Conveyed Mortgage Loans definition

Conveyed Mortgage Loans. The Mortgage Loans sold, transferred, assigned and conveyed to the Trustee by the Seller pursuant to Section 2.1 and identified in the Mortgage Loan Schedule. Custodian: State Street, or any other party appointed as Custodian under the Revolving Loan Purchase Agreement.
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Conveyed Mortgage Loans. The Mortgage Loans sold, transferred, assigned and conveyed to the Trustee by the Seller pursuant to Section 2.1 and identified in the Mortgage Loan Schedule. Custodian: State Street, or any other party appointed as Custodian under the Revolving Loan Purchase Agreement. Cut-Off Date: July 1, 1999.
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Conveyed Mortgage Loans. The Mortgage Loans sold, transferred, assigned and conveyed to the Trustee by the Seller pursuant to Section 2.1 and identified in the Mortgage Loan Schedule. Custodian: State Street, or any other party appointed as Custodian under the Revolving Loan Purchase Agreement. Cut-Off Date: April 1, 1999. Fairway: The meaning given in the introductory paragraph hereto. Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note. Mortgage Loan: An individual mortgage loan, including the related Mortgage Note and Mortgage. Mortgage Loan File: With respect to any Conveyed Mortgage Loan, the documents described in the definition of "Mortgage Loan File" in the Revolving Loan Purchase Agreement. Mortgage Loan Schedule: The schedule of Mortgage Loans attached hereto as Schedule I. Mortgage Note: The note or other evidence of the indebtedness of a
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Examples of Conveyed Mortgage Loans in a sentence

  • On the terms and conditions set forth herein, the Seller desires to sell and the Trustee desires to purchase the Conveyed Mortgage Loans and certain related rights.

  • Concurrently herewith, the Seller shall notify the Custodian of the Conveyance of the Conveyed Mortgage Loans and cause the Custodian to release the related Mortgage Loan Files to or upon the order of the Trustee by executing a Notice and Instruction to Custodian in the form attached hereto as Exhibit A.

  • Conveyance: The meaning given in Section 2.1. Conveyed Assets: The meaning given in Section 2.1. Conveyed Mortgage Loans: The Mortgage Loans sold, transferred, assigned and conveyed to the Trustee by the Seller pursuant to Section 2.1 and identified in the Mortgage Loan Schedule.


More Definitions of Conveyed Mortgage Loans

Conveyed Mortgage Loans. The Mortgage Loans sold, transferred, assigned and conveyed to the Trustee by the Seller pursuant to Section 2.1 and identified in the Mortgage Loan Schedule. Custodian: State Street, or any other party appointed as Custodian under the Revolving Loan Purchase Agreement. Cut-Off Date: May 1, 1999. Fairway: The meaning given in the introductory paragraph hereto. Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note. Mortgage Loan: An individual mortgage loan, including the related Mortgage Note and Mortgage. Mortgage Loan File: With respect to any Conveyed Mortgage Loan, the documents described in the definition of "Mortgage Loan File" in the Revolving Loan Purchase Agreement. Mortgage Loan Schedule: The schedule of Mortgage Loans attached hereto as Schedule I. Mortgage Note: The note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan. Mortgagor: The obligor on a Mortgage Note. PNC: The meaning given in the introductory paragraph hereto. Person: any individual, corporation, estate, partnership, limited liability company, joint venture, association, joint stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. Pooling Agreement: The meaning given in the introductory paragraph hereto. Purchase Price: The meaning given in Section 2.1. Revolving Loan Purchase Agreement: The meaning given in the introductory paragraph hereto. Seller: The meaning given in the introductory paragraph hereto. State Street: The meaning given in the introductory paragraph hereto. Trustee: The meaning given in the introductory paragraph hereto. ARTICLE II
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Related to Conveyed Mortgage Loans

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Covered Mortgage Loan Any Mortgage Loan that is covered by a PMI Policy.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.