Senior Mortgages definition

Senior Mortgages means the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications and other security documents delivered pursuant to the Senior Credit Facility, each substantially in the form of Exhibit J to the Senior Credit Facility, with such changes as are approved by the Senior Collateral Agent.

Senior Mortgages means the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications and other security documents delivered pursuant to the Senior Credit Facility.

Senior Mortgages means each of the "Senior Engine Mortgage" and the "Senior Spare Parts Mortgage," each as defined in the Spare Parts Mortgage and Security Agreement or the Engine Mortgage and Security Agreement

Examples of Senior Mortgages in a sentence

• The provisions of clauses (a)-(g) of this Paragraph 2 are solely for the benefit of the holder of the Senior Mortgages and shall not create any rights in the Borrower or any other person.

• This Agreement shall in all respects be a continuing agreement and shall remain in full force and effect until (a) the complete payment in full of all of the Senior Obligations, and (b) the execution by McDonald's of releases of all of the Senior Mortgages and the recording of such releases in the appropriate real property records.

• The Subordinated Creditor hereby consents and agrees that any lawful action taken by or on behalf of McDonald's in the exercise of McDonald's rights and/or remedies under the Senior Mortgages (including, without limitation, any foreclosure or acquisition of title to a Real Property by deed in lieu of foreclosure or otherwise) are hereby deemed to be consented to by the Subordinated Creditor in all respects.

• The Subordinated Creditor hereby waives any right it may have to require that XxXxxxxx'x xxxxxxx any assets of the Borrower in favor of the Subordinated Creditor and the Subordinated Creditor agrees that it shall not acquire, by subrogation or otherwise, any lien, estate, right or other interest in the Real Properties which is or may be prior or superior in right to the Senior Mortgages, including but not limited to advances for real estate taxes and assessments.

• The rights and priorities set forth in this Paragraph 2(a) shall be effective notwithstanding the order of creation, attachment, vesting or perfection of the rights of McDonald's under the Senior Mortgages, or of the Subordinated Creditor under the Subordinated Mortgages, the Subordinated Creditor Indenture or any other documents executed in connection therewith (including, without limitation, any UCC-1 financing statements or fixture filings).

More Definitions of Senior Mortgages

Senior Mortgages means the Senior Revolving Mortgages and the Senior Term Loan Mortgages.

Senior Mortgages means any and all mortgages on the Properties which mortgages are senior in lien priority to the Mortgages and which mortgages are set forth in the Title Policies.

Senior Mortgages means, in relation to each Senior Loan Agreement, the first or, as the case may be, second priority mortgages on each Ship in each case up to the amount of, and as security for, the relevant Senior Loan and, in the singular, means any of them;

Senior Mortgages has the meaning provided in the Recitals hereto.

Senior Mortgages means those (i) first priority mortgages on the Mortgaged Premises listed on Exhibit B attached hereto or (ii) any other Indebtedness of Borrower or any Subsidiary existing on the date hereof which is disclosed on the financial statements referred to in Section 7 and secured by a Lien on any Other Property.

Senior Mortgages means the "Mortgages", as defined in the Senior Credit Agreement.

Senior Mortgages means, together, the First Senior Mortgage and the Second Senior Mortgage.