Mortgage Subsidiary definition

Mortgage Subsidiary means any Subsidiary of the Company substantially all of whose operations consist of the mortgage lending business.

Mortgage Subsidiary means any corporation, limited partnership, limited liability company or business trust that is (a) organized after the Closing Date or designated by the Company as a Mortgage Subsidiary after the Closing Date, (b) a Subsidiary of the Company and (c) engaged in the Mortgage Banking Business.

Mortgage Subsidiary means any Subsidiary of the Company ------------------- substantially all of whose operations consist of the mortgage lending business.

Examples of Mortgage Subsidiary in a sentence

• The Company shall notify the Administrative Agent of the creation of any Mortgage Subsidiary within seven (7) Business Days after such creation.

• Mortgage Subsidiary shall mean each Subsidiary which is in the business of making residential mortgage loans.

• Prior to the Effective Time, NHP shall, and shall cause the Mortgage Subsidiary to, enter into a separation agreement providing for the Mortgage Subsidiary to assume all liabilities of NHP relating to the business and operations of the Mortgage Subsidiary and to indemnify NHP for, and hold NHP harmless from, such liabilities and all expenses, costs and losses related thereto, all on terms reasonably acceptable to AIMCO.

• The Loan Parties shall notify Agent of the creation of any Mortgage Subsidiary within seven (7) Business Days after such creation.

• Prior to the Merger, the Sellers and AIMCO shall use commercially reasonable efforts to contribute to the Mortgage Subsidiary the amount, if any, by which (x) NHP's Free Cash Flow for the period from February 1, 1997 until the Maturity Time, exceeds (y) NHP's Transaction Costs for such period and, if the Maturity Time occurs after the Merger, AIMCO shall cause NHP to contribute such amount to the Mortgage Subsidiary prior to the Maturity Time.

More Definitions of Mortgage Subsidiary

Mortgage Subsidiary means any Subsidiary of Hovnanian substantially all of whose operations consist of the mortgage lending business.

Mortgage Subsidiary means (1) Taylor Morrison Home Funding, LLC, (2) Mortgage Funding Direct Ventures, LLC and (3) any corporation, limited partnership, limited liability company or business trust that is (A) organized after the Reference Date or designated by an Issuer as a Mortgage Subsidiary pursuant to an Officer’s Certificate delivered to the Trustee and (B) a Subsidiary of a Restricted Parent; provided that, in the case of clause (1), (2) and (3), such Person is primarily engaged in the business it is engaging in on the Reference Date or is otherwise primarily engaged in the business of issuing mortgage loans on residential properties (whether for purchase of homes or refinancing of existing mortgages), purchasing and selling mortgage loans, issuing securities backed by mortgage loans, acting as a broker of mortgage loans and other activities customarily associated with mortgage banking and related businesses.

Mortgage Subsidiary means any Subsidiary of the Borrower engaged primarily in the mortgage origination and lending business.

Mortgage Subsidiary means a Subsidiary whose primary business is to originate and service loans secured by mortgages on real properties and, concurrently with any mortgage loan agreement entered into by such Subsidiary and the borrower of such mortgage loan, enters into a binding agreement of sale with a third party financial institution (a “Mortgage Loan Buyer”) in respect of the sale of such mortgage loan to such Mortgage Loan Buyer (to the extent such agreement is not already in existence) and recourse in respect of any such sale of such mortgage loan to a Mortgage Loan Buyer is limited solely to such Subsidiary and its Subsidiaries and not the Obligors and their other Subsidiaries.

Mortgage Subsidiary means NHP Financial Services, Ltd., a Delaware corporation.

Mortgage Subsidiary means (1) Xxxxxx Xxxxxxxx Home Funding, LLC, (2) Mortgage Funding Direct Ventures LLC, (3) ClosingMark Financial Group LLC, (4) ClosingMark Financial Services LLC, (5) ClosingMark Home Loans, Inc., (6) Polygon Mortgage LLC, (7) ClosingMark Funding, Inc. (f/k/a Übermortgage, Inc.) and (8) any corporation, limited partnership, limited liability company or business trust that is (A) organized after the Issue Date or designated by the Issuer as a Mortgage Subsidiary pursuant to an Officer’s Certificate delivered to the Trustee and (B) a Subsidiary of the Restricted Parent; provided that, in the case of clauses (1) through (8), such Person is primarily engaged in the business it is engaging in on the Reference Date or is otherwise primarily engaged in the business of issuing mortgage loans on residential properties (whether for purchase of homes or refinancing of existing mortgages), purchasing and selling mortgage loans, issuing securities backed by mortgage loans, acting as a broker of mortgage loans and other activities customarily associated with mortgage banking and related businesses.

Mortgage Subsidiary means the Restricted Subsidiary that Incurs Non-Recourse Indebtedness pursuant to clause (8) of Section 4.03(b).