Eligible Mortgage Holder definition

Eligible Mortgage Holder means a First Mortgagee who has requested notice of certain matters from the Association in accordance with SECTION 9.1 of this Declaration.

Eligible Mortgage Holder means a holder, insurer, or guarantor of a first mortgage on a lot who has requested notice of certain matters from the Association as provided for in these Bylaws.

Eligible Mortgage Holder means a Lender that has provided a written request for notices to the Village Association, stating both its name and address and the Unit number or address of the Unit on which it holds the Mortgage.

Examples of Eligible Mortgage Holder in a sentence

• Notwithstanding the above, the approval of any proposed amendment by an Eligible Mortgage Holder shall be deemed implied and consented to if the Eligible Mortgage Holder fails to submit a response to any written proposal for an amendment within thirty (30) days after the Eligible Mortgage Holder receives notice of the proposed amendment sent by certified or registered mail, return receipt requested.

• No provision of the Condominium Documents shall be deemed or construed to give a Unit Owner, or any other person, priority over the rights of any Eligible Mortgage Holder under its mortgage in the case of a distribution of insurance proceeds or condemnation awards for losses to or taking of Units, Common Elements, or both.

• Obtain at least four of the following: ASCE – Engine Repair ASCE Automatic Transmission/Transaxle ASCE – Manual Drive Train & Axles ASCE Suspension & Steering ASCE Brakes ASCE Electrical/Electronic Systems ASCE Heating & Air Conditioning ASCE – Engine Performance ASCE Light Vehicle Diesel Engines Employees who satisfy the criteria will be promoted upon recommendation of the Department Head.

• An Eligible Mortgage Holder may examine the books, records and accounts of the Association at reasonable times.

• Further, the Developer hereby reserves the right to alter the boundaries between Units as long as the Developer owns the Units so altered; provided, however, no such change shall materially alter the boundaries of the Common Elements, nor change the proportion by which the Owners of Units share the Common Expenses or own the Common Surplus, and provided further that any Eligible Mortgage Holder of such altered Units must consent to the alteration.

More Definitions of Eligible Mortgage Holder

Eligible Mortgage Holder means any First Mortgagee who has sent the Association a written request for notice, as described in Section 12.7(b) of this Restated Declaration.

Eligible Mortgage Holder means a First Lender who has requested notice of certain matters from the Association in accordance with Section 9.6C.

Eligible Mortgage Holder means a holder of a first mortgage secured by a Lot who has requested notice of certain items as set forth herein.

Eligible Mortgage Holder means any holder of a first mortgage on a Unit which has requested that the Association notify it of any proposed action that requires the consent of a specific percentage of Eligible Mortgage Holders.

Eligible Mortgage Holder means the holder of a first mortgage or first deed of trust on a lot who has requested in writing that the Owners Association notify them of any proposed amendment to the Declaration, the Articles or the Bylaws.

Eligible Mortgage Holder means a First Lender who has requested notice of certain matters from the Association in accordance with section 9.6.C.

Eligible Mortgage Holder means and refer to the holder, insurer or guarantor of a First Mortgage encumbering any Unit who has given written notice to the Association in the manner provided in Section 15.10 herein of its desire to have notice of those matters, which are the subject of Sections 13.02 through 13.06 and 13.09 herein. The notice to the Association must state the name of the Mortgage Holder and the address to which notices to be sent should be directed and must sufficiently identify the Unit for which the Mortgage Holder holds a First Mortgage. It shall be the obligation of the Eligible Mortgage Holder to keep the Association informed of any change of address to which required notices should be sent.