Mortgage Collateral definition
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.
Mortgage Collateral means the Properties and any other collateral security for any Mortgage Loan.
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.
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. “Obligations” means, inter alia, all obligations owed to the Secured Parties by each Borrower Group Company and by each Obligor, as more particularly defined and described in the Security Agreement. “Owned Asset” means any “Owned Asset” as defined in the Credit Agreement. “Secured Party” has the meaning specified in the Security Agreement. “Security 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. SCHEDULE 12-B-8 “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.
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.