Mortgages definition
Examples of Mortgages in a sentence
The Indenture Documents, the Collateral Transaction Documents, the Account Agreements, the Depository Agreements, any Variable Funding Note Purchase Agreement, any Swap Contract, any Series Hedge Agreement and any Enhancement Agreement with respect to each Series of Notes (other than the Mortgages) are in full force and effect.
The Trustee shall have no obligation to prepare any Mortgages in the event the Manager fails to do so.
Neither the Trustee nor any custodian on behalf of the Trustee shall be under any duty or obligation to inspect, review or examine any such Mortgages or to determine that the same are valid, binding, legally effective, properly endorsed, genuine, enforceable or appropriate for the represented purpose or that they are in recordable form.
In the event that, following the occurrence of a Mortgage Recordation Event, the Manager is unwilling or unable to satisfy the Master Issuer’s obligations with respect to the preparation of Mortgages, the Servicer shall cause the preparation, execution and delivery of the Mortgages in accordance with the terms of the Servicing Agreement.
Within ninety (90) days of such Mortgage Preparation Event, the Master Issuer shall deliver such Mortgages to the Trustee or a third-party service provider engaged by the Trustee, to be held for the benefit of the Secured Parties in the event a Mortgage Recordation Event occurs (subject to Section 3.1(c)).