Additional Mortgage Loan definition

Additional Mortgage Loan. A Mortgage Loan that is conveyed as of the Transfer Date to the Trust by the Depositor pursuant to a Transfer Supplement to the Mortgage Loan Purchase Agreement, which Mortgage Loan shall be identified in such Transfer Supplement as a Additional Mortgage Loan and added by the Depositor to the Mortgage Loan Schedule.]
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Additional Mortgage Loan. A Mortgage Loan for which the applicable Sold Percentage of the related Excess MSR is assigned to Purchaser in total or partial satisfaction of a Make Whole Amount.
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Additional Mortgage Loan means a Mortgage Loan with respect to which the Seller, (i) in order to eliminate the Shortfall Amount in whole or in part, assigns to the Purchaser the applicable Transaction Excess Spread Percentage of the Secondary Portfolio Excess Spread on such Additional Mortgage Loan, or (ii) in lieu of including any Modified Loan(s) in the Primary Portfolio or Secondary Portfolio, as applicable, assigns to the Purchaser the applicable Transaction Excess Spread Percentage of the Primary Portfolio Excess Spread or Secondary Portfolio Excess Spread, as applicable, on such Additional Mortgage Loan.
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Examples of Additional Mortgage Loan in a sentence

  • In connection therewith, the Depositor shall amend the Mortgage Loan Schedule to reflect the inclusion of such [Subsequent Mortgage Loan] [Additional Mortgage Loan] in the Mortgage Pool as part of the assets of the Trust Estate.

  • The Seller will also sell the benefit of all collections received (i) in respect of the Closing Mortgage Portfolio, for the period from the Cut-Off Date to the Closing Date and (ii) in respect of the Additional Mortgage Loans, for the period from the relevant Additional Mortgage Loan Cut-Off Date to the relevant Additional Purchase Date.

  • Not later than 90 days after the Closing Date [(or, in the case of [Subsequent] [Additional] Mortgage Loan, the Transfer Date)], the Custodian shall deliver to the Depositor, the Seller, the Master Servicer and the Servicer a Final Certification in the form annexed hereto as Exhibit B, with any applicable exceptions noted thereon.

  • The Issuer cannot guarantee that the value of a property will remain at the same level as on the date of origination of the related (i) Mortgage Loan on the Closing Date and (ii) Additional Mortgage Loan on the Additional Mortgage Loan Purchase Date, if applicable.

  • If the conditions for the purchase of Additional Mortgage Loans by the Issuer are not met prior to the Additional Mortgage Loan Purchase Date, then the Issuer will not be able to purchase such Additional Mortgage Loans, or may not be able to purchase Additional Mortgage Loans in an amount so as to fully utilise the Pre-Funding Reserves set aside on the Closing Date for that purpose.


More Definitions of Additional Mortgage Loan

Additional Mortgage Loan means any Mortgage Loan which is assigned by the Seller to the Mortgages Trustee on the Closing Date under the terms of the Mortgage Sale Agreement and referenced by its mortgage loan identifier number and comprising the aggregate of all principal sums, interest, costs, charges, expenses and other monies (including all Further Advances) due or owing with respect to that Mortgage Loan under the relevant Mortgage Conditions by a Borrower on the security of a Mortgage from time to time outstanding or, as the context may require, the Borrower's obligations in respect of the same;
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Additional Mortgage Loan means a Mortgage Loan with respect to which the Seller, (i) in order to eliminate the Shortfall Amount in whole or in part, assigns to the Purchaser the applicable Transaction Excess Spread Percentage of the Secondary Portfolio Excess Spread on such Additional Mortgage Loan, or (ii) in lieu of including any Modified Loan(s) in the Primary Portfolio or Secondary Portfolio, assigns to the Purchaser the applicable Purchased MSR Excess Spread on such Additional Mortgage Loan.
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Additional Mortgage Loan. Any of the Additional Group I Mortgage Loans or Additional Group II Mortgage Loans included in the Trust Fund as of the Closing Date.
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Additional Mortgage Loan. A Mortgage Loan added to the Mortgage Pool between the Statistical Calculation Date and the Closing Date as discussed in the Prospectus Supplement.
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Additional Mortgage Loan. A Mortgage Loan added to the Mortgage Pool between the Cut-off Date and the Closing Date as discussed in the Prospectus Supplement.
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Additional Mortgage Loan. Any mortgage loan for which the Owner ------------------------ and the Special Servicer mutually agree, subsequent to the execution of this Agreement, that such mortgage loan shall be governed by this Agreement. Additional Mortgage Loan Transfer Date(s): The date or dates upon ----------------------------------------- which the Special Servicer receives the transfer of additional servicing responsibilities with respect to Additional Mortgage Loans and begins to perform the servicing of such Additional Mortgage Loans in accordance with the terms set forth herein which dates shall be as set forth in the related Acknowledgment Agreement.
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Additional Mortgage Loan means a Mortgage Loan acquired by the Issuer during the Revolving Period on an Additional Mortgage Loans Sale Date.
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