Existing Mortgage Loan definition

Existing Mortgage Loan means a loan secured by a Mortgage or Deed of Trust made by a Mortgage Lender to: (i) a Person of Low or Moderate Income to finance the purchase of an owner-occupied single family residence in the state; or (ii) to a person or entity to finance multiple-family, transitional and congregate dwelling projects for persons and families of low or moderate income, which loan was made prior to the date of submission by the Mortgage Lender of its Application.

Existing Mortgage Loan means the loan from U.S. Bank National Association secured by the Existing Mortgage.

Existing Mortgage Loan means the mortgage loan in the initial principal amount of $34,000,000 made by Jxxx Hxxxxxx Life Insurance Company to Dxxxxxxx, the proceeds of which were used by Dxxxxxxx to finance the purchase of the Distribution Center, which loan matures in July 2023.

Examples of Existing Mortgage Loan in a sentence

• The Court has before it the Debtors’ Assented Emergency Motion for Approval of Loan Modification of Existing Mortgage Loan on Home (Doc.

• If the 20-day working limit cannot be met, the supervisor will meet with the employee to agree on a reasonable time limit. In accordance with applicable collective bargaining agreements, employees may have the right to request and receive union representation during the reasonable accommodations process.

• As of the date of this Agreement, the unpaid principal balance of the Existing Mortgage Loan is $ .

• Accordingly, the obligations of Investor under this Agreement shall not be subject to or conditioned upon obtaining any other consent ofany kind from the Existing Lenders (or any one of them) or the ability of Investor to close the loan assumption transactions for the Existing Mortgage Loan and the Existing Mezzanine Loans or any of the other transactions described in the Existing Lender Consent Letter Agreement (collectively, the “Loan Assumption”).

• Evidence that the Company has paid, or caused the payment, to Existing Lender of an amount equal to the then outstanding principal amount of the Existing Mortgage Loan (equal to $112,000,000.00) pursuant to the requirements of Section 2.5. (e) Mortgage Loan Documents.

More Definitions of Existing Mortgage Loan

Existing Mortgage Loan. As defined in Section 15.4.

Existing Mortgage Loan means that certain mortgage loan from Existing Mortgage Lender to Contributor, in the original principal amount of $120,000,000, made pursuant to the Existing Mortgage Loan Agreement.

Existing Mortgage Loan. That certain loan in the aggregate principal amount of $64,640,000, evidenced by four promissory notes dated December 31, 1990, made by Seller, as maker, to UBS Mortgage Finance Inc. ("Lender") in the original principal amounts of $28,441,600, $13,574,400, $13,574,400 and $9,049,600, respectively.

Existing Mortgage Loan. ’ means a Mortgage Loan relating to an Existing Mortgage Receivable;

Existing Mortgage Loan means that certain mortgage loan evidenced by (i) that certain Promissory Note dated as of April 1, 2008 (the “Existing Note”) by Seller, as borrower (“Borrower”) in favor of PB Capital Corporation, a Delaware corporation (“Lender”), as agent for the lenders more particularly set forth in the Existing Loan Agreement (defined below), (ii) that certain Loan Agreement dated April 1, 2008 (the “Existing Loan Agreement”) by and between Seller, as Borrower, and Lender, and (iii) those certain other loan documents described as “Loan Documents” in the Existing Loan Agreement (collectively, with the Existing Note and the Existing Loan Agreement, the “Existing Loan Documents”). ii. As of, and subject to consummation of, the Closing, Seller hereby assigns to Purchasers, and Purchasers hereby assume, the then unpaid principal balance of the Existing Mortgage Loan under the Existing Note pursuant to the Existing Mortgage Loan Assumption and on the terms described in the Amended and Restated Loan Agreement to be entered into at the Closing by and among the Purchasers and Lender (the “Closing Loan Balance”), and Seller shall pay and satisfy all accrued but unpaid interest due under the Existing Mortgage Loan as of 11:59 p.m. on the day before the Closing. If and when requested, each Purchaser and Seller agree to create and execute a separate assignment and assumption document evidencing the implementation of this Section 2(f)(ii) to an individual Property or the Properties. iii. Purchasers shall pay any and all fees and/or costs associated with Purchasers’ assumption of the Existing Mortgage Loan (which would not be payable by Seller if the Existing Mortgage Loan had been paid in full as of the Closing). iv. The occurrence of the Existing Mortgage Loan Assumption is not a condition precedent to Purchasers’ obligation to close. v. At the Closing, Purchasers shall cause Lender to deliver (through Escrowee) to Seller that certain Letter Agreement in the form of Exhibit F attached hereto. g. Seller’s Indemnity. The indemnity in favor of each Purchaser contained in Section 11.1.2 of the Original Agreements shall cover any and all claims with respect to the periods prior to the Closing, and any other related claims with respect to the periods prior to the Closing, raised by Xxxxx Fargo in its letter dated January 16, 2013, which indemnity survives the Closing. h.

Existing Mortgage Loan means that certain mortgage loan in the principal amount of $710,000,000.00 made on February 25, 2013 by German American Capital Corporation and Bank of America, N.A, as co-lenders, to Existing Mortgage Loan Borrower, and evidenced and secured by the Existing Mortgage Loan Documents.

Existing Mortgage Loan means the approximately $20,000,000 loan from Xxxxxxx National Life Insurance Company outstanding on the Fourth Amendment Effective Date and secured by the Existing Mortgage.