Existing Mortgage Lender definition

Existing Mortgage Lender means Western Alliance Bank, an Arizona corporation.
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Existing Mortgage Lender means Garfield SRA Mortgage Investment, LLC, a Delaware limited liability company, together with its successors and assigns.
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Existing Mortgage Lender means U.S. Bank National Association, in trust for the holders of Comm 2013-WWP Mortgage Trust Commercial Mortgage Pass-Through Certificates, or any successor holder of the Existing Mortgage Loan.
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Examples of Existing Mortgage Lender in a sentence

  • None of Seller, Office Owner or Amenities Holdings has received written notice from Existing Mortgage Lender of any default, or event that with the passage of time or giving of additional notice would constitute a default, under the Mortgage Loan Documents, which remains uncured.

  • Existing Mortgage Lender Consents............................................

  • In the event that the Existing Mortgage Lender consents to the Mortgage Assignment, Purchaser shall pay to Seller at Closing, in addition to the Purchase Price, an amount equal to one-half of the mortgage recording tax savings available to Purchaser as a result of such Mortgage Assignment.

  • Existing Mortgage Lender Consents..............................................................

  • Existing Mortgage Lender Consents..........................34 Section 5.11.

  • Purchaser shall pay all reasonable legal fees and expenses incurred by the Existing Mortgage Lender in connection therewith.

  • Existing Mortgage Lender Consents............................34 Section 5.11.

  • Prior to the Closing Date, each applicable Existing Mortgage Lender shall deliver to the Agent the original of its respective Existing Mortgage Note (or if lost, a lost note affidavit in form and substance reasonably satisfactory to the Agent).

  • Notwithstanding the foregoing, (a) Seller shall not be obligated to pay any fee or cost to the Existing Mortgage Lender, incur any expense in respect of the Mortgage Assignment or the recording thereof or incur any liability in connection therewith, and (b) the failure of Purchaser to obtain the Mortgage Assignment shall not be deemed a default or a failure of a condition to Closing and shall in no way alter Purchaser’s obligations hereunder to acquire the Property for the full Purchase Price.


More Definitions of Existing Mortgage Lender

Existing Mortgage Lender shall have the meaning provided for such term in the first paragraph of this Agreement.
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Existing Mortgage Lender shall have the meaning given to such term in Section 28 hereof.
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Related to Existing Mortgage Lender

  • Mortgage lender means a domestic or foreign corporation authorized in this state to make loans secured by mortgages or deeds of trust.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mezzanine Lender shall have the meaning set forth in the first paragraph of this Agreement.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Facility Mortgage As defined in Section 13.1.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Replacement Mortgage Loan A Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller for a Deleted Mortgage Loan, which must, on the date of such substitution, as confirmed in a Request for Release, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not less than 90% of, the Stated Principal Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan is a fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more than 1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have the same or higher credit quality characteristics than that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (vi) not permit conversion of the Mortgage Rate from a fixed rate to a variable rate; (vii) have the same lien priority as the Deleted Mortgage Loan; (viii) constitute the same occupancy type as the Deleted Mortgage Loan or be owner occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (xiii) comply with each representation and warranty set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv) the Custodian has delivered a Final Certification noting no defects or exceptions.

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • 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.

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Mezzanine Loan Documents means the “Loan Documents” as defined in the Mezzanine Loan Agreement.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Facility Mortgagee means the holder of any Facility Mortgage.