Mortgaged Property or Mortgaged Properties definition

Mortgaged Property or Mortgaged Properties means any owned property of an Obligor that is or will become encumbered by a Mortgage in favor of the Agent in accordance with the terms of this Agreement. Multiemployer Plan: any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which an Obligor or ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.
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Mortgaged Property or Mortgaged Properties means any and all lots or
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Mortgaged Property or Mortgaged Properties. The Hotel Properties which are security for the Obligations and any Hedge Obligations pursuant to the Mortgages.
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Examples of Mortgaged Property or Mortgaged Properties in a sentence

  • The Mezzanine Loan is secured by a pledge of 100% of the direct or indirect equity interests the entity or entities that own the related Mortgaged Property or Mortgaged Properties.

  • Notwithstanding the foregoing provisions, however, in the event of a material change of the type referred to in clause (iii), the Borrower shall not be required to pay for Appraisals of the affected Mortgaged Property or Mortgaged Properties more often than once in any twelve (12) month period.

  • C-13 of such Mortgaged Property or Mortgaged Properties, or any indebtedness other than as permitted by the related Mortgage(s) or the other related Mortgage Loan documents, that it has its own books and records and accounts separate and apart from those of any other person (other than a Mortgagor for a Mortgage Loan that is cross-collateralized and cross-defaulted with the related Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from any other person or entity.

  • C-13 such Mortgaged Property or Mortgaged Properties, or any indebtedness other than as permitted by the related Mortgage(s) or the other related Mortgage Loan documents, that it has its own books and records and accounts separate and apart from those of any other person (other than a Mortgagor for a Mortgage Loan that is cross-collateralized and cross-defaulted with the related Mortgage Loan), and that it holds itself out as a legal entity, separate and apart from any other person or entity.

  • Such Mezzanine Loan is a whole Mezzanine Loan secured by Equity Collateral consisting of 100% of the equity interests in the entity or entities that own the related Mortgaged Property or Mortgaged Properties.

  • Each such policy shall insure Lender that each such Mortgage creates a valid and enforceable first priority Mortgage on the Mortgaged Property or Mortgaged Properties encumbered thereby, free and clear of all exceptions from coverage other than Permitted Encumbrances and exclusions from coverage (as modified by the terms of any endorsements or other affirmative insurance), and name Lender and its successors and assigns as the insured party thereunder.

  • Such Mezzanine Loan is a whole Mezzanine Loan secured by Equity Collateral consisting of one hundred percent (100%) of the direct or indirect equity interests in the entity or entities that own directly or indirectly the related Mortgaged Property or Mortgaged Properties.

  • The terms "Mortgaged Property" or "Mortgaged Properties" shall be construed to be followed by the phrase "or any part or portion thereof".

  • The Borrower represents and warrants that, to its knowledge and belief, no Default or Event of Default has occurred and is continuing on the date hereof, and that each of the representations and warranties contained in ss.6.18, in ss.6.20 and in ss.6.22 of the Credit Agreement (with each reference therein to the terms "Mortgaged Property" or "Mortgaged Properties" being deemed to include the Southwest Gas Building) are true and accurate as of the date hereof with respect to the Southwest Gas Building.

  • Such Mezzanine Loan is a whole Mezzanine Loan secured by Equity Collateral consisting of 100% of the direct or indirect equity interests in the entity or entities that own directly or indirectly the related Mortgaged Property or Mortgaged Properties.


More Definitions of Mortgaged Property or Mortgaged Properties

Mortgaged Property or Mortgaged Properties means all lots or parcels of land which any Borrower or any Guarantor owns on the Closing Date or which it may hereafter acquire and which has not been granted as collateral for Indebtedness other than the Credit Facilities as permitted by Section 7.15, and all improvements, fixtures and personal property located thereon and all other property referenced in and subject to the Mortgages. The Mortgaged Property is intended to include all of the above- described real property whether or not a Mortgage is actually granted or filed. A list of the Mortgaged Properties owned by the Borrowers and the Guarantors as of the date hereof is attached hereto as Schedule 16.
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Mortgaged Property or Mortgaged Properties. The Land, Buildings, Fixtures, Personalty, Encumbered Leases, Leases and Rents together with:
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Mortgaged Property or Mortgaged Properties means any and all lots or parcels of land which the Borrower or any REO Affiliate owns on the date of this Agreement or which it may hereafter acquire as part of an Asset Portfolio or any Underlying Real Estate which the Borrower or any REO Affiliate may hereafter own as a result of a foreclosure or deed-in-lieu of foreclosure or otherwise, and improvements, fixtures and personal property located thereon and all other property referenced in and subject to the Mortgages. The Mortgaged Property is intended to include all of the above-described real property whether or not a Mortgage is actually granted or filed.
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Mortgaged Property or Mortgaged Properties means any and all lots or parcels of land which Borrower or any REO Affiliate owns on the Closing Date or which it may hereafter acquire as part of an Asset Portfolio or any Underlying Real Estate which Borrower or any REO Affiliate may hereafter own as
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Related to Mortgaged Property or Mortgaged Properties

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Leased Properties has the meaning set forth in Section 3.1(n)(ii).

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Collateral Pool means all of the Collateral.