Current Mortgage Loan definition

Current Mortgage Loan. A residential mortgage loan that is a “Mortgage Loan” under the Current Spread Agreement.
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Current Mortgage Loan means a Mortgage Loan for which the last scheduled payment of debt service is not more than 30 days past due (without regard to any grace period) on and as of the Determination Date.
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Examples of Current Mortgage Loan in a sentence

  • The date on which a Current Mortgage Loan or Mortgage Loan is refinanced by Seller or an affiliate thereof.

  • According to GE’s proof of claim filed in the Chapter 11 Cases, the Current Mortgage Loan had a principal balance of $22,499,136.66 as of July 31, 2015.

  • The Current Mortgage Loan and all other TIC obligations will be paid in full as required by the Chapter 11 Plan.

  • The holder of the Current Mortgage Loan is GECMC 2005-C4 Metro Center, LLC, a Texas limited liability company (“GE”).

  • STATISTICAL CALCULATION MORTGAGE LOANS AND SUBSEQUENT MORTGAGE LOANS IN LOAN GROUP I CURRENT PRINCIPAL BALANCE Percentage of Aggregate Principal Number of Balance of Range of Statistical Statistical Current Mortgage Loan Calculation Aggregate Principal Calculation Mortgage PRINCIPAL BALANCE Mortgage Loans Balance Outstanding Loans ------------------------------------- -------------- ------------------- -------------------- 50,000 or less......................

  • The Mortgage Loan is a Current Mortgage Loan, and has been a Current Mortgage Loan for the twelve (12) months preceding the date of this Agreement, and there is no default, breach, violation or event of acceleration existing under the related Mortgage or the related Mortgage Note and no event (other than payments due) which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration.