Mortgage Loan Assets definition

Mortgage Loan Assets the mortgage loan assets (including mortgage loan assets and mezzanine loans, and in each case, any agreement, note or instrument evidencing a direct or indirect interest therein, interests in respect of “new market tax credit” loans, any mortgage loan assets similar to any of the foregoing, participation interests in any of the foregoing, and any REO Property, but excluding Excluded Mortgage Loan Assets and mortgage servicing rights) of the Loan Parties and their respective Subsidiaries (other than any Specified Excluded Subsidiaries) to the extent relating to real property located in the United States or Canada.
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Mortgage Loan Assets means the Initial Mortgage Loan Assets and the Subsequent Mortgage Loan Assets.]
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Mortgage Loan Assets means all of Seller’s right, title and interest in, to and under each of the following items of property, whether now owned or hereafter acquired, now existing or hereafter created and wherever located:
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Examples of Mortgage Loan Assets in a sentence

  • Other than in the ordinary course of business, including without limitation (i) the disposition of Mortgage Loan Assets, and (ii) dispositions, for fair value, of worn-out and obsolete equipment not necessary or useful to the conduct of business, Borrower will not, directly or indirectly, sell, lease, assign, transfer, or otherwise dispose of all or any material portion of its assets.

  • It is understood and agreed that the representations and warranties provided in this ARTICLE V shall survive (x) the sale and assignment of the Mortgage Loans, the related Mortgage Loan Assets and the Related Assets to Buyer, (y) any subsequent transfer of a security interest therein by Buyer to the Indenture Trustee pursuant to the Indenture) and (z) the termination of this Agreement.

  • For "Interest Only, Then Amortizing" and "Amortizing” Mortgage Loan Assets a computation of the principal balance outstanding as of the respective loan’s Maturity Date/ARD Date based upon the respective loan’s (i) Pari Passu Companion Loan Original Balance (Non-trust), (ii) Original Interest-Only Period (Mos.), (iii) Original Amortization Term (Mos.), (iv) Interest Accrual Method, and (v) Mortgage Loan Rate (%).

  • Section 7.7. Release of Lien on MSR Assets and Mortgage Loan Assets.

  • The purchase price for the Mortgage Loans and Mortgage Loan Assets sold to Buyer by Seller under this Agreement shall be a dollar amount equal to the outstanding loan balance thereof, to be determined as of the related Purchase Date (the “Purchase Price”), in each case to be paid in accordance with Section 3.2 hereof.

  • Pari Passu Companion Loan Balloon Balance (Non-trust) For "Interest Only” Mortgage Loan Assets or "Interest Only, Then Amortizing” Mortgage Loan Assets, set equal to Pari Passu Companion Loan Original Balance (Non-trust).

  • Pari Passu Companion Loan Cut-off Date Balance (Non-trust) For "Interest Only” Mortgage Loan Assets or "Interest Only, Then Amortizing” Mortgage Loan Assets, set equal to Pari Passu Companion Loan Original Balance (Non-trust).

  • We believe underwriting and closing costs will be at approximately 5% of the value of real estate assets in the event market conditions are favorable for acquiring real estate assets and market conditions are not favorable for the Company to acquire Mortgage Loan Assets.

  • No Agency or regulatory authority has raised to Buyer any outstanding material objection to Buyer’s potential acquisition of the MSR Assets and Mortgage Loan Assets, which could be implicated by the consummation of the Transactions.

  • Buyer shall prepare an allocation of the Consideration (and other relevant amounts for U.S. federal income tax purposes) among the Purchased Assets, the MSR Assets and the Mortgage Loan Assets and deliver such allocation to Seller within 60 days after the Closing Date for Seller’s review and comment.


More Definitions of Mortgage Loan Assets

Mortgage Loan Assets has the meaning ascribed to the term ‘Mortgage Assets’ under the Mortgage Loan Purchase Agreement. “Mortgage Loan Purchase Agreement” means that certain Loan Sale Agreement, dated as of the date hereof, by and between Buyer and Seller, as may be amended, supplemented or otherwise modified from time to time. “Mortgage Loan Sale” means the purchase and sale of Mortgage Loan Assets pursuant to the Mortgage Loan Purchase Agreement. “MSR Assets” has the meaning ascribed to the term ‘Purchased Assets’ under the MSR Purchase Agreement. “MSR Liabilities” has the meaning ascribed to the term ‘Assumed Liabilities’ under the MSR Purchase Agreement. “MSR Purchase Agreement” means that certain Servicing Rights Purchase and Sale Agreement, dated as of the date hereof, by and between Buyer and Seller, as may be amended, supplemented or otherwise modified from time to time. “MSR Sale” has the meaning ascribed to the term ‘Transaction’ under the MSR Purchase Agreement. “Multiemployer Plan” means a “multiemployer plan,” as defined in Section 4001(a)(3) of ERISA. “Owned Intellectual Property” means Intellectual Property owned or purported to be owned by Seller and its Subsidiaries, which for the avoidance of doubt, includes all Trademarks that include the term “American Advisors Group,” “AAG” trademark and any variations thereof. “Parties” means the parties to this Agreement. “Permitted Encumbrances” means (a) Encumbrances for Taxes and other charges and assessments by Governmental Authorities that are not yet due and payable or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP, (b) Encumbrances of landlords and Encumbrances of carriers, warehousemen, mechanics and materialmen and other like Encumbrances arising in the ordinary course of business for sums not yet due and payable or which are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP and (c) other Encumbrances or imperfections on property that do not materially detract from the value of or materially impair the existing use of the property affected by such Encumbrance or imperfection.
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Mortgage Loan Assets has the meaning set forth in Section 7.3.
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Mortgage Loan Assets means, as of the Purchase Date, all of SCP’s right, title and interest in, to and under each of the following items of property, then owned and existing and wherever located:
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Mortgage Loan Assets shall have the meaning set forth in Section 2.02(a).
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Mortgage Loan Assets means, collectively, (capitalized terms used in this definition but not otherwise defined in this Pledge Agreement shall have the meanings assigned thereto in the Loan Agreement), together with any other property and any other rights related thereto, all (a) Mortgage Loans, (b) the related Mortgage Loan Documents together with all promissory notes, and Servicing Records and any other collateral pledged or otherwise relating to such Mortgage Loans, all files, material documents, instruments, surveys, certificates, correspondence, appraisals, computer records, computer storage media, accounting records and books and records relating thereto, (c) the related Mortgaged Properties or any interest in real property collateralizing any Mortgage Loan, (d) the related Mortgage Files, (e) the related Servicing Files, (f) all mortgage guaranties and insurance (issued by governmental agencies or otherwise) and any mortgage insurance certificate or other document evidencing such mortgage guaranties or insurance relating to any Mortgage Loans and all claims and payments thereunder, (g) all other insurance policies and insurance proceeds relating to any Mortgage Loans or the related Mortgaged Property, (h) all Interest Rate Protection Agreements, (i) all rights under the Servicing Agreement, the Custodial Agreement or any other document related to Mortgage Loans or the related Mortgaged Properties, (j) all purchase or take-out commitments relating to or constituting any or all of the related Mortgage Loans or the Mortgaged Properties and (k) all products and proceeds relating to any of the items listed in the foregoing clauses (a) through (j).
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Related to Mortgage Loan Assets

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Mortgage Loan File As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage Loan File pursuant to this Agreement.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Mortgage Loan Group Either Group I or Group II.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Mortgage Loan Schedule shall have the meaning assigned to such term in the recitals.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of June 17, 2022, between the Mortgage Loan Borrower, as borrower, and Xxxxx Fargo Bank, National Association, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.