Existing Mortgage definition

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

Existing Mortgage means that certain Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of February 24, 2017 by Odyssey Drive I, Ltd. in favor of the Collateral Agent with respect to the Alabama Property, as amended.

Existing Mortgage has the meaning provided in Schedule 3 to the Participation Agreement.

Examples of Existing Mortgage in a sentence

• Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 27 an assumption fee of $ .

• Cash Conventional VA FHA Other (specify) 24 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 25 with the following terms: ___________________ 26 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus ____________________.

• Cash Conventional VA FHA USDA Other (specify) 27 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 28 with the following terms: 29 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 30 an assumption fee of $ .

• Mortgagee's Certificate or Letter as to Existing Mortgage; Statement of Board of Managers as to Unpaid Common Charges: Seller agrees to deliver to Purchaser at Closing a certificate dated not more than thirty (30) days before Closing signed by the holder of each existing mortgage, in form for recording, certifying the amount of the unpaid principal and interest, date of maturity, and rate of interest.

• Cash Conventional VA FHA Other (specify) 26 Seller Financing: Seller will hold a purchase money mortgage in the amount of $ 27 with the following terms: 28 Assumption of Existing Mortgage: Buyer may assume existing mortgage for $ plus 29 an assumption fee of $ .

More Definitions of Existing Mortgage

Existing Mortgage has the meaning set forth in Section 3.6.

Existing Mortgage means the Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and Financing Statement, dated as of September 4, 2014, between the Company and the Purchasers pursuant to which the Company conveyed a mortgage to the Lender (as defined therein) on certain leases and leasehold estates in Kansas, which mortgage has been filed in the Register of Deeds in Wxxxxx County in Kansas on October 20, 2014 and recorded in Book 374 at Page 712.

Existing Mortgage shall have the meaning assigned to such term in Section 15.1.

Existing Mortgage means an agreement, including, but not limited to, a mortgage, deed of trust or any other document, creating and evidencing a second priority Lien on a Mortgaged Property securing the Existing Notes, in each case, with such schedules and including such provisions as shall be necessary to conform such document to applicable local or foreign law or as shall be customary under applicable local or foreign law.

Existing Mortgage means that certain Open-End Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing (Secures Future Advances), dated as of July 31, 2013, by PESRM, as mortgagor, to MLC (as assignee of JPMVEC), as mortgagee, as amended and restated by the Amended and Restated Mortgage as of the Effective Date.

Existing Mortgage means the mortgage, dated as of the Original Closing Date and executed and delivered pursuant to Section 5.1.7 of the Existing Credit Agreement.

Existing Mortgage means, collectively, the mortgage and security agreement, assignment of rents and leases and/or similar documents, encumbering the Land, executed by the Company for the benefit of Morgxx Xxxnxxx Xxxtgage Capital, Inc. ("Lender") securing indebtedness ("Existing Indebtedness") in the original principal amount of Twelve Million Dollars ($12,000,000), and certain UCC filings executed by the Company in connection therewith, showing the Company as debtor and the Lender as the secured party.