|
|
|
|
Document Preview Mortgage |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Mortgage |
|||
|
Entities: |
JPMorgan Chase Bank; Milacron Inc.; U.S. Bank, NA; Latham & Watkins |
|||
|
Date: |
2004 |
|||
|
Size: |
Preview shows 9KB of 133KB total |
|||
|
Price: |
$69 |
|||
|
ID: |
#352544 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
MORTGAGE
made by
D-M-E U.S.A. INC.
(MORTGAGOR)
in favor of
U.S. BANK NATIONAL ASSOCIATION,
AS TRUSTEE AND COLLATERAL AGENT
(MORTGAGEE)
PROPERTY LOCATION:
29215 Stephenson Highway
Madison Heights, Michigan 48071
Oakland County
DATED AS OF JUNE 10, 2004
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
ARTICLE I DEFINITIONS ..................................................................................... 2
SECTION 1.01 Terms Defined Above.................................................................... 2
SECTION 1.02 Definitions............................................................................ 2
SECTION 1.03 Terminology............................................................................ 6
SECTION 1.04 Other Defined Terms.................................................................... 6
ARTICLE II GRANT OF LIEN AND SECURITY INTEREST............................................................. 6
SECTION 2.01 Grant of Lien.......................................................................... 6
SECTION 2.02 Grant of Security Interest............................................................. 7
SECTION 2.03 No Obligation of Mortgagee............................................................. 7
SECTION 2.04 Fixture Filing......................................................................... 7
SECTION 2.05 Future Advances........................................................................ 8
ARTICLE III ASSIGNMENT OF LEASES AND RENTS................................................................. 8
SECTION 3.01 Assignment............................................................................. 8
SECTION 3.02 Revocable License...................................................................... 8
SECTION 3.03 Enforcement of Leases.................................................................. 9
SECTION 3.04 Direction to Tenants................................................................... 9
SECTION 3.05 Appointment of Attorney-in-Fact........................................................ 10
SECTION 3.06 No Liability of Mortgagee.............................................................. 10
SECTION 3.07 Mortgagor's Indemnities................................................................ 11
SECTION 3.08 No Modification of Mortgagor's Obligations............................................. 11
ARTICLE IV REPRESENTATIONS AND WARRANTIES.................................................................. 12
SECTION 4.01 Title to Mortgaged Property and Lien of this Mortgage.................................. 12
SECTION 4.02 Taxes and Other Payments............................................................... 12
SECTION 4.03 Power to Create Lien and Security...................................................... 12
SECTION 4.04 Senior Secured Note Documents and Indenture............................................ 12
SECTION 4.05 Compliance with Laws................................................................... 13
SECTION 4.06 No Condemnation........................................................................ 13
SECTION 4.07 Flood Zone............................................................................. 13
ARTICLE V AFFIRMATIVE COVENANTS............................................................................ 13
SECTION 5.01 Lien Status............................................................................ 13
SECTION 5.02 Payment of Impositions................................................................. 14
SECTION 5.03 Repair................................................................................. 14
SECTION 5.04 Insurance and Application of Insurance Proceeds........................................ 14
SECTION 5.05 Condemnation and Application of Condemnation Proceeds.................................. 17
SECTION 5.06 Maintenance of Rights-of-Way, Easements, Licenses and Other Rights..................... 18
SECTION 5.07 Payment and Performance of Senior Secured Note Obligations............................. 18
SECTION 5.08 Compliance with Permitted Liens and Other Obligations.................................. 18
SECTION 5.09 Additional Affirmative Covenants....................................................... 18
ARTICLE VI NEGATIVE COVENANTS.............................................................................. 19
SECTION 6.01 Use Violations......................................................................... 19
{/TABLE}
i
{PAGE}
{TABLE}
{S} {C}
SECTION 6.02 Waste.................................................................................. 19
SECTION 6.03 Alterations............................................................................ 19
SECTION 6.04 No Further Encumbrances................................................................ 19
SECTION 6.05 Transfer Restrictions.................................................................. 19
SECTION 6.06 Senior Secured Note Documents and Indenture; Additional Negative Covenants............. 19
ARTICLE VII EVENTS OF DEFAULT AND REMEDIES................................................................. 20
SECTION 7.01 Event of Default....................................................................... 20
SECTION 7.02 Acceleration........................................................................... 20
SECTION 7.03 Foreclosure and Sale................................................................... 20
SECTION 7.04 Mortgagee's Agents..................................................................... 21
SECTION 7.05 Judicial Foreclosure................................................................... 21
SECTION 7.06 Receiver............................................................................... 21
SECTION 7.07 Foreclosure for Installments........................................................... 22
SECTION 7.08 Separate Sales......................................................................... 22
SECTION 7.09 Possession of Mortgaged Property....................................................... 22
SECTION 7.10 Occupancy After Acceleration........................................................... 23
SECTION 7.11 Remedies Cumulative, Concurrent and Nonexclusive....................................... 23
SECTION 7.12 No Release of Senior Secured Note Obligations.......................................... 24
SECTION 7.13 Release of and Resort to Collateral.................................................... 24
SECTION 7.14 Waiver of Redemption, Notice and Marshalling of Assets................................. 24
|
End of Preview |
Home Intelligence Services Subscriptions News About Us