Mortgage Loan Default definition

Mortgage Loan Default means a “Default” as defined in the Mortgage Loan Agreement.

Mortgage Loan Default means an “Event of Default” under the Mortgage Loan and as defined in the Mortgage Loan Agreement.

Mortgage Loan Default means (i) with respect to the Xxxxx Fargo Mortgage Loan, a Xxxxx Fargo Mortgage Loan Default, and (ii) with respect to each CIGNA Mortgage Loan, an “Event of Default” under and as defined in the related Mortgage Loan Documents or, if the related Mortgage Loan Documents do not include a definition of “Event of Default”, a default thereunder that has continued beyond any applicable grace, notice and/or cure periods provided therein.

Examples of Mortgage Loan Default in a sentence

• Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default, Senior Mezzanine Loan Default, Mortgage Loan Event of Default or Senior Mezzanine Loan Event of Default or satisfying any Liens, claims or judgments against any of the Properties or the Senior Mezzanine Collateral.

• Borrower shall promptly advise Lender of any material Default or Event of Default of which Borrower has knowledge, including any Mortgage Loan Default, Senior Mezzanine Loan Default, Senior Mezzanine Loan Event of Default or Mortgage Loan Event of Default.

• Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default or Mortgage Loan Event of Default or satisfying any Liens, claims or judgments against the Property.

• The Mortgage Loan and each of the related Mortgage Loan Documents with respect to each Individual Property encumbered thereby are in full force and effect and there exists no Mortgage Loan Default thereunder by the applicable Mortgage Loan Borrower or Maryland Owner or, to Borrower’s knowledge, any other party thereto and no event has occurred that, with the passage of time and/or the giving of notice, would constitute a Mortgage Loan Default thereunder.

• Furthermore, the denial by Lender of a requested consent or approval shall not create any liability or other obligation of Lender if the denial of such consent or approval results directly or indirectly in a Mortgage Loan Default, and Borrower hereby waives any claim of liability against Lender arising from any such denial unless Lender has not complied with any applicable standard for consent.

More Definitions of Mortgage Loan Default

Mortgage Loan Default means any event, act or condition which with notice or lapse of time, or both, would constitute a Mortgage Loan Event of Default.

Mortgage Loan Default means, as to any Mortgage Loan, any failure of the obligor(s) (i) to pay any principal when the same becomes due and payable, (ii) to pay any interest or other amount within 60 days after the same becomes due and payable or (iii) to observe or perform any other material covenant or agreement within 60 days after the date such observance or performance becomes due.

Mortgage Loan Default means any “default” under the Mortgage Loan Agreement or under any other Mortgage Loan Document which, but for the giving of notice or passage of time, or both, would be Mortgage Loan Event of Default.

Mortgage Loan Default means Default, as defined in the Mortgage Loan Agreement.

Mortgage Loan Default means an “Event of Default” under and as

Mortgage Loan Default. As defined in Section 3.13(a).

Mortgage Loan Default means a default under any of the Mortgage Loan Documents.