Mortgage Certificates definition

Mortgage Certificates. As defined in the first paragraph of this Custodial Agreement.
Mortgage Certificates means each of the mortgage certificates (Sw. pantbrev) issued in the Restricted Properties.
Mortgage Certificates. With respect to a Series, the GNMA Certificates, the Fredxxx Xxx Certificates, the Fannxx Xxx Certificates and the Other Mortgage Certificates securing such Series.

Examples of Mortgage Certificates in a sentence

  • Upon the issuance of the Mortgage Certificates, the Depositor shall pay to the Custodian a loan file review fee of $4.00 per Mortgage File.

  • This Custodial Agreement is for the exclusive benefit of the parties hereto and their respective successors and permitted assigns, and shall not be deemed to create or confer any legal or equitable right, remedy or claim upon any other Person whatsoever, except that the holders of the Mortgage Certificates shall be third party beneficiaries of this Custodial Agreement.

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  • The obligations and responsibilities created by the Agreement shall terminate upon the earlier to occur of (A) the final distribution to Certificateholders of all amounts required to be distributed pursuant to the Agreement or (B) the optional purchase by the Call Right Holder of the Mortgage Certificates in the Trust Fund at a purchase price determined as provided in the Agreement.

  • The Authority has found and determined that the purchase of the Mortgage Certificates under the terms of this Agreement to finance the purchase by Eligible Mortgagors of Residences will further the purposes of the Act and will be in the public interest.


More Definitions of Mortgage Certificates

Mortgage Certificates. The certificates which evidence interests in the trusts created by the related Underlying Pooling and Servicing Agreements and which are transferred to the Trust by the Depositor, each of which is identified in the Mortgage Certificate Schedule.
Mortgage Certificates. The mortgage securities listed in Schedule I to this Series Supplement.
Mortgage Certificates means certain conventional mortgage pass-through certificates issued by one or more trusts established by one or more private entities and evidencing the entire or a fractional interest in a pool of mortgage loans.
Mortgage Certificates. The certificates purchased by the Depositor from Banc of America Securities LLC pursuant to the Purchase Agreement, which evidence interests in the trusts created by the related Underlying Pooling Agreements and which are transferred to the Trust by the Depositor, each of which is identified in the Mortgage Certificate Schedule.
Mortgage Certificates means the existing written mortgage certificates issued in the business of the Mortgagor and listed in Schedule 1 (Mortgage Certificates).
Mortgage Certificates. With respect to a Series, the GNMA Certificates, the Xxxxxxx Mac Pcs, the FNMA MBSs and the Other Mortgage Certificate securing such Series.
Mortgage Certificates. The Series 1993-1 LTC Commercial Mortgage Pass-Through Certificates, Class E, with a pass-through rate of 9.78% per annum and an outstanding principal balance as of the Cut-Off Date of $26,382,110.83.