Mortgage Noteholder definition

Mortgage Noteholder means and include each holder from time to time of a Mortgage Note issued under the Mortgage Note Agreements.
View Source
Mortgage Noteholder has the meaning ascribed to such term in the Recitals hereof.
View Source
Mortgage Noteholder means each holder from time to time of an outstanding Mortgage Note.
View Source

Examples of Mortgage Noteholder in a sentence

  • It is agreed that if Noteholder should institute a suit for the collection of the Note or any other secured indebtedness and for the foreclosure of this Mortgage, Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Property in accordance with the provisions of this Mortgage.

  • It is agreed that if Noteholder should institute a suit for the collection of the Indebtedness and/or for the foreclosure of this Mortgage, Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Mortgaged Property in accordance with the provisions of this Mortgage.

  • No failure by any Mortgage Noteholder to insist upon the strict performance of any term hereof or under the other Security Documents or any other Agreement, or to exercise any right, power or remedy consequent upon a breach hereof or thereof, shall constitute a waiver of any such term or of any such breach.

  • No waiver by any Mortgage Noteholder of any Default or Event of Default shall be deemed to be a waiver of any other or similar, previous or subsequent Default or Event of Default.

  • If there is a default under the provisions of the Note or of this Mortgage, Noteholder may elect, at any time after default, to apply the funds accumulated under this provision against the Indebtedness in any manner or order.

  • No Mortgage Noteholder shall, by reason of accepting, rejecting, approving or obtaining insurance incur any liability for the existence, nonexistence, form or legal sufficiency thereof, the solvency of any insurer, or the payment of any losses.

  • It is agreed that if Noteholder should institute a suit for the collection of the Indebtedness and for the foreclosure of this Mortgage, Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Mortgaged Property in accordance with the provisions of this Mortgage.

  • The Company hereby confirms for the benefit of each Mortgage Noteholder that each of its representations and warranties in the Securities Purchase Agreement was true and correct when made and on the Closing Date thereunder.

  • No transfer, by operation of law or otherwise, of any Mortgage Note or other right, title and interest of any Mortgage Noteholder in and to the Collateral or hereunder shall operate to terminate the Security Documents or entitle any successor or transferee of such Mortgage Noteholder to an accounting or to the transfer to it of legal title to any part of the Collateral.

  • No Mortgage Noteholder shall have legal title to any part of the Collateral.

Related to Mortgage Noteholder

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Mortgage Note The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.