MERS® System definition

MERS® System. The system of recording transfers of mortgages electronically maintained by MERS.

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MERS® System. The system of recording transfers of mortgages electronically maintained by MERS. MIN: The mortgage identification number for any MERS Mortgage Loan.

MERS® System. MERS mortgage electronic registry system, as more particularly described in the MERS Procedures Manual.

Examples of MERS® System in a sentence

• The Seller has registered the Mortgage Loan on the MERS System or will do so within five (5) Business Days after the Purchase Date.

• During any time during which the Seller is using the MERS System, the Seller shall (i) at all times, maintain its status as a MERS Member, (ii) at all times, employ officers who have the authority, pursuant to a corporate resolution from MERS, to execute assignments of mortgage in the name of MERS in the event deregistration from the MERS System is necessary or desirable, (iii) at all times remain in compliance with all terms and conditions of membership in MERS, including the MERSCORP, Inc.

• The Seller shall not de-register or attempt to de-register any mortgage from the MERS System unless the Seller has complied with the requirements set forth in the Electronic Tracking Agreement and the requirements hereof and the other Repurchase Documents relating to a release of a Mortgage Loan.

• No Person (other than Administrative Agent, which may, at its election, list itself as interim funder) is listed as interim funder on the MERS System with respect to such Mortgage Loan.

More Definitions of MERS® System

MERS® System means the mortgage electronic registry system operated by the Electronic Agent that tracks changes in Mortgage ownership, mortgage servicers and servicing rights ownership.

MERS® System means the MERSCORP, Inc. mortgage electronic registry system, as more particularly described in the MERS Procedures Manual (a copy of which is attached as an exhibit to the Electronic Tracking Agreement).

MERS® System. MERS mortgage electronic registry system, as more particularly described in the MERS Procedures Manual. MIN: The Mortgage Identification Number of Mortgage Loans registered with MERS on the MERS® System.

MERS® System means the Mortgage Electronic Registration System established by MERS.

MERS® System has the meaning given that term in the Electronic Tracking Agreement.

MERS® System. The electronic registration system maintained by MERS.

MERS® System. The system of recording transfers of Mortgage Loans electronically maintained by MERS. Mid America: Mid America Bank, fsb, and its successor in interest. Mid America Servicing Agreement: The Purchase, Warranties and Servicing Agreement, dated as of February 1, 2006, as amended by Amendment No. 1 to the Purchase, Warranties and Servicing Agreement, dated as of February 1, 2006, between Mid America and EMC, attached hereto as Exhibit H-5. MIN: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.