Mortgage REIT definition

Mortgage REIT means an entity the securities of which are publicly traded, organized and operated in compliance with the REIT Provisions of the Code, that invests primarily in Mortgage Assets and follows investment strategies substantially similar to those employed by the Company.
View Source
Mortgage REIT means a company that invests in primarily mortgage-backed securities and other mortgage related assets and that is qualified as a real estate investment trust for purposes of federal income taxation); (ii) the Company knows of a limited number of persons who have developed the Business; (iii) the Business is, in part, national in scope; (iv) the Executive’s work for the Company and its subsidiaries has given and will continue to give the Executive access to the confidential affairs and proprietary information of the Company and to trade secrets of the Company and its subsidiaries; (v) the covenants and agreements of the Executive contained in this Section 8 are essential to the business and goodwill of the Company; and (vi) the Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 8.
View Source
Mortgage REIT. Any real estate investment trust primarily engaged in providing mortgage financing (as opposed to equity investment in real property) and which, at the time of determination, does not own or maintain equity investments in any luxury hotels of a similar quality and class to that of the Real Property (other than as a result of foreclosure, deed in lieu of foreclosure or other exercise of remedies in connection with a mortgage financing).
View Source

Examples of Mortgage REIT in a sentence

  • During such one year period, the Employee shall not solicit any employees of the Company to work for any Residential Mortgage REIT.

  • Employee's level of participation shall be reasonably determined by the Board of Directors of the Manager after the allocation of stock options has been made to the Manager by the Mortgage REIT.

  • It is understood by Employee that nothing contained herein guarantees or grants him an award of stock options from the Mortgage REIT.

  • Employee and the LLC agree that Employee's participation in said stock option plan shall be subject to such regulations and limitations as may be established by the Mortgage REIT stock option plan as adopted by the Mortgage REIT Board of Directors.

  • It is anticipated by both the LLC and the Employee that the LLC will form a Mortgage Real Estate Investment Trust ("the Mortgage REIT") which will be managed by an independent manager (the "Manager") which will be majority owned by the LLC.

  • N/A 51 % 0 % CMTG/CN Mortgage REIT LLC ▇▇▇▇▇▇ Mortgage Trust, Inc.

  • Notwithstanding the above, if the LLC shall fail to establish the Mortgage REIT on or before December 31, 1997 (the "Decision Date") or if it is acknowledged by the LLC that it will be unable to establish the Mortgage REIT then the LLC shall offer Employee another position within the LLC of equal stature and compensation and if the LLC fails to do so then the Employee shall be entitled to his Base Compensation and guaranteed bonus through June 30, 1998 and the Employee may seek other full time employment.

  • Angel Oak Mortgage REIT TRS, LLC Delaware Limited Liability Company Angel Oak Mortgage, Inc.

  • Employee shall be eligible to participate in any stock option plan adopted by the Mortgage REIT during his term of employment.

  • By: ________________________________ Name: Title: INDEMNITEE: ____________________________________ Name: Address: To: The Board of Directors of Angel Oak Mortgage REIT, Inc.