Additional Mortgage Request definition

Additional Mortgage Request means, if applicable, a request from any Seller pursuant to clause 3.3 of the Mortgage Sale Agreement, substantially in the form of the notice in schedule 7 of the Mortgage Sale Agreement;
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Additional Mortgage Request means, if applicable, a request from the Warehouser or the Seller pursuant to clauses 2.2 or 3.2 of the Mortgage Sale Agreement, substantially in the form of the notice in Schedule 7 of the Mortgage Sale Agreement;
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Examples of Additional Mortgage Request in a sentence

  • Subject to each sale and purchase referred to in Clause 2.3 and the terms and conditions of this Agreement, the Seller and the Issuer agree that the Seller shall sell and the Issuer shall, if applicable, purchase the Additional Mortgages on the date specified in the relevant Additional Mortgage Request provided that such date is a Business Day falling on or prior to the second Principal Determination Date after the Closing Date.

  • At any time after the Closing Date and from time to time up to (and including) the second Principal Determination Date, a Warehouser may deliver an Additional Mortgage Request to the Seller, the Trustee and the Issuer requiring the Seller to purchase the Additional Mortgages specified therein.

  • If a Warehouser delivers an Additional Mortgage Request in accordance with Clause 2.2, the Issuer shall, following the purchase of such Additional Mortgages by the Seller, be required to purchase the Additional Mortgages specified therein from the Seller.

  • If a Warehouser delivers an Additional Mortgage Request in accordance with Clause 2.2, if applicable, the Issuer shall, following the purchase of such Additional Mortgages by the Seller, be required to purchase the Additional Mortgages specified therein from the Seller.

Related to Additional Mortgage Request

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Nontraditional mortgage product means any mortgage product other than a 30-year fixed rate mortgage.

  • Residential mortgage loan means any loan primarily for