Loan Parts definition
Examples of Loan Parts in a sentence
Mortgage Loans may consist of one or more Loan Parts (leningdelen), each of which normally constitutes a different mortgage type agreed with the relevant Borrower.
The Portfolio Mortgage Loans (or in case of Portfolio Mortgage Loans consisting of more than one loan part, the aggregate of such loan parts) are secured by a first-ranking, or as the case may be a first and sequentially lower ranking Mortgage Right, evidenced by notarial mortgage deeds (notariële akten van hypotheekstelling) entered into by the Seller and the Borrowers and to the extent it relates to the NHG Mortgage Loan Parts only, have the benefit of a NHG Guarantee.
NHG Guarantee: As per the Cut-Off Date 100% of the Loan Parts have the benefit of an NHG Guarantee.
On the Closing Date, the Seller shall sell and assign and the Issuer shall purchase and accept the assignment of all, but not some, the Mortgage Receivables of all Loan Parts of such Mortgage Loan.
If a Mortgage Loan consists of one or more of such Loan Parts, the Originator has sold and assigned to the Seller and the Seller has purchased and accepted the assignment of all, but not some, the Mortgage Receivables of all Loan Parts of such Mortgage Loan.
On the Closing Date, the Seller shall sell and assign and the Issuer shall purchase and accept the assignment of all, but not some, Loan Parts of such Mortgage Loan.
If a Mortgage Loan consists of one or more of such Loan Parts, the Originator has sold and assigned and the Seller has purchased and accepted the assignment of all, but not some, Loan Parts of such Mortgage Loan.
Such Interest-only Mortgage Loans will become due and payable for example upon the death of the relevant Borrower or the sale of the mortgaged property.Annuity Mortgage Loans:A portion of the Mortgage Loans (or Loan Parts thereof) will be in the form of Annuity Mortgage Loans.
See further section 6.1 (Stratification Tables) and section 6.2 (Description of Mortgage Loans).Interest-only Mortgage Loans:A portion of the Mortgage Loans (or Loan Parts thereof) will be in the form of Interest-only Mortgage Loans.
The pool of Mortgage Loans (or any Loan Parts ("leningdelen") comprising a Mortgage Loan) will consist of Life Mortgage Loans ("levenhypotheken"), Investment Mortgage Loans ("beleggingshypotheken"), Linear Mortgage Loans ("lineaire hypotheken"), Annuity Mortgage Loans ("annuïteiten hypotheken"), Interest-only Mortgage Loans ("aflossingsvrije hypotheken") or combinations of these types of loans.