Modified Mortgage Loan definition

Modified Mortgage Loan. Any Mortgage Loan that has been the subject of a Servicing Modification.
Modified Mortgage Loan. Any Mortgage Loan which the Servicer has modified pursuant to Section 5.01.
Modified Mortgage Loan. Any Mortgage Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.20 in a manner that:

Examples of Modified Mortgage Loan in a sentence

  • The Scheduled Principal Balance of any Mortgage Loan replaced pursuant to Section 2.03(b), and of any Modified Mortgage Loan purchased pursuant to Section 3.01(c); .................................

  • The Servicer shall deposit the Purchase Price for any Modified Mortgage Loan in the Collection Account pursuant to Section 5.08.

  • Upon receipt by the Trustee of written notification of any such deposit signed by a Servicing Officer, the Trustee shall release to the Servicer the related Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary more fully to vest in the Servicer any Modified Mortgage Loan previously transferred and assigned pursuant thereto.

  • To confirm such transfer and assignment, the Servicer, as servicer hereunder, as soon as practicable shall execute an instrument of assignment of the Modified Mortgage Loan without recourse in customary form to the Servicer in its individual capacity.

  • Effective immediately after such modification, and, in any event, on the same Business Day on which the modification occurs, all right, title and interest of the Trustee in and to the Modified Mortgage Loan shall automatically be deemed transferred and assigned to the Servicer and all benefits and burdens of ownership thereof, including without limitation the right to accrued interest thereon from and including the date of modification and the risk of default thereon, shall pass to the Servicer.


More Definitions of Modified Mortgage Loan

Modified Mortgage Loan. Any Specially Serviced Mortgage Loan which has been modified by the Special Servicer pursuant to Section 3.20 in a manner that:
Modified Mortgage Loan. Any Mortgage Loan that the Master Servicer has modified pursuant to Section 3.12.
Modified Mortgage Loan. As defined in Section 3.12(a).
Modified Mortgage Loan. Any Modifiable Mortgage Loan as to which the related Mortgagor has exercised the right to modify the Mortgage Rate.
Modified Mortgage Loan. Any Xxxxxxgx Xxxn that has been the subject of a Servicing Modification.
Modified Mortgage Loan. Any Mortgage Loan which the Company has modified pursuant to Section 3.01(c).
Modified Mortgage Loan. Any Mortgage Loan that is modified in accordance with Section 3.06(a), the outstanding Stated Principal Balance of which has been increased by adding to such Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan.