Party Payments” means all payments and the rights to receive such payments from “Third Medicaid or other federal, state or local programs, boards, bureaus or agencies, and from residents, private insurers or others relating to the Mortgaged Property. Policy” means the loan policy of title insurance issued in connection with the “Title mortgagee’s Mortgage Loan and insuring the lien of the Security Instrument as set forth therein, as approved by Lender. Parking Spaces” has the meaning set forth in the Summary of Loan Terms. “Total Residential Units” has the meaning set forth in the Summary of Loan Terms. “Total means: “Transfer” (a) a sale, assignment, transfer or other disposition (whether voluntary, involuntary, or by operation of law), other than Residential Leases, Material Commercial Leases or non-Material Commercial Leases permitted by this Loan Agreement; (b) a granting, pledging, creating or attachment of a lien, encumbrance or security interest (whether voluntary, involuntary, or by operation of law); (c) an issuance or other creation of a direct or indirect ownership interest; (d) a withdrawal, retirement, removal or involuntary resignation of any owner or manager of a legal entity; or (e) a merger, consolidation, dissolution or liquidation of a legal entity. Fee” means a fee equal to one percent (1%) of the unpaid principal balance of the “Transfer Mortgage Loan payable to Lender. has the meaning set forth in the Security Instrument. “UCC” Collateral” has the meaning set forth in the Security Instrument. “UCC means any fraudulent conveyance, preference or other voidable or Transfer” “Voidable recoverable payment of money or transfer of property. or has the Maintenance Period End Date” Premium Period End Date” “Yield “Prepayment meaning set forth in the Summary of Loan Terms. Maintenance Period Term” or Premium Period Term” has the meaning “Yield “Prepayment set forth in the Summary of Loan Terms.
“Third Party Payments” means all payments and the rights to receive such payments from Medicaid or other federal, state or local programs, boards, bureaus or agencies, and from residents, private insurers or others relating to the Mortgaged Property. “Title Policy” means the mortgagee’s loan policy of title insurance issued in connection with the Mortgage Loan and insuring the lien of the Security Instrument as set forth therein, as approved by Lender. “Total Parking Spaces” has the meaning set forth in the Summary of Loan Terms. “Total Residential Units” has the meaning set forth in the Summary of Loan Terms. “Transfer” means: (a) a sale, assignment, transfer or other disposition (whether voluntary, involuntary, or by operation of law), other than Residential Leases, Material Commercial Leases or non-Material Commercial Leases permitted by this Loan Agreement; (b) a granting, pledging, creating or attachment of a lien, encumbrance or security interest (whether voluntary, involuntary, or by operation of law); (c) an issuance or other creation of a direct or indirect ownership interest; (d) a withdrawal, retirement, removal or involuntary resignation of any owner or manager of a legal entity; or (e) a merger, consolidation, dissolution or liquidation of a legal entity. “Transfer Fee” means a fee equal to one percent (1%) of the unpaid principal balance of the Mortgage Loan payable to Lender. “UCC” has the meaning set forth in the Security Instrument. “UCC Collateral” has the meaning set forth in the Security Instrument. “Voidable Transfer” means any fraudulent conveyance, preference or other voidable or recoverable payment of money or transfer of property. “Yield Maintenance Period End Date” or “Prepayment Premium Period End Date” has the meaning set forth in the Summary of Loan Terms. “Yield Maintenance Period Term” or “Prepayment Premium Period Term” has the meaning set forth in the Summary of Loan Terms.
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