Collateral File. With respect to each Mortgage Loan, a file containing each of the Collateral Documents.
Collateral File means, as to each item of Collateral, those documents set forth in a schedule to be delivered by the Borrower or the Agent to the Custodian and which are delivered to the Custodian pursuant to the terms of this Agreement or the Custodial Agreement including, without limitation, all documents required by the Agent to better enable the Borrower to grant in favour of the Security Trustee and to perfect a first priority security interest in such item of Collateral.
Collateral File means a file delivered to the Document Custodian by the Company pursuant to Section 3, containing the Collateral Documents relating to the Collateral, as set forth on the Collateral Schedule delivered to the Document Custodian.
Examples of Collateral File in a sentence
No later than October 18, 2024, Purchaser shall provide to Seller an exception report identifying each document that is included in the Collateral File for any Mortgage Loan but is deficient or is missing from the Collateral File for any Mortgage Loan, where such document deficiency or absence will have a material adverse effect on the collectability of the related Mortgage Loan (the “Collateral Exception Report”).
Pursuant to such bailment agreement, Seller will deliver to the Custodian a Collateral File for each Mortgage Loan.
More Definitions of Collateral File
Collateral File means, for each Loan, (a) copies of each of the Required Loan Documents and (b) any other portion of the Loan File which is not part of the Required Loan Documents.
Collateral File. With respect to each Mortgage Loan that is owned by an Agency, a file containing each of the Mortgage Loan Documents or, as applicable, copies thereof, that are required by the applicable Agency to be held by the document custodian pursuant to the Servicing Agreements.
Collateral File means, with respect to each Mortgage Loan, those documents that are delivered to the Custodian or which at any time come into the possession of the Custodian, pursuant to the terms and conditions of either Custodial Agreement.
Collateral File means the following documents or instruments with respect to each related Mortgage Loan so transferred and assigned:
Collateral File means, with respect to each Agency Mortgage Loan, that file containing the Mortgage Loan Documents or, as permitted by Applicable Requirements, copies thereof, required under the Applicable Requirements to be held by the Custodian; and, with respect to any other Mortgage Loan, that file containing the Mortgage Loan Documents or, as permitted by Applicable Requirements, copies thereof, that are both required pursuant to Applicable Requirements to be held by the Custodian and are necessary to service the Mortgage Loan in accordance with the Applicable Requirements.
Collateral File means the original Note or, if unavailable, an original lost instrument affidavit or bailee letter, the original or a copy of the recorded Mortgage, the original or copies of all assignments of the Mortgage, and the original or a copy of the title policy referred to in Section 3.04(f).