Mortgage Guidelines definition

Mortgage Guidelines means the mortgage loan underwriting, appraisal, and servicing guidelines and procedures that the Grantor has adopted in accordance with its underwriting, appraising, and servicing activities with respect to the Qualified Collateral.
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Mortgage Guidelines means the mortgage loan underwriting, appraisal, and servicing guidelines and procedures that the Grantor has adopted in accordance with its underwriting, appraising, and servicing activities with respect to the Collateral. “Operating Partnership” means Gladstone Land Limited Partnership. “Permitted Liens” means, in respect of any item of Collateral, (i) liens for taxes, assessments and governmental charges or levies; and (ii) liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s liens and other similar liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 30 days after Grantor first receives notice of such lien.
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Examples of Mortgage Guidelines in a sentence

  • The Company and each Member hereby acknowledge and agree that a Manager’s right to receive distributions pursuant to Section 5.5 (“Manager’s Interest”) is intended to constitute a “profits interest” in the Company within the meaning of Revenue Procedure 93-27, 1993-2 C.B. 343, or any successor Internal Revenue Service or Treasury Regulation or other pronouncement applicable, and a “Carried Interest” within the meaning of the NASAA Mortgage Guidelines.

  • If the Roll-Up Entity is a corporation, the voting rights shall correspond to the voting rights provided for in the NASAA Mortgage Guidelines to the greatest extent possible.

  • The Company shall not sell a foreclosed property to a Manager or its Affiliate or to a Program in which a Manager has an interest, unless and to the extent such a sale is permitted by both (i) the NASAA Mortgage Guidelines, as such may be amended from time to time, or any successor mortgage program guidelines adopted by the North American Securities Administrators Association, Inc.

  • Buyer and Seller shall have agreed upon Seller’s current PHH Mortgage Guidelines for Loans and Buyer shall have received a copy thereof certified by a Responsible officer of Seller.

  • Seller shall not permit any material modifications to be made to the PHH Mortgage Guidelines without the prior consent of Buyer (such consent not to be unreasonably withheld), provided, however, that, Buyer’s shall have been deemed to provide consent to such material modification if Buyer does not reasonably object to such modification within ten (10) days of receiving notice thereof from Seller.

  • Seller agrees to deliver to Buyer copies of the PHH Mortgage Guidelines and the Agency Guidelines in the event that any material changes are made to the PHH Mortgage Guidelines or any material changes requested by Seller are made to the Agency Guidelines, in each case following the Restatement Effective Date.