Initial Mortgage Loan definition

Examples of Initial Mortgage Loan in a sentence

Based on its review and examination, and only as to the documents identified in such Initial Certification, the Trustee acknowledges that such documents appear regular on their face and relate to such Initial Mortgage Loan.

The Depositor hereby represents and warrants to the Trustee with respect to each Initial Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Initial Mortgage Loans to it by each Seller, the Depositor had good title to the Initial Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.

The Depositor hereby represents and warrants to the Trustee with respect to each Initial Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Initial Mortgage Loans to it by the Seller, the Depositor had good title to the Initial Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.

Based on its review and examination, and only as to the documents identified in such Trust Receipt and Initial Certification, the Custodian acknowledges that such documents appear regular on their face and relate to such Initial Mortgage Loan.

By the Closing Date, the Seller shall deliver to the Depositor or, at the Depositor's direction, to the Trustee or other designee of the Depositor, the Mortgage File for each Initial Mortgage Loan listed in the Mortgage Loan Schedule (except that, in the case of Initial Mortgage Loans that are Delay Delivery Mortgage Loans, such delivery may take place within five Business Days of the Closing Date) as of the Closing Date.


More Definitions of Initial Mortgage Loan

Initial Mortgage Loan. Such of the Mortgage Loans transferred and assigned to the Trustee on the Closing Date pursuant to the provisions hereof, as from time to time are held as a part of the Trust Fund (including any REO Property), the Mortgage Loans so held being identified on the Mortgage Loan Schedule as of the Closing Date, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.
Initial Mortgage Loan. Any of the Mortgage Loans included in the Trust Fund as of the Closing Date. The aggregate principal balance of the Initial Mortgage Loans as of the Closing Date is equal to $76,882,417.30.
Initial Mortgage Loan. The Mortgage Loans which are described (with complete statistical information included) in the Prospectus Supplement and which are included in the Trust Fund on the Closing Date.
Initial Mortgage Loan means any Mortgage Loan transferred to the Trust on the Closing Date and identified on Exhibit A.
Initial Mortgage Loan. A Mortgage Loan that is conveyed to the Trust pursuant to this Agreement on the Closing Date. The Initial Mortgage Loans subject to this Agreement are identified on the Mortgage Loan Schedule annexed hereto as Schedule I and have an aggregate Principal Balance as of the Cut-off Date of $[ ].] Initial Underlying Securities Balance: $[ ].