Additional Collateral Loan definition
Additional Collateral Loan. Each Mortgage Loan that is supported by Additional Collateral.
Additional Collateral Loan. A Mortgage Loan secured by, in addition to the related Mortgaged Property, Additional Collateral.
Additional Collateral Loan. Each Mortgage Loan that is a Mortgage 100(sm) Loan or a Parent Power(sm) Loan.
More Definitions of Additional Collateral Loan
Additional Collateral Loan means a Loan (i) that is secured by additional collateral in the form of a security interest in a Securities Account and identified as such in the Mortgage File required to be provided at the closing thereof, (ii) as to which the related Additional Collateral has a value, as of the date of origination of such Loan, at least equal to the related Original Additional Collateral Requirement, and (iii) that is subject to the terms of this Agreement from time to time