Existing Mortgages definition

Existing Mortgages means those mortgages, deeds of trust or other agreements delivered in connection with the 2010 Credit Agreement.

Examples of Existing Mortgages in a sentence

  • The Problems of Selling Existing Mortgages The SMM buyer of existing mortgages faces asymmetric information in that the mortgage seller is likely to have much better information regarding the credit risk of the underlying mortgages than does the buyer.


More Definitions of Existing Mortgages

Existing Mortgages means all Mortgages granted by the Borrower and its Subsidiaries pursuant to the Third Amended and Restated Credit Agreement and which have not been released prior to the Fourth Restatement Effective Date.
Existing Mortgages means, collectively, the deeds of trust, mortgages, leasehold deeds of trust and leasehold mortgages (or amendments to existing deeds of trust, mortgages, leasehold deeds of trust and leasehold mortgages) listed on Schedule 4.01(a), in each case as the same may be amended, supplemented, amended and restated or otherwise modified from time to time.