Initial Mortgage Loan definition

Initial Mortgage Loan. A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

Initial Mortgage Loan. Any of the Initial Group I Mortgage Loans or Initial Group II Mortgage Loans included in the Trust Fund as of the Closing Date.

Initial Mortgage Loan. Any of the Mortgage Loans included in REMIC I as of the Closing Date.

Examples of Initial Mortgage Loan in a sentence

• Based on its review and examination, and only as to the documents identified in such Initial Certification, the Trustee acknowledges that such documents appear regular on their face and relate to such Initial Mortgage Loan.

• The Depositor hereby represents and warrants to the Trustee with respect to each Initial Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Initial Mortgage Loans to it by the Seller, the Depositor had good title to the Initial Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.

• The Depositor hereby represents and warrants to the Trustee with respect to each Initial Mortgage Loan as of the date hereof or such other date set forth herein that as of the Closing Date, and following the transfer of the Initial Mortgage Loans to it by each Seller, the Depositor had good title to the Initial Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.

• If pursuant to the foregoing provisions CHL repurchases an Initial Mortgage Loan that is a MERS Mortgage Loan, the Master Servicer shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to CHL and shall cause such Mortgage to be removed from registration on the MERS(R) System in accordance with MERS' rules and regulations.

• The Initial Mortgage Loan Schedule containing the Mortgage Loans sold by both Sellers is Exhibit A to the Sale and Servicing Agreement and shall also be attached as Schedule I to this Agreement and is hereby incorporated into this Agreement.

More Definitions of Initial Mortgage Loan

Initial Mortgage Loan. Such of the Mortgage Loans transferred and assigned to the Trustee on the Closing Date 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 on the Mortgage Loan Schedule as of the Closing Date, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

Initial Mortgage Loan. Any of the Initial Group I Mortgage Loans or Initial Group II Mortgage Loans.

Initial Mortgage Loan. The Mortgage Loans which are described (with complete statistical information included) in the Prospectus Supplement and which are included in the Trust Fund on the Closing Date.

Initial Mortgage Loan means any Mortgage Loan transferred to the Trust on the Closing Date.

Initial Mortgage Loan. Any of the Mortgage Loans included in the Trust Estate as of the Closing Date. The aggregate principal balance of the Initial Mortgage Loans as of the Cut-off Date is equal to approximately $1,179,104,506.

Initial Mortgage Loan. With respect to (i) a Mortgage Loan included in Loan Group 1, any Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date and (ii) a Mortgage Loan included in Loan Group 2, all such Mortgage Loans.

Initial Mortgage Loan. Any of the Mortgage Loans included in the Trust Fund as of the Closing Date. The aggregate principal balance of the Initial Mortgage Loans as of the Closing Date is equal to $76,882,417.30.