Approved Mortgage definition

Approved Mortgage and “Approved Mortgagee” have the meanings given to them in Clause 56;

Approved Mortgage means a Mortgage which at the date it is accepted into the Fund shall:

Approved Mortgage means the Mortgage and any other lien or encumbrance approved by Manager pursuant to Article VI of this Agreement. Approved Mortgagee shall mean the lender making the loan secured by any Approved Mortgage.

Examples of Approved Mortgage in a sentence

• Nothing herein shall require Buyer to obtain mortgage financing from an Approved Mortgage Lender.

• If Buyer is not required to apply for the Loan(s) with an Approved Mortgage Lender, the Loan Denial Letter may be from any institutional mortgage lender licensed to do business in Georgia.

• If an Approved Mortgage Lender(s) is identified below, Buyer shall apply for approval of the Loan(s) with at least one such Approved Mortgage Lender.

• Unless an Approved Mortgage Lender is identified below, Buyer may apply for approval of the Loan(s) with any institutional mortgage lender licensed to do business in Georgia.

• If Buyer has agreed to apply for the Loan(s) with an Approved Mortgage Lender, the Loan Denial Letter must be from an Approved Mortgage Lender.

More Definitions of Approved Mortgage

Approved Mortgage means a registered first mortgage over Land, situated in any State, granted or transferred (whether legally or equitably) to the Trustee (and which may be subject to any prior statutory charges and any prior charges of a body corporate, service company or equivalent, whether registered or otherwise, which, in the opinion of the Manager, do not prevent the mortgage from being considered a first ranking mortgage in accordance with standard lending practice in the relevant State at the time that the mortgage is granted or transferred to the Trustee) and securing the repayment of a Loan and the payment of interest and all other moneys in respect of a Loan, and includes, where the context permits, the Loan itself.

Approved Mortgage means a mortgage which the Commission is satisfied, after affording the parties thereto an opportunity of making representations to the Commission (whether in writing or on being heard by a person appointed by the Commission)-

Approved Mortgage means a mortgage in respect of which the custodian reasonably believes that the mortgage can be discharged on demand or within twenty eight days by repayment of all the money secured by the mortgage (including where appropriate, any additional sum provided for under the mortgage) and that the mortgage is a "non-recourse" mortgage, that is to say that there is no property on which the mortgage is secured, whether immediately or contingently, other than the immovable in question;

Approved Mortgage means a mortgage and/or charge of the Property with a Lender granted in conjunction with the entry into this Agreement with a Lender who has advanced a loan for the purposes of acquiring the Property or any further mortgage and/or charge approved by the Housing Authority as provided in clause 3.2;

Approved Mortgage means a mortgage, charge or other encumbrance of the Project approved by the Executive Director, Housing Secretariat;

Approved Mortgage means an Encumbrance on:

Approved Mortgage means a mortgage loan in a principal amount not to exceed $2,000,000, with an interest rate equal to the lowest of (a) the actual interest rate under Employee’s mortgage and (b) 7% per annum.