Modified Mortgage Loan. Any Mortgage Loan that has been the subject of a Servicing Modification.

Modified Mortgage Loan. Any Mortgage Loan which the Servicer has modified pursuant to Section 5.01.

Modified Mortgage Loan. Any Mortgage Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.20 in a manner that:

Examples of Modified Mortgage Loan in a sentence

In the case of a Mortgage Loan that becomes a Split Mortgage Loan or a Modified Mortgage Loan for the purposes of arrears management procedures, such Split Mortgage Loan or Modified Mortgage Loan shall be divided into two accounts, the Main Mortgage Account and the Warehoused Mortgage Account, for the purpose of reducing the relevant Borrower's monthly payments.
If a Mortgage Loan becomes a Split Mortgage Loan or a Modified Mortgage Loan such Mortgage Loan (including both the Main Mortgage Account and Warehoused Mortgage Account parts) shall remain in the Mortgage Portfolio.
In the case of a Mortgage Loan that becomes a Split Mortgage Loan or a Modified Mortgage Loan, for the purposes of determining the interest amount payable in respect of such Mortgage Loan, the Current Balance of such Mortgage Loan will be deemed to be reduced by the principal balance of the related Warehoused Mortgage Account.

More Definitions of Modified Mortgage Loan

Modified Mortgage Loan. Any Mortgage Loan that the Master Servicer has modified pursuant to Section 3.12.

Modified Mortgage Loan. Any Specially Serviced Mortgage Loan which has been modified by the Special Servicer pursuant to Section 3.20 in a manner that:

Modified Mortgage Loan. As defined in Section 3.12(a).

Modified Mortgage Loan. Any Specially Serviced Mortgage Loan which has been modified by the applicable Special Servicer pursuant to Section 3.20 in a manner that:

Modified Mortgage Loan. Any Xxxxxxgx Xxxn that has been the subject of a Servicing Modification.

Modified Mortgage Loan. Any Modifiable Mortgage Loan as to which the related Mortgagor has exercised the right to modify the Mortgage Rate.

Modified Mortgage Loan. Any Mortgage Loan which the Company has modified pursuant to Section 3.01(c).