Substitute Mortgage definition

Substitute Mortgage means a mortgage indenture of the Company, other than the Mortgage, designated by the Company to the Trustee as a Substitute Mortgage pursuant to Section 4.03 hereof. The lien of the Substitute Mortgage shall have such priority, and be with respect to such property, as shall be specified by the Company in its sole discretion.

Substitute Mortgage means a mortgage indenture of the Company, other than the Mortgage, designated by the Company to the Trustee as a Substitute Mortgage pursuant to Section 4.03 hereof.

Substitute Mortgage has the meaning set forth in the definition of “Substitute Loan Documents.”

Examples of Substitute Mortgage in a sentence

• Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date.

• Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall be retained by the Seller.

• In connection with any such substitution, the Seller shall be deemed to have made as to such Qualified Substitute Mortgage Loan the representations and warranties set forth in this Agreement except that all such representations and warranties set forth in this Agreement shall be deemed made as of the date of such substitution.

• The Company shall deposit in the Custodial Account the Monthly Payment less the Servicing Fee due on such Qualified Substitute Mortgage Loan or Loans in the month following the date of such substitution.

• The Company shall effect such substitution by delivering to the Custodian for such Qualified Substitute Mortgage Loan the documents required by Section 2.03, with the Mortgage Note endorsed as required by Section 2.03.

More Definitions of Substitute Mortgage

Substitute Mortgage is defined in Section 24.

Substitute Mortgage means a mortgage, deed of trust or deed to secure debt made by Borrower in favor of Lender, securing the Loan, encumbering New Property, substantially identical in form and substance to this Deed of Trust, with such modifications as Lender shall determine are necessary to conform such document to the laws of the State or Commonwealth in which the New Property is situated.

Substitute Mortgage. 2.3 "Substitute Property" - 2.3 "Substitution" - 2.3 "Substitution Date" - 2.3 "Successor Borrower" - 2.4.4 "Tax and Insurance Escrow Fund": - 4.3 "Tax and Insurance Account" - 4.1.3 "Total Defeasance"-2.4.1 "Transfer" - 7.7 "UBS Group" - 10.1.3 "Undefeased Note" - 2.4.2 "Underwriter Group" - 10.1.3 "Underwriters" - 10.1.3 "Voluntary Prepayment" - 3.2.1 "XXXX" - 7.7 "WEA" - 7.7 "Westfield" - 7.7 "Year 2000" - 6.18

Substitute Mortgage means, in relation to:

Substitute Mortgage shall have the meaning provided in Section 2.21.

Substitute Mortgage is defined in Section 24. (nn) WAREHOUSE FACILITY. The facility described in Section 1 as it may be amended, supplemented, modified or replaced is referred to as the "WAREHOUSE FACILITY."

Substitute Mortgage is defined in Section 3.7.