Mortgage 2 definition

Mortgage 2 means the collateral mortgage-in-escrow in respect of the Property, executed or to be executed (as the context may require) by the Borrower in favour of the Lender and includes any amendments variations or modifications thereto or any further mortgages.
Sample 1Sample 2
Mortgage 2 the sub-mortgage over a landed property in Hong Kong given by the Borrower in favour of the Co-lenders in respect of all monies and obligations owing by the Borrower to the Co- lenders from time to time under the Facility Agreement up to a specified amount “Operator” a company incorporated in Hong Kong with limited liability, an Independent Third Party and one of the Co-lenders “Second Drawdown” a drawdown in the principal amount of HK$19,000,000 on 31 August 2018 pursuant to the Facility Agreement, as approved by the Co-lenders “Shareholder(s)” holder(s) of the share(s) of the Company
Sample 1
Mortgage 2 shall have the meaning set forth in Section 12.2(g).
Sample 1

Examples of Mortgage 2 in a sentence

  • The improvements upon each Mortgaged Property are covered by a valid and existing hazard insurance policy with a generally acceptable carrier that provides for fire and extended coverage representing coverage not less than the least of (1) the outstanding principal balance of the related Mortgage, (2) the minimum amount required to compensate for damage or loss on a replacement cost basis or (3) the full insurable value of the Mortgaged Property.

  • Another Mortgage 1 B.V. and Another Mortgage 2 B.V. are 100% included in the consolidation.

  • All improvements encompassing the Building are being constructed on Tract 1 and Tract 2 the Mortgaged Property and therefore encumbered by Mortgage 1, Mortgage 2, Mortgage 3 and Mortgage 4, and all rents and revenues resulting from the Building are encumbered by the 2011 Assignment of Leases and the 2013 Assignment of Leases.

  • The standard lease form shall provide (1) that the lease is subordinate to the Mortgage, (2) that the tenant shall attorn to the Administrative Agent (on behalf of the Lenders) following an event of default, provided that the Administrative Agent has agreed not to disturb tenant’s occupancy under the lease, and (3) that any cancellation, surrender, or material amendment of such lease without the prior written consent of the Administrative Agent shall be voidable by the Administrative Agent.

  • Thomas, supra note 16, at 301 (noting that courts disagreed whether teams’ cooperation was enough to deem the entire league as a single entity).

  • Asked whether the areas without a WHSmith branch would simply have their Post Offices closed, Lynne Hobbs noted that while 70 crown Post Office branches would be accommodated within WHSmith branches the rest were expected to stay for the time being although clearly it would be necessary to identify other ways of addressing the financial realities of the situation.

  • Information on subsidiaryAnother Mortgage 1 B.V. and Another Mortgage 2 B.V. are subsidiaries of bunq B.V. in which the Company holds a 100% ownership interest and is registered in Amsterdam.

  • Joint Exhibits (“J.E.”) 1 (Mortgage), 2 (Note).interest, and escrow expenses (“Monthly Mortgage Payment” or “Monthly Mortgage Payments”).Section 2 governs the application of Monthly Mortgage Payments, providing that: all payments accepted and applied by Lender5 shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3 [(escrow payments)].

  • Commencing on the date the NJCCC serves notice upon Mortgagor of a determination of disqualification of an owner or holder of this Mortgage, it shall be unlawful for the owner or holder of this Mortgage: (1) to receive any interest upon this Mortgage; (2) to exercise, directly or through any trustee or nominee, any right conferred by this Mortgage; or (3) to receive any remuneration in any form from Mortgagor for services rendered or otherwise.

  • On the Closing Date, (1) the Buyer shall discharge in full all of the Assumed Liabilities set forth in Schedule 2(c) and the Mortgage, (2) the Management shall assign and transfer to the Seller for immediate cancellation all of their respective shares of the Seller’s common stock and all of their options and rights to acquire shares of the Seller’s common stock except for the Purchased Management Stock that the Management will sell to the Plaintiffs for Three Hundred Dollars ($300) on the Closing Date.


More Definitions of Mortgage 2

Mortgage 2 the sub-mortgage over a landed property in Hong Kong given by the Borrower in favour of the Co-lenders in respect of all monies and obligations owing by the Borrower to the Co-lenders from time to time under the advance of loan under the Second Drawdown
Sample 1
Mortgage 2. (i) that certain capital loan from Rabobank Nederland to FRE Netherland B.V., a wholly-owned subsidiary of MVC Automotive, dated January 15, 2008, in the original principal amount of €2,500,000; and (ii) that certain loan from Rabobank Nederland to FRE Netherland B.V., dated January 15, 2008, in the original principal amount of €4,000,000, each as guaranteed by the Company.
Sample 1

Related to Mortgage 2

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Mortgage Group Either of Group One or Group Two.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group III Mortgage Loans Group IV Mortgage Loans" and "Group V Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of July 25, 2007 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx XXXC Bank USA, National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-IO Certificates required to be distributed to Holders of the Class II-A-IO Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. The Class II-A-IO Certificates are not entitled to distributions in respect of principal. The Class II-A-IO Pass-Through Rate with respect to each Distribution Date prior to the Distribution Date in June 2012 will be a per annum rate equal to 0.18786445%. On and after the Distribution Date in June 2012, the Class II-A-IO Pass-Through Rate will be zero and the Class II-A-IO Certificates will be entitled to no further distributions of interest. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-IO Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Mortgage Sale Agreement means the mortgage sale agreement entered into on or about the Initial Closing Date among the Seller, the Mortgages Trustee, Funding and the Security Trustee in relation to the assignment from time to time of the Mortgage Portfolio to the Mortgages Trustee as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement mortgage sale agreement entered into by such parties from time to time in accordance with the Transaction Documents;

  • Commercial Mortgage Loan means a Loan secured by a Mortgage on real property used for commercial purposes, including five- or greater unit residential real property.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Residential mortgage loan means any loan primarily for

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.