Examples of Junior Mortgage Loan in a sentence

The Junior Mortgage Loan is secured by, among other things, a mortgage on the Hotel that is junior to the mortgage securing the Senior Mortgage Loan.
Junior Mortgage Loan" shall mean a Mortgage Loan secured or collateralized by a Junior Mortgage, and also includes any Subordinated Land Purchase-Leaseback.
Using the “Junior Mortgage Loan Closing Date Balance,” as shown on the Final Data File, we recalculated the “% of Junior Mortgage Loan Closing Date Balance” of the Junior Trust Notes.
The Holder of the ABC Junior Mortgage shall retain its mortgage lien under the Junior Mortgage Loan with the priority thereof as of the Petition Date, pursuant to section 1129(b)(2)(A)(i)(I) of the Bankruptcy Code, until the Allowed Class 3 Claim is satisfied, as set forth herein.
The amounts of the Senior and Junior Mortgage Loan claims include principal and interest as of July 20, 2017, as stated by ABC in its proof of claim (Claim No. 9).

More Definitions of Junior Mortgage Loan

Junior Mortgage Loan. Not applicable.

Junior Mortgage Loan. Any Mortgage Loan with respect to which the related Security Instrument constitutes a lien of other than first priority on the related Collateral.

Junior Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is an REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the terms "Initial Mortgage Loan", "Subsequent Mortgage Loan" and "Qualified Replacement Mortgage".

Junior Mortgage Loan means a performing mortgage loan evidenced by one or more junior promissory notes or a participation interest evidenced by a certificate of participation in a stabilized or transitional commercial, multifamily fixed or floating rate mortgage loan evidenced by a promissory note, in each case secured by first liens on multi-family or commercial properties.

Junior Mortgage Loan means any Existing Mortgage Loan, New Production Mortgage Loan or Pipeline Loan financed or to be financed hereunder and which is secured other than by way of a first ranking legal mortgage or first ranking Standard Security.

Junior Mortgage Loan means any Mortgage Loan which is secured other than by way of a first ranking legal mortgage or first ranking Standard Security.

Junior Mortgage Loan. Any Mortgage Loan that is secured by a second lien on or second priority security interest in the related Mortgaged Property.