Refinancing Mortgage definition

Refinancing Mortgage has the meaning specified in Section 12.21.

Refinancing Mortgage means a mortgage that secures the amount of the balance outstanding immediately before the execution of that mortgage under an earlier duly stamped mortgage to the same borrower (whether or not over the same property) that is discharged or to be discharged as part of the arrangements for the new mortgage.

Refinancing Mortgage has the meaning assigned to such term in Section 5.08.

Examples of Refinancing Mortgage in a sentence

• Unless otherwise directed by Borrower, any prepayments made by the Borrower shall be applied first to any and all Loans outstanding that are not secured by a Refinancing Mortgage, and only to Loans secured by Refinancing Mortgages if there shall be no other Loans outstanding at the time.

• In connection with a Refinancing Mortgage, Borrower shall deliver to the Administrative Agent, a mortgage note, payable to the Administrative Agent for the account of the Banks, which shall be secured by the applicable Refinancing Mortgage.

• No Real Estate Asset that is subject to a Refinancing Mortgage will qualify as an Unencumbered Asset hereunder.

• In addition, in connection with each Refinancing Mortgage, the Administrative Agent, at the request and expense of Borrower, will provide subordination, non-disturbance and attornment agreements.

• Eligible Mortgagee An Eligible Mortgagee is a financial institution licensed or chartered by the State or Federal government to originate home mortgage loans in the State of Connecticut that has executed a "Master Agreement for Refinancing Mortgage Guarantee" (hereafter "Master Agreement") with the Authority.

More Definitions of Refinancing Mortgage

Refinancing Mortgage means the mortgage over a property securing the bank facilities granted to a Borrower by the Refinancing Mortgage Institution; with such property being either (i) a mortgage-free property or (ii) a property originally charged under the Original Mortgage (which will be fully discharged from the Original Mortgage on redemption).

Refinancing Mortgage means a mortgage that secures the amount of the balance outstanding immediately before the execution of that mortgage under an earlier mortgage to the same borrower duly stamped under this or a corresponding Act (whether over the same property or a property previously owned by the borrower) that is discharged or to be discharged as part of the arrangements for the new mortgage. (2) For the purposes of sub-section (1), mortgages are created to secure an advance to the same borrower if, either directly by the mortgages themselves or indirectly through one or more collateral arrangements, the same person obtains the advances secured by them.S. 166(3) amended by No. 46/2001 s. 16.

Refinancing Mortgage has the meaning specified in Section 5.19(b).

Refinancing Mortgage has the meaning assigned to such term in Section 5.08. The Refinancing Mortgages as of the date of this Agreement are listed on Schedule RM.

Refinancing Mortgage. Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

Refinancing Mortgage shall have the meaning provided in Section 14A.l hereof.

Refinancing Mortgage means the Mortgage securing a Refinancing Loan.