MERS® System. The system of recording transfers of mortgages electronically maintained by MERS.

MERS® System. The system of recording transfers of Mortgages electronically maintained by MERS. MIN: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.

MERS® System. MERS mortgage electronic registry system, as more particularly described in the MERS Procedures Manual.

Examples of MERS® System in a sentence

The Servicer shall not alter the codes referenced in this paragraph with respect to any MERS Loan during the term of this Agreement except in connection with an assignment of such MERS Loan or de-registration thereof from the MERS® System in accordance with the terms of this Agreement.
Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Servicer with no right of reimbursement; provided, however, that any such expenses incurred as a result of any termination by MERS of the MERS® System shall be reimbursable to the Servicer.
The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or related document or of MERS or the MERS® System other than with respect to the Trustee’s execution and counter-signature of the Certificates.
The Trustee makes no representations as to the validity or sufficiency of this Agreement, the Certificates or of any Mortgage Loan or related document or of MERS or the MERS® System.
Each Servicer is also authorized to cause the removal from the registration on the MERS® System of such Mortgage and to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of satisfaction or cancellation or of partial or full release, including an assignment of such loan to the Trustee.

More Definitions of MERS® System

MERS® System means the Electronic Agent’s mortgage electronic registry system, as more particularly described in the MERS Procedures Manual.

MERS® System. The system of recording transfers of mortgages electronically maintained by MERS. MIN: The eighteen digit Mortgage Identification Number.

MERS® System. MERS mortgage electronic registry system, as more particularly described in the MERS Procedures Manual. MIN: The Mortgage Identification Number of Mortgage Loans registered with MERS on the MERS® System.

MERS® System means the mortgage electronic registry system operated by the Electronic Agent that tracks changes in Mortgage ownership, mortgage servicers and servicing rights ownership.

MERS® System means the Mortgage Electronic Registration System established by MERS.

MERS® System has the meaning given that term in the Electronic Tracking Agreement.

MERS® System. The electronic registration system maintained by MERS.