Related Mortgage definition

Related Mortgage as defined in Annex A of the Mortgage.
View Source
Related Mortgage. (1) a mortgage (other than the Mortgage) that (y) covers a Boeing model 737-7BD aircraft to be delivered pursuant to the Purchase Agreement and (z) is entered into in connection with any Related Loan Agreement or (2) either of the PDP Security Agreements.
View Source
Related Mortgage means (a) with respect to a particular Bond Property, the Related Bond Mortgage and the Related Second Mortgage, collectively, encumbering such Bond Property, and (b) with respect to a particular Additional Mortgaged Property, the Reimbursement Mortgage encumbering such Additional Mortgaged Property.
View Source

Examples of Related Mortgage in a sentence

  • Seller agrees that Purchaser is the 100% beneficial owner of all Servicing Records relating to the Related Mortgage Loans.

  • Guarantor will comply in all material respects with the rules and procedures of MERS in connection with the servicing of all Related Mortgage Loans that are registered with MERS for as long as such Related Mortgage Loans are so registered.

  • Seller and Purchaser further recognize that the beneficial interest in the Related Mortgage Loans evidenced by a Participation Certificate shall constitute an “interest in a mortgage loan” as that term is used in Section and 741(7)(A)(i) of Bankruptcy Code.

  • In the event of such an appointment, Guarantor and Seller, as applicable, shall perform all acts and take all action so that any part of the Mortgage Loan File and related Servicing Records held by Guarantor or Seller, together with all funds in the Custodial Account and other receipts relating to such Related Mortgage Loan, are promptly delivered to the Successor Servicer.

  • Guarantor and Seller may delegate its obligations hereunder to service the Related Mortgage Loans (subject to Section 6.2) to one or more Servicers; provided that any such Servicer has been approved by Buyer and such Servicer has executed a Servicing Agreement, in a form acceptable to Buyer, with Guarantor.


More Definitions of Related Mortgage

Related Mortgage means, with respect to a particular Facility, the Mortgage relating to such Facility.
View Source
Related Mortgage means, with respect to a particular Individual Property, the Mortgage encumbering such Individual Property.
View Source
Related Mortgage means the “Mortgage” as defined in the Related Loan Agreement.
View Source
Related Mortgage means [**].
View Source
Related Mortgage. - means collectively the [Arizona Mortgage, Florida Mortgage, the Georgia Mortgage, the Illinois Mortgage, the Kentucky Mortgage, the Pennsylvania Mortgage, the Vermont Mortgage] or any mortgage or deed of trust or deed to secure debt securing any Substitute Property.
View Source
Related Mortgage means the Mortgage executed by the Borrower that is the obligor under the Release Note (hereinafter defined).
View Source
Related Mortgage means each Mortgage and Security Agreement between the Borrower and the Mortgagee pursuant to which Borrower has granted a security interest over a Related Aircraft (and related collateral), to secure Borrower’s applicable Related Secured Obligations; provided that such agreement shall cease to be a “Related Mortgage” (and all provisions in this Mortgage relating to any Related Event of Default or Related Secured Obligations by reference to such Related Mortgage shall cease to be of any force and effect) if the Loan Participant on the Delivery Date (and/or any of its Affiliates) shall not hold, collectively, at least (i) 50% of the Loan Certificates and (ii) 50% of the “Loan Certificates” under and as defined under such Related Mortgage. 11
View Source