Mortgaged Property definition

Mortgaged Property shall have the meaning assigned to such term in the recitals.
Mortgaged Property. The real property subject to the lien of a Mortgage.

Examples of Mortgaged Property in a sentence

For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C. LTV: The loan-to-value ratio which is a ratio of (a) the total principal balance of a Mortgage Loan to (b) the value of the Mortgaged Property at origination.

The secured / unsecured listed non-convertible debentures of the Group aggregating Rs. 12,000 Crores as on June 30, 2021 are secured against specified receivables and a first ranking pari passu mortgage over Specifically Mortgaged Property.


More Definitions of Mortgaged Property

Mortgaged Property. The underlying property securing a Mortgage Loan.
Mortgaged Property. The underlying property securing a Mortgage Loan including any REO Property, consisting of a fee simple estate, and, with respect to certain Mortgage Loans, a leasehold estate or both a leasehold estate and a fee simple estate, or a leasehold estate in a portion of the property and a fee simple estate in the remainder, in a parcel of land improved by a commercial or multifamily property, together with any personal property, fixtures, leases and other property or rights pertaining thereto.
Mortgaged Property. The real property securing repayment of the debt evidenced by a Mortgage Note. Mortgagor: The obligor on a Mortgage Note.
Mortgaged Property. The real property securing repayment of the debt evidenced by a Mortgage Note.