Mortgagors definition

Mortgagors refers solely to the “Mortgagors” (within the meaning of the Pooling and Servicing Agreement) with respect to such Mortgage Loans.

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Mortgagors means the mortgagors, grantors of installment sale contracts, grantors of security deeds, grantors of trust deeds and deeds of trust, and the grantors of any Mortgages.

Mortgagors as used in this Lease shall include any mortgagor or any grantor under a deed of trust.

Examples of Mortgagors in a sentence

• The Certificate Registrar shall give prompt written notice to the Certificateholders and the Mortgagors of any change in the location of the Certificate Register or any such office or agency.

• Purchaser shall have no obligation to reimburse Seller for negative escrow balances or negative suspense balances and shall be entitled to hold and maintain on behalf of the related Mortgagors all positive escrow balances and positive suspense balances as of the applicable Cut-Off Date.

• The Mortgagors have the right to obtain a PACE Loan for an amount not to exceed $10,000,000, without the consent of the lender or rating agency confirmation.

• All such Advances shall be reimbursable in the first instance from related collections from the Mortgagors and further as provided in Section 3.05(a).

• As part of its servicing duties, the applicable Master Servicer shall pay or cause to be paid to the related Mortgagors interest on funds in Servicing Accounts, to the extent required by law or the terms of the related Mortgage Loan or Companion Loan; provided, however, that in no event shall the applicable Master Servicer be required to remit to any Mortgagor any amounts in excess of actual net investment income or funds in the related Servicing Account.

More Definitions of Mortgagors

Mortgagors means the maker(s), obligor(s) and/or guarantor(s) of a Mortgage Note.

Mortgagors means the obligor(s) on a Mortgage Note.

Mortgagors refers solely to the “Mortgagors” (within the meaning of the Pooling and Servicing Agreement) with respect to such Mortgage Loans. The Seller and the GCMC Guarantor hereby acknowledge that the GCMC Guarantor, which is under common control and ownership with the Seller, will benefit from the transactions contemplated by this Agreement and that the Purchaser is not willing to enter into this Agreement or the transactions contemplated hereby in the absence of the agreement of each of the Seller and the GCMC Guarantor set forth in this Agreement.

Mortgagors. The obligor on a Mortgage Note.

Mortgagors means, collectively, each Loan Party executing a Mortgage, and “Mortgagor” means any one of the Mortgagors.

Mortgagors means, collectively, each Subsidiary Guarantor executing a Mortgage, and “Mortgagor” means any one of the Mortgagors.

Mortgagors shall also refer to any subsequent owners or lessees of all or any portion of the Mortgaged Property.