Approved Mortgagee means a mortgagee or mortgagees approved for the purpose of section 7 of the Act;

Approved Mortgagee means any bank licensed under the Banking Act (Cap. 19) or any finance company licensed under the Finance Companies Act (Cap. 108), or such other mortgagee as may be approved by the Lessor in writing;

Examples of Approved Mortgagee in a sentence

With respect to each Agency Security and to the extent necessary, Seller is an FHA Approved Mortgagee, a VA Approved Lender and a GNMA Approved Lender.
Servicer is an approved servicer for FHA, FHLMC, FNMA, GNMA, HUD and VA, is an FHA Approved Mortgagee and is qualified to own and hold VA Mortgage Loans, and shall maintain such approvals throughout the term of this Agreement.
Seller is an FHA Approved Mortgagee and, to the extent Seller is originating VA Loans, a VA Approved Lender.
The Servicer is an FHA Approved Mortgagee in good standing to service mortgages, and has not been suspended as a mortgagee or servicer by the FHA and has the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans.
With respect to each Agency Security and to the extent necessary, Seller is an FHA Approved Mortgagee.

More Definitions of Approved Mortgagee

Approved Mortgagee means a mortgagee approved by the Minister by notification in the Gazette;

Approved Mortgagee have the meanings given to them in Clause 56;

Approved Mortgagee means an approved Lender that has a security interest in the Leased Premises that is subordinate to the Master Lease or to this Lease.

Approved Mortgagee means a mortgagee or mortgagees approved for the purpose by the Minister and under the terms and conditions prescribed by regulations made under this section.

Approved Mortgagee has the meaning specified in Section 4.06(s).

Approved Mortgagee means a body- corporate for

Approved Mortgagee means only the holder of a Leasehold Mortgage (as defined in Section A.2 of this Addendum III) pursuant to Permitted Financing (as defined in Section A.2 of this Addendum III) who has notified Landlord pursuant to Section C below, and which holder shall be either (i) an Institutional Lender, or (ii) a non- Institutional Lender reasonably approved by Landlord. Notwithstanding anything to the contrary in this Lease, Tenant may mortgage its leasehold estate under this Lease under a Leasehold Mortgage with an Approved Mortgagee at any time and from time to time, upon notice to Landlord; provided, however, that if Landlord fails to approve or disapprove a non-Institutional Lender to be an Approved Mortgagee within thirty (30) calendar days from Tenant’s request for such approval, such non-Institutional Lender shall be deemed approved by Landlord and shall be an Approved Mortgagee hereunder. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Lease, Landlord hereby approves Bank of America, N.A., a national banking association, as an Approved Mortgagee. In addition, any Leasehold Mortgage or similar instrument that evidences an Approved Mortgagee’s security interest in the leasehold estate shall provide for the following and shall have agreed in writing with the Landlord in recordable form that: