Term of Mortgage. Loan Servicing Agreement. The duties, responsibilities, and obligations to be performed and carried out by Servicer under this Servicing Agreement shall commence upon the execution of this Servicing Agreement and shall terminate (a) as to any Mortgage Loan upon the distribution of the final payment or Liquidation Proceeds on the last Mortgage Loan or REO Property subject to this Servicing Agreement and (b) as to all the Mortgage Loans [(x) upon the expiration of a rolling 90 day term , if required in connection with a securitized financing or (y) otherwise] in accordance with the Standard Terms Agreement.
Term of Mortgage. The term of mortgage refers to the period from the effective date of this Contract to the expiry of limitation of action for the creditor’s right to the credit under the Credit Facility Agreement.
Term of Mortgage. The mortgage shall continue for two years after the date the limitation of actions with respect to the secured creditor’s right expires.
Term of Mortgage. This Mortgage shall be effective for the period from the date of this Mortgage through the date upon which all Secured Obligations have been paid or performed in full (as the case may be) (other than indemnity obligations that survive the termination of the Loan Documents and the Hedge Agreements). Upon the payment and performance in full of the Secured Obligations, Mortgagee shall promptly execute a full satisfaction of this Mortgage in the form appropriate for recording and deliver such satisfaction to Mortgagor.
Term of Mortgage. Each Mortgage shall terminate on the ---------------- date on which all payments under the respective Note have been made in full or otherwise converted pursuant to the terms thereof and the respective Obligations have been paid or discharged in full. Upon such termination, the respective Secured Party, at the request and at the expense of the Mortgagor, will join in executing any termination statement required for cancellation of the Mortgage from the Land Register or otherwise evidencing termination of the Mortgage. The Mortgagor shall be responsible for filing such termination notice with the Land Bureaux.
Term of Mortgage. Loan Servicing Agreement. The duties, responsibilities, and obligations to be performed and carried out by Servicer under this Servicing Agreement shall commence upon the execution of this Servicing Agreement and shall terminate (a) as to any Mortgage Loan upon the distribution of the final payment or Liquidation Proceeds on the last Mortgage Loan or REO Property subject to this Servicing Agreement and (b) as to all the Mortgage Loans (x) in accordance with the Standard Terms Agreement, or (y) if required in connection with a securitization financing, the Servicer hereby covenants and agrees to act as servicer under this Servicing Agreement for an initial term commencing on the Servicing Commencement Date and expiring on June 30, 1999 (the "Initial Term"), thereafter, the Initial Term shall be extendible by the Financial Security Assurance Inc. as securities insurer (the "Securities Insurer") written notice (each, a "Servicer Renewal Notice," of the Securities Insurer (or the Indenture Trustee if a Securities Insurer Event of Default is then occurring) for successive three month terms. The Master Servicer may, with the consent of the Securities Insurer, appoint a replacement Service, which shall be an eligible Service approved by the Securities Insurer. The Servicer hereby agrees that, as of the date hereof and upon its receipt of any Servicer Renewal Notice, the Servicer shall be bound for the duration of the Initial Term and the term covered by any such Servicer Renewal Notice to act as the Servicer, subject to and in accordance with the other provisions of this Servicing Agreement. The Servicer agrees that if, as of the last day of the calendar month preceding the last day of any such servicing term, the Servicer shall not have received a Servicer Renewal Notice, the Servicer shall, within five days thereafter, give written notice of such non-receipt to the Master Servicer, the Note Insurer and the Indenture Trustee. The failure of the Securities Insurer or any other party to deliver a Servicer Renewable Notice by the end of any such three-month term shall result in the automatic termination of the Servicer.
Term of Mortgage. This Mortgage and the mortgage and security interests granted herein shall terminate on the date on which all payments under the Debenture have been indefeasibly paid in full and all other Obligations have been paid or discharged; provided, however, that all indemnities of the Company contained in this Mortgage (including, without limitation, Annex 1 hereto) shall survive and remain operative and in full force and effect regardless of the termination of this Mortgage.
Term of Mortgage. The Bank’s rights under this Mortgage will continue until the Bank’s commitment to lend has been terminated or expired, and until all Obligations have been paid in full and performed.
Term of Mortgage. Mortgagee’s rights hereunder shall continue until such time as Borrower has paid and performed all of the Obligations, at which time Mortgagee shall satisfy this Mortgage of record.
