First Mortgage Loans definition

First Mortgage Loans means Mortgage Loans secured or collateralized by First Mortgages.

First Mortgage Loans means collectively (i) the mortgage loans identified on Schedule I to this Agreement and (ii) the Permitted Refinancing Loans, if any. "First Mortgage Loan" means individually any of the First Mortgage Loans.

First Mortgage Loans means the construction and initial permanent loan for the Project, obtained by the Partnership with the consent of both General Partners as provided in Section 4.04 hereof, repayment of which is secured by a first mortgage lien on the Project, and any refinancings or replacements thereof. It is contemplated that the First Mortgage Loan shall initially be the Mitsubishi Credit Facility.

Examples of First Mortgage Loans in a sentence

• For a credit-enhancing representation and warranty that is an off-balance sheet securitization exposure, see the discussion of “Treatment of Sales of 1-4 Family Residential First Mortgage Loans with Credit-Enhancing Representations and Warranties,” which includes an example, in the General Instructions for Schedule RC-R, Part II.

• Treatment of Sales of 1-4 Family Residential First Mortgage Loans with Credit-Enhancing Representations and Warranties RC-R-69 Treatment of Exposures to Sovereign Entities and Foreign Banks RC-R-70 Summary of Risk Weights for Exposures to Government and Public Sector Entities RC-R-72 Risk-Weighted Assets for Securitization Exposures RC-R-72 a.

• In the event of any termination, the Lender may no longer participate in or make First Mortgage Loans in connection with the City’s DALP Program.

• The Second Mortgage offered with the program’s First Mortgage Loans can provide up to 100% of the homebuyer’s cash to close.

• First Mortgage Loans not delivered, cleared of all exceptions, and eligible for purchase within 60 days of the Reservation Date will be automatically cancelled unless the Participating Lender requests an extension of time in writing to the Program Administrator prior to the expiration date.

More Definitions of First Mortgage Loans

First Mortgage Loans. $4,629,000 Second Mortgage Loan: $710,000 General Partner Equity $1,332,000 Limited Partner Equity: $1,065,649 Application of Funds Total Construction Cost $1,037,040 Soft Costs $5,994,965 Land $580,000 Development Fee $400,900

First Mortgage Loans means Mortgage Loans secured or collateralized, at the time of acquisition thereof, by First Mortgages;

First Mortgage Loans means, collectively, that certain Loan (as defined in the 1997 First Mortgage Loan Agreement) and that certain Loan (as defined in the 1996 First Mortgage Loan Agreement), and "FIRST MORTGAGE LOAN" means any one of them.

First Mortgage Loans. [*]% of the lesser of (i) the Mortgage Note Amount or (ii) the Committed Purchase Price

First Mortgage Loans shall refer to the fixed or adjustable rate mortgage loans secured by first liens on single family residential real property (including, without limitation, planned unit developments) certain documents relating to which have been delivered to the Custodian pursuant to the Custody Agreement.

First Mortgage Loans means, collectively, all Indebtedness of Borrower represented by the First Mortgage Notes.

First Mortgage Loans means, collectively, that certain Loan (as defined in the 1997 First Mortgage Loan Agreement) and that certain Loan (as defined in the 1996 First Mortgage Loan Agreement), and "First Mortgage Loan" means any one of them. "First Mortgage Loans Excess Cash Flow" means, collectively, the Excess Cash Flow (as defined in the 1997 First Mortgage Loan Agreement), and the Excess Cash Flow (as defined in the 1996 First Mortgage Loan Agreement).