Additional Collateral Mortgage Loan definition

Additional Collateral Mortgage Loan. Each Mortgage Loan identified as such in the Mortgage Loan Schedule.
Additional Collateral Mortgage Loan. Each Mortgage Loan identified as such in the Mortgage Loan Schedule and as to which Additional Collateral is then required to be provided as security therefor.
Additional Collateral Mortgage Loan. Each Mortgage Loan identified as such in the Mortgage Loan Schedule. Additional Form 10-D Disclosure: As defined in Section 12.02 hereof.

Examples of Additional Collateral Mortgage Loan in a sentence

  • If the Additional Collateral Servicer informs the Trustee that a Required Surety Payment is payable pursuant to the Surety Bond, with respect to any Additional Collateral Mortgage Loan, the Trustee shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall return such notice to the Additional Collateral Servicer for submission to the Surety Bond Issuer.

  • In addition, if an Additional Collateral Mortgage Loan becomes a defaulted Mortgage Loan, Servicer shall make all reasonable efforts to realize upon the Additional Collateral pertaining to such Mortgage Loan, and any proceeds from the realization thereof (and not such Additional Collateral itself) shall be included in the related Liquidation Proceeds and deposited in the Custodial Account, net of any related Servicing Advances.

  • For good and valuable consideration, receipt of which is hereby acknowledged, Seller hereby sells, transfers, assigns, sets over and conveys to Purchaser without recourse all of Seller's right, title and interest in and to each pledge agreement and control agreement securing any Additional Collateral Mortgage Loan listed on such Final Mortgage Loan Schedule.

  • Immediately upon the default of any Additional Collateral Mortgage Loan, the Master Servicer shall cause the applicable Servicer to sell any related Additional Collateral for cash and cause such Liquidation Proceeds to be deposited into the Distribution Account.

  • In addition, if an Additional Collateral Mortgage Loan becomes a defaulted Mortgage Loan, the Servicer shall make all reasonable efforts available under the Loan Documents to realize upon the Additional Collateral pertaining to such Mortgage Loan, and any proceeds from the realization thereof (and not such Additional Collateral itself) shall be included in the related Liquidation Proceeds and deposited in the Custodial Account, net of any related Servicing Advances.


More Definitions of Additional Collateral Mortgage Loan

Additional Collateral Mortgage Loan. A Mortgage Loan that is supported by Additional Collateral.
Additional Collateral Mortgage Loan. Each Mortgage Loan that is either a Mortgage 100sm Loan or Parent Power(R) Mortgage Loan as to which the Additional Collateral is provided. For purposes hereof, the term "Additional Collateral" shall mean (i) with respect to any Mortgage 100sm Loan, the marketable securities subject to a security interest pursuant to the related Mortgage 100sm Pledge Agreement, or (ii) with respect to any Parent Power(R) Mortgage Loan, the related Parent Power(R)
Additional Collateral Mortgage Loan. A Mortgage Loan secured by Additional Collateral in the form of a security interest in the securities and other assets held in a Trading Account and that is identified by Seller as an Additional Collateral Mortgage Loan as to which the Additional Collateral is still required to be provided.
Additional Collateral Mortgage Loan. Each Mortgage Loan as to which Additional Collateral was required to be provided at the closing thereof, which is subject to the terms of this Agreement from time to time.
Additional Collateral Mortgage Loan. Each Mortgage Loan that is either a Mortgage 100(sm) Loan or ParentPower(R) Mortgage Loan as to which the Additional Collateral is still required to be provided.
Additional Collateral Mortgage Loan means each Mortgage Loan that is either a Mortgage 100sm Loan or Parent Power® Mortgage Loan as to which Additional Collateral was required to be provided at the closing thereof.
Additional Collateral Mortgage Loan. Not applicable.