“Permitted Mortgage Investment” means any Investment in secured notes, mortgage, deeds of trust, collateralized mortgage obligations, commercial mortgage-backed securities, other secured debt securities, secured debt derivative or other secured debt instruments, so long as such investment relates directly or indirectly to real property that constitutes or is used as a skilled nursing home center, hospital, assisted living facility, medical office or other property customarily constituting an asset of a real estate investment trust specializing in healthcare or senior housing property.
FK Reading Ease
-52.9

FK Grade Level
Graduate School
  • Flag
  • In the case of the federal government, the total value of outstanding bills, notes, bonds, and other debt instruments issued by the Treasury and other federal agencies. Debt held by the public consists mainly of securities that the Treasury issues to raise cash in order to fund the operations and pay off the maturing liabilities of the federal government that tax revenues are insufficient to cover. Such debt is held by outside investors, including the Federal Reserve System. Other measures include debt held by government accounts (debt issued for internal government transactions, to trust funds and other federal accounts, and not traded in capital markets), gross federal debt (the sum of debt held by the public and debt held by government accounts), and debt subject to limit (which is subject to a statutory ceiling that applies to gross federal debt, with the exception of a small portion of the debt issued by the Treasury and the small amount of debt issued by other federal agencies, such as the Tennessee Valley Authority and the Postal Service). Securities issued by Fannie Mae and Freddie Mac are not included in any of those measures of debt.
    FK Reading Ease
    27.8

    FK Grade Level
    Graduate School
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  • Payment of scheduled interest obligations on outstanding debt. As used in the Congressional Budget Office’s semiannual report The Budget and Economic Outlook, debt service refers to a change in interest payments resulting from a change in estimates of the deficit or surplus.
    FK Reading Ease
    22.4

    FK Grade Level
    College
  • Flag
  • A government-sponsored enterprise founded during the Great Depression and federally chartered in 1968 as a shareholder-owned corporation that operates exclusively in the secondary market for residential mortgages (the market in which such mortgages are bought and sold). Fannie Mae provides liquidity to the mortgage market by purchasing qualifying mortgages from private lenders, pooling and securitizing them, and then selling them as mortgage-backed securities in the secondary market. The company also holds mortgage-backed securities and whole mortgages in its portfolio. Since September 2008, Fannie Mae has been in federal conservatorship.
    FK Reading Ease
    19.5

    FK Grade Level
    Graduate School
  • Flag
  • A government-sponsored enterprise founded and federally chartered in 1970 as a shareholder-owned corporation that operates exclusively in the secondary market for residential mortgages (the market in which such mortgages are bought and sold). Freddie Mac provides liquidity to the mortgage market by purchasing qualifying mortgages from private lenders, pooling and securitizing them, and then selling them as mortgage-backed securities (MBSs) in the secondary market. The company also holds MBSs and whole mortgages in its portfolio. Since September 2008, Freddie Mac has been in federal conservatorship.
    FK Reading Ease
    24.9

    FK Grade Level
    College
  • Flag
  • A government-owned corporation within the Department of Housing and Urban Development that guarantees the timely payment of principal and interest on securities that are backed by single-family and multifamily residential mortgages insured by government agencies, such as the Federal Housing Administration and the Department of Veterans Affairs
    FK Reading Ease
    -20.7

    FK Grade Level
    Graduate School
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  • Mortgaged Property” shall mean, initially, each parcel of real estate and the improvements thereto owned in fee by a Credit Party and identified on Schedule 1.1(b), and each other parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant toSection 9.14.

     

    FK Reading Ease
    37.2

    FK Grade Level
    College
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  • The term “Mortgage” means pledges, mortgages and other liens.

    FK Reading Ease
    66.1

    FK Grade Level
    Middle School
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  • “Liens” means any mortgage, pledge, security interest, lien, claim, restriction, levy, charge or other encumbrance of any kind.

    FK Reading Ease
    33.5

    FK Grade Level
    College
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  • “Encumbrance” means any lien, mortgage, security interest, pledge, restriction on transferability, defect of title, option or other claim, charge or encumbrance of any nature whatsoever.

    FK Reading Ease
    5.5

    FK Grade Level
    Graduate School
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