Mortgage Collateral definition

Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

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Mortgage Collateral means the Aircraft and other property described in Section 1 hereof and subject to the security interest created by this Agreement.

Mortgage Collateral means the Properties and any other collateral security for any Mortgage Loan.

Examples of Mortgage Collateral in a sentence

Borrower will remain in good standing under the laws of each jurisdiction to the extent required for the ownership of each Property and the other Mortgage Collateral and the maintenance, management and operation of such Property.
Except as expressly disclosed in the Third Party Reports, Borrower, Mortgage Borrower, Operating Lessee, Pledgor, Pledgee, Pledgee Subsidiaries, the Collateral, each Property, the other Mortgage Collateral and the use thereof comply in all material respects with all Applicable Law, including, without limitation, all Environmental Laws, building and zoning ordinances and codes.
Forthwith upon the execution and delivery of any amendment to the Mortgage, if an applicable legal system having jurisdiction over the Borrower or the Mortgage Collateral is in existence that permits for filing and/or recording of the Mortgage and amendments or supplements thereto, the Borrower will cause such amendment to be duly filed and recorded, and maintained of record, in accordance with all Applicable Laws.
None of Borrower, Mortgage Borrower, Operating Lessee, Pledgor, Pledgee or Pledgee Subsidiaries shall create, incur, assume or suffer to exist any Lien on any portion of any Property, the Collateral or the other Mortgage Collateral or permit any such action to be taken, except for Permitted Encumbrances.
After the occurrence and during the continuance of an Event of Default, Borrower shall pay any out-of-pocket costs and expenses incurred by ▇▇▇▇▇▇ to examine ▇▇▇▇▇▇▇▇’s and Mortgage Borrower’s accounting records with respect to the Property, the Collateral and the other Mortgage Collateral, as Lender shall determine to be reasonably necessary in the protection of Lender’s interest.

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 Supplement” has the meaning specified in Section 1 of this Agreement. “Obligor” means, with respect to a Grantor, each Lessee or any other Person obligated at any time to make any payment under a Lease to such Grantor for any reason. “Part” means any and all parts, avionics, attachments, accessions, appurtenances, furnishings, components, appliances, accessories, instruments and other equipment installed in, or attached to (or constituting a spare for any such item installed in or attached to) the Asset. “Person” means any natural person, firm, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, government or any political subdivision thereof or any other legal entity, including public bodies. “Portfolio Asset” means any “Asset” as defined in the Indenture. “Related Documents” has the meaning specified in the Indenture. “Secured Obligations” means, inter alia, all obligations owed to the Secured Parties by each Issuer Group Member and by each Obligor, as more particularly defined and described in the Security Trust Agreement. “Secured Party” has the meaning specified in the Security Trust Agreement. 110 “Security Trust Agreement” has the meaning specified in the preliminary statements to this Agreement and is attached hereto as Schedule 2. “Security Trustee” has the meaning specified in the recital of parties to this Agreement. “Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership, limited liability company or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. “Trust Agreement” means the Amended and Restated Trust Agreement No. [_], dated as of [__________], between the Grantor and [__] (as successor to _____________). “Trust Estate” has the meaning specified in the Trust Agreement. “Trustee” means USB, in its capacity as trustee under the Indenture. 111 SCHEDULE 1 MORTGAGE AND SECURITY AGREEMENT MORTGAGE COLLATERAL [“Airframe” means one (1) [__________] model [____...

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 means the Collateral as defined in the Granting clause of the Mortgage.

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 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.