Mortgage Sale Agreement definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Mortgage Sale Agreement means the mortgage sale agreement entered into on or about the Initial Closing Date among the Seller, the Mortgages Trustee, Funding and the Security Trustee in relation to the assignment from time to time of the Mortgage Portfolio to the Mortgages Trustee as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement mortgage sale agreement entered into by such parties from time to time in accordance with the Transaction Documents;

Mortgage Sale Agreement means the mortgage sale agreement entered into on the Programme Date by and among the Seller, the Guarantor and the Bond Trustee (as amended and/or restated and/or supplemented from time to time);

Examples of Mortgage Sale Agreement in a sentence

However, this would only be permitted if the conditions precedent relating to New Sellers acceding to the relevant Transaction Documents (more fully described under Summary of the Principal Documents – Mortgage Sale Agreement – New Sellers below) are met.
Pursuant to the provisions of the Mortgage Sale Agreement, the Seller assigned the Initial Closing Trust Property to the Mortgages Trustee on the Initial Closing Date.
In relation to all sums due and payable by the Mortgages Trustee to the Administrator, the Administrator agrees that it shall have recourse only to sums paid to or received by (or on behalf of) the Mortgages Trustee pursuant to the provisions of the Mortgage Sale Agreement, the other Transaction Documents and in relation to the Mortgages.
Any such loans will be purchased by Lloyds Bank plc pursuant to an intercompany mortgage sale agreement, before Lloyds Bank plc (in its capacity as Seller) sells them to the LLP pursuant to the Mortgage Sale Agreement.
As a result, legal title to English Loans and Scottish Loans, together with, in each case, their Related Security will remain with the relevant Originator, which may not be the Seller (under the terms of the Intercompany Mortgage Sale Agreement, BOS will retain legal title to the Halifax Loans and their Related Security until the occurrence of certain perfection events set out therein).

Mortgage Sale Agreement means the mortgage sale agreement dated on or about the date of this Agreement between the Sellers, the Administrators, the Issuer and the Trustee in relation to the sale and purchase of the Mortgages;

Mortgage Sale Agreement means the agreement dated on or about the date of this Agreement between the Seller, the Warehousers, PML (in its capacity as Administrator), the Issuer and the Trustee, whereby the Issuer acquired or is to acquire the Mortgages, as from time to time supplemented or modified;

Mortgage Sale Agreement means, the mortgage sale agreement entered into on the Programme Establishment Date, and most recently amended and restated as of June 24, 2013, by and among the Seller, the Guarantor LP and the Bond Trustee, as the same may be amended, varied, supplemented, restated or extended from time to time;

Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2019, 16 June 2020, 30 April 2021 and 6 March 2023, made between the Seller, the LLP and the Security Trustee (as the same may be amended, restated, supplemented, replaced or novated from time to time) and, where the context so requires, including any New Mortgage Sale Agreement entered into from time to time between any New Seller, the LLP and the Security Trustee;

Mortgage Sale Agreement means the mortgage sale agreement dated September 30, 2013 made between the Seller, the Guarantor, and the Bond Trustee (as the same may be or have been amended, restated or supplemented from time to time with the consent of those parties). Save where the context otherwise requires, words and expressions in this notice shall have the same meanings respectively as when used in the Mortgage Sale Agreement. In accordance with and subject to Section 11 of the Mortgage Sale Agreement we make an offer to you on the following terms:

Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008 and as further amended and restated on 25 June 2014 made between Santander UK plc (1) the LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties). Save where the context otherwise requires, words and expressions in this Selected Loan Offer Notice shall have the same meanings respectively as when used in the Mortgage Sale Agreement. In accordance with and subject to Clause 9 of the Mortgage Sale Agreement we make an offer to you on the following terms:

Mortgage Sale Agreement means the mortgage sale agreement dated on or about the Closing Date and made between the Seller, the Issuer, the Security Trustee and the Servicer in relation to the sale of the Loans to the Issuer; Mortgaged Property has the same meaning as Property; Mortgagee means the person for the time being entitled to exercise the rights of the mortgagee under a Mortgage or (in Scotland) heritable creditor under a Mortgage; Nationwide House Price Index means the index of increases or decreases in house prices issued by Nationwide Building Society in relation to residential properties in the United Kingdom;