Blanket Mortgage definition
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property.
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property. Book-Entry Certificates: Beneficial interests in Certificates designated as “Book-Entry Certificates” in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be “Book-Entry Certificates.” As of the Closing Date, all of the Classes of Certificates listed in the third table of the Preliminary Statement, other than the Class P, Class E and Class R Certificates, constitute Book-Entry Certificates.
Blanket Mortgage. The mortgage or mortgages encumbering a ---------------- Cooperative Property. Book-Entry Certificates: Beneficial interests in Certificates ----------------------- designated as "Book-Entry Certificates" in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be "Book-Entry Certificates." As of the Closing Date, the following Classes of Certificates constitute Book-Entry Certificates: the Class 1-A, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-AP, Class 2-AX, Class B1, Class B2 and Class B3 Certificates.
Examples of Blanket Mortgage in a sentence
From time to time Lender shall also cause to be released from the lien of a Resort Blanket Mortgage those Intervals with respect to which the related Pledged Receivable has been fully paid and fully performed.
Upon satisfaction in full of an Obligor's obligations under a Receivable, Lender shall release its security interest in such Obligor's Receivable and, in connection therewith, shall execute such amendments or partial releases to the related Resort Blanket Mortgage as shall be necessary to enable the applicable Borrower to convey an unencumbered deed to the related Interval to such Obligor.
Further, at the Bank’s request and sole option, the Borrower will physically deliver to the Bank all documentation as to Specific Mortgage Collateral and/or Blanket Mortgage Collateral (including, without limitation, any participation certificates or other evidence thereof) and/or endorse in favor of the Bank all or any portion of same.
The Company’s self-evaluation revealed an issue with respect to potential charges in excess of the filed and/or approved rates for its lender-placed products (i.e. Blanket Mortgage Security (“BMS”) and Collateral Protection Insurance (“CPI”)), and corrections to its commercial single interest products (i.e. Lender Single Interest (“LSI”) and Vendor Single Interest (“VSI”)) .
Such written notices shall not initially be required where a Borrower’s Blanket Mortgage Collateral provides collateral for the Obligations (i.e., if Sections 2(c) or 2(d) above has been utilized by the Borrower).
More Definitions of Blanket Mortgage
Blanket Mortgage. Not applicable.
Blanket Mortgage. The mortgage or mortgages encumbering the Cooperative Property.]
Blanket Mortgage means the mortgage or mortgages encumbering the Cooperative Property.
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property. Book-Entry Certificates: Beneficial interests in Certificates designated as "Book-Entry Certificates" in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be "Book-Entry Certificates." As of the Closing Date, all of the Classes of Certificates listed in the second table of the Preliminary Statement, other than the Class P and Class R Certificates, constitute Book-Entry Certificates.
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property. Book-Entry Certificates: Beneficial interests in Certificates designated as "Book-Entry Certificates" in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be "Book-Entry Certificates." As of the Closing Date, all of the Classes of Certificates listed in the second table of the Preliminary Statement, other than the Class R Certificates, constitute Book-Entry Certificates. Business Day: Any day other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions in Colorado, Maryland, New York, New York or, if other than New York, the city in which the Corporate Trust Office of the Trustee is located, or (iii) with respect to any Remittance Date or any Servicer reporting date, the States specified in the definition of "Business Day" in the applicable Servicing Agreement, are authorized or obligated by law or executive order to be closed. Certificate: Any one of the certificates signed and countersigned by the Trustee in substantially the forms attached hereto as Exhibit A.
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property. BOOK-ENTRY CERTIFICATES: Beneficial interests in Certificates designated as "Book-Entry Certificates" in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be "Book-Entry Certificates." As of the Closing Date, all of the Classes of Certificates listed in the second table of the Preliminary Statement, other than the Class E, Class P and Class R Certificates, constitute Book-Entry Certificates. BUSINESS DAY: Any day other than (i) a Saturday or a Sunday, (ii) a day on which banking institutions in Colorado, Minnesota, Maryland, New York, New York, or, if other than New York, the city in which the Corporate Trust Office of the Trustee is located, or (iii) with respect to any Remittance Date or any Servicer reporting date, the States specified in the definition of "Business Day" in the applicable Servicing Agreement, are authorized or obligated by law or executive order to be closed. CERTIFICATE: Any one of the certificates signed by the Trustee and authenticated by the Authenticating Agent in substantially the forms attached hereto as Exhibit A.
Blanket Mortgage. The mortgage or mortgages encumbering a Cooperative Property. Book-Entry Certificates: Beneficial interests in Certificates designated as “Book-Entry Certificates” in this Agreement, ownership and transfers of which shall be evidenced or made through book entries by a Clearing Agency as described in Section 3.09; provided, that after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Certificates are to be issued to Certificate Owners, such Book-Entry Certificates shall no longer be “Book-Entry Certificates.” As of the Closing Date, all of the Classes of Certificates other than the Class R and Class I Certificate, will constitute Book-Entry Certificates.