Mortgage Assignment Clause Samples
A Mortgage Assignment clause allows the lender to transfer their rights and interests in a mortgage to another party. In practice, this means that the original lender can sell or assign the mortgage to another financial institution or investor, who then assumes the lender's position regarding the loan and its associated rights. This clause facilitates the secondary market for mortgages, enabling lenders to manage their portfolios and liquidity by transferring loans, and ensures that borrowers are aware that their loan obligations may be owed to a new party.
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Mortgage Assignment. At the request of Buyer, Seller agrees to use commercially reasonable efforts to cause Seller’s Existing Finance Provider(s) to assign Seller’s Existing Mortgages to an entity designated by Buyer.
Mortgage Assignment. Seller shall use reasonable, good faith efforts to cause the Mortgagee to assign the Mortgage to Purchaser’s lender, if any, provided, however, that the mortgage tax savings resulting from such assignment shall be apportioned equally between Seller and Purchaser.
Mortgage Assignment. Each Collateral Assignment of Note and Mortgage executed by a Loan Party in favor of Agent for the benefit of Lenders granting a first priority security interest in an Eligible Mortgage, such assignment to be in form and substance satisfactory to Agent. Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) of ERISA to which Borrower or any ERISA Affiliate is making, or is required to make, contributions.
Mortgage Assignment. Each Collateral Assignment of Note and Mortgage executed by a Loan Party in favor of Agent for the benefit of Lenders granting a first priority security interest in an Eligible Mortgage, together with a Consent and Estoppel Agreement between the mortgagor under such Eligible Mortgage and such Loan Party, each in form and substance satisfactory to Agent. Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) of ERISA to which Borrower or any ERISA Affiliate is making, or is required to make, contributions. Net Income. With respect to Borrower and its Subsidiaries for any fiscal period, the Consolidated net income (or deficit) of Borrower and its Subsidiaries, after deduction of all expenses, taxes and other property charges, and after eliminating earnings or losses attributable to outstanding minority interests. Net Worth. Borrower’s stockholder’s equity. Non-Consenting Lender. See §18.8.
Mortgage Assignment. Each Collateral Assignment of Note and Mortgage executed by a Loan Party in favor of Agent for the benefit of Lenders granting a first priority security interest in an Eligible Mortgage, together with a Consent and Estoppel Agreement between the mortgagor under such Eligible Mortgage and such Loan Party, each in form and substance satisfactory to Agent.
Mortgage Assignment. OF LEASES AND RENTS, ----------------------------------------- SECURITY AGREEMENT AND FIXTURE FILING ------------------------------------- THIS MORTGAGE, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (THIS "Mortgage") made this 12th day of February, 1999, by CABOT INDUSTRIAL -------- PROPERTIES, L.P. ("Borrower"), a Delaware limited partnership, having its -------- principal place of business at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, for the benefit of TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA ("Lender"), a New York corporation, having an address at ------ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇.
Mortgage Assignment of Rents and Leases and Security Agreement by Louisiana Generating LLC, for the benefit of Deutsche Bank Trust Company Americas, dated December 23, 2003, filed in East ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Louisiana.
Mortgage Assignment. Security Agreement, Fixture Filing and Financing Statement dated January 31, 2007 from Bluestem Pipeline, LLC to Royal Bank of Canada, administrative agent and collateral agent, filed in Neosho County, Kansas.
Mortgage Assignment. Each Collateral Assignment of Note and Mortgage executed by a Loan Party in favor of Agent for the benefit of Lenders granting a first priority security interest in an Eligible Mortgage, such assignment to be in form and substance satisfactory to Agent. Multiemployer Plan. Any multiemployer plan within the meaning of §3(37) of ERISA to which Borrower or any ERISA Affiliate is making, or is required to make, contributions. Net Income. With respect to Borrower for any Test Period, the net income (or deficit) of Borrower, after deduction of all expenses, taxes and other property charges, determined in accordance with GAAP. Net Worth. The amount by which Total Assets exceeds Total Liabilities. Non-Consenting Lender. See §18.8.
Mortgage Assignment. Security Agreement, Fixture Filing and Financing Statement dated as of June 13, 2017, from BNK Petroleum (US) Inc. to BOKF, NA, as Administrative Agent.