Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.
Mortgage Collateral means the Aircraft and other property described in Section 1 hereof and subject to the security interest created by this Agreement.
Examples of Mortgage Collateral in a sentence
The security interest in the Mortgage Collateral created under this Agreement is granted in accordance with the Security Trust Agreement and all of the terms and conditions thereof, including but not limited to provisions relating to the exercise of remedies, shall be incorporated herein by reference.
TO HAVE AND TO HOLD the Mortgage Collateral unto the Security Trustee, and its successors and assigns, as security for the Secured Obligations.
More Definitions of Mortgage Collateral
Mortgage Collateral means all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) in which Lender has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Lender in its reasonable discretion, (d) which are secured by Mortgages, and (e) which conform in all respects with all the requirements for purchase of such Mortgage Note under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.
Mortgage Collateral means Mortgage Documents (excluding participation or other fractional interests therein) and all ancillary security agreements, policies and certificates of insurance, guarantees, indemnities, evidences of recordation, applications, underwriting materials, surveys, appraisals, notices, opinions of counsel and loan servicing data and all other electronically stored and written records or materials relating to the loans evidenced or secured by the Mortgage Documents.
Mortgage Collateral has the meaning specified in Section 1 of this Agreement.
Mortgage Collateral. The Pledged Mortgage-Backed Securities, Pledged Mortgage Loans or REO Properties which are Granted to the Indenture Trustee under the related Terms Indenture as security for a Series. An "item" of Mortgage Collateral refers to a specific Pledged Mortgage-Backed Security, Pledged Mortgage Loan or REO Property which is Granted to the Indenture Trustee under the related Terms Indenture and is referred to as an item of Mortgage Collateral.
Mortgage Collateral all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) which have been assigned to Bank and in which Bank has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Bank in its reasonable discretion, (d) and which are secured by Mortgages.
Mortgage Collateral means all Mortgage Notes (a) which are made payable to the order of any of the Borrowers or have been endorsed (without restriction or limitation) payable to the order of any of the Borrowers, (b) in which Agent has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Agent in its reasonable discretion, (d) which are secured by Mortgages, and (e) with respect to Eligible Mortgage Loans, conform in all respects with all the requirements for purchase of such Mortgage Notes under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.
Mortgage Collateral. As used with respect to the Bonds, the Pledged Mortgage Loans plus all payments thereon after the Cut-Off Date (excluding Prepayment Premiums collected on such Mortgage Loans), together with the related Mortgage Loan Files and Servicing Files and the Issuer's interest in any Mortgaged Property that secured any Mortgage Loan but which is acquired by foreclosure or deed in lieu of foreclosure or otherwise after the Closing Date.