subordinate Mortgagee under the Subordinate Loan Documents by reason of Senior Mortgagee having cured any Subordinate Mortgage Default.

  • The court agreed with the latter interpretation, finding that the Subordinate Bondholders “were required under the financing documents to obtain the written consent of the Senior Mortgagee [UMB Bank] .

  • For example, UMB Bank was a backer of the redevelopment venture in the guise of Senior Mortgagee, along with Freddie Mac.


More Definitions of Senior Mortgagee

Senior Mortgagee means Northern Shipping Fund III LP, a limited partnership formed in Delaware, United States of America, acting through its office at One Stamford Landing, Suite 212, 00 Xxxxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000, X.X.X.;
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Senior Mortgagee means Amsterdam Trade Bank N.V., a company incorporated in The Netherlands acting through its office at Xxxxxxxxxxx 000, Xxxxxxxxx, 0000 XX, Xxx Xxxxxxxxxxx.
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Senior Mortgagee means the holder of a Senior Mortgage.
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Senior Mortgagee means Bank of Montreal, as administrative agent and mortgagee under the Senior Mortgage.
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Senior Mortgagee means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Senior Note after the date of this Agreement.
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Senior Mortgagee means the holder, of, or beneficiary under, from time to time the most senior Mortgage against Landlord's interest in the Premises.
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Senior Mortgagee means CoBank, ACB, as Administrative Agent for the Banks party to the Senior Loan Agreement.
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