Special Xxxxxx Xxx Mortgage Loan. (a) Definition: A permanent Mortgage Loan on one or more Properties originated by a Borrower under a Master Credit Facility Agreement and evidenced by one or more Mortgage Notes in the possession of Credit Agent (or a bailee for the benefit of Credit Agent, as agent for Lenders) or Xxxxxx Mae (under an applicable bailee or other arrangement recognizing Credit Agent’s first priority security interest therein, as agent for Lenders).
Appears in 2 contracts
Samples: Mortgage Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Special Xxxxxx Xxx Mortgage Loan. (a) Definition: A permanent Mortgage Loan on one or more Multifamily Properties originated by a Borrower under a Master Credit Facility Agreement and evidenced by one or more Mortgage Notes in the possession of Credit Agent (or a bailee for the benefit of Credit Agent, as agent for Lenders) or Xxxxxx Mae (under an applicable bailee or other arrangement recognizing Credit Agent’s first priority security interest therein, as agent for Lenders).
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Special Xxxxxx Xxx Mortgage Loan. (a) Definition: A permanent Mortgage Loan on one or more Properties originated by a Borrower under a Master Credit Facility Agreement and evidenced by one or more Mortgage Notes in the possession of Credit Agent (or a bailee for the benefit of Credit Agent, as agent for Lenders) or Xxxxxx Mae (under an applicable bailee or other arrangement recognizing Credit Agent’s first priority security interest therein, as agent for Lenders).
Appears in 1 contract
Samples: Credit and Security Agreement (Walker & Dunlop, Inc.)
