Mortgage Collateral definition

Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

Mortgage Collateral means the Aircraft and other property described in Section 1 hereof and subject to the security interest created by this Agreement.

Mortgage Collateral means the Properties and any other collateral security for any Mortgage Loan.

Examples of Mortgage Collateral in a sentence

• The figures presented draw among others on the EMF Scoreboard on the Efficiency of the Mortgage Collateral in the EU from September 2006.

• Open-End Leasehold Mortgage, Collateral Assignment and Security Agreement dated as of January 30, 1998, by the Company in favor of PNC Bank, National Association (incorporated herein by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).

• Each First Mortgage Note evidencing First Mortgage Collateral shall be endorsed by Borrower at such time as the Bank may request as follows: "Pay to the order of the Federal Home Loan Bank of Dallas." All other First Mortgage Documents and documents representing Securities, Small Farm and Agri-Business Collateral, and Other Real Estate Related Collateral shall be marked and assigned to the Bank in the foregoing manner or in such other manner as shall be specified by the Bank.

• Borrower hereby agrees that all First Mortgage Notes that are part of the First Mortgage Collateral and any notes securing personal property or other property (collectively, the "Pledged Notes") shall have priority in right and remedy over any claims, however evidenced, for other loans, whenever made, that are secured by mortgages or security agreements on the property securing the Pledged Notes.

• If, as, and when First Mortgage Collateral, Securities, Small Business Collateral, Small Farm and Agri-Business Collateral, and Other Real Estate Related Collateral is encumbered or disposed of by Borrower in the ordinary course of the Borrower’s business and in conformity with the requirements of Section 3.3 (a) hereof the security interest created hereunder shall be automatically released.

More Definitions of Mortgage Collateral

Mortgage Collateral means all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) in which Lender has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Lender in its reasonable discretion, (d) which are secured by Mortgages, and (e) which conform in all respects with all the requirements for purchase of such Mortgage Note under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.

Mortgage Collateral means Mortgage Documents (excluding participation or other fractional interests therein) and all ancillary security agreements, policies and certificates of insurance, guarantees, indemnities, evidences of recordation, applications, underwriting materials, surveys, appraisals, notices, opinions of counsel and loan servicing data and all other electronically stored and written records or materials relating to the loans evidenced or secured by the Mortgage Documents.

Mortgage Collateral has the meaning specified in Section 1 of this Agreement.

Mortgage Collateral. The Pledged Mortgage-Backed Securities, Pledged Mortgage Loans or REO Properties which are Granted to the Indenture Trustee under the related Terms Indenture as security for a Series. An "item" of Mortgage Collateral refers to a specific Pledged Mortgage-Backed Security, Pledged Mortgage Loan or REO Property which is Granted to the Indenture Trustee under the related Terms Indenture and is referred to as an item of Mortgage Collateral.

Mortgage Collateral all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) which have been assigned to Bank and in which Bank has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Bank in its reasonable discretion, (d) and which are secured by Mortgages.

Mortgage Collateral means all Mortgage Notes and all servicing rights in respect to such Mortgage Notes (a) which are made payable to the order of the Borrower or have been endorsed (without restriction or limitation) payable to the order of the Borrower, (b) in which the Administrative Agent has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to the Administrative Agent in its reasonable discretion, (d) which are secured by Mortgages, and (e) which conform in all respects with all the requirements for purchase of such Mortgage Note under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.

Mortgage Collateral. As used with respect to the Bonds, the Pledged Mortgage Loans plus all payments thereon after the Cut-Off Date (excluding Prepayment Premiums collected on such Mortgage Loans), together with the related Mortgage Loan Files and Servicing Files and the Issuer's interest in any Mortgaged Property that secured any Mortgage Loan but which is acquired by foreclosure or deed in lieu of foreclosure or otherwise after the Closing Date.