Mortgage Collateral definition

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

Mortgage Collateral means the Aircraft and other property described in Section 1 hereof and subject to the security interest created by this Agreement.

Mortgage Collateral means all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) in which Lender has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Lender in its reasonable discretion, (d) which are secured by Mortgages, and (e) which conform in all respects with all the requirements for purchase of such Mortgage Note under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.

Examples of Mortgage Collateral in a sentence

• On the Business Day prior to each Payment Date, (i) amounts deposited into the Distribution Account pursuant to Section 3.03(i) hereof will be distributed by the Servicer in accordance with Section ____ of the [Trust] Agreement, and (ii) the portion of such amounts then distributable with respect to the Mortgage Collateral shall be deposited into the Payment Account.

• The Servicer, on behalf of and subject to the direction of the Indenture Trustee, as pledgee of the Mortgage Collateral, or the Credit Enhancer, shall enforce the representations and warranties of the Seller pursuant to the Mortgage Loan Purchase Agreement.

• Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the conveyance of the Mortgage Collateral pursuant to Section 3.01 and the issuance of the Certificates, the Depositor shall be the sole Certificateholder.

• In addition, this Certificate is not guaranteed by any governmental agency or instrumentality and is limited in right of payment to certain collections and recoveries with respect to the Mortgage Collateral, all as more specifically set forth herein.

• The parties hereto intend that the transaction set forth herein be a sale by the Depositor to the Trust of all of its right, title and interest in and to the Mortgage Collateral.

More Definitions of Mortgage Collateral

Mortgage Collateral means Mortgage Documents (excluding participation or other fractional interests therein) and all ancillary security agreements, policies and certificates of insurance, guarantees, indemnities, evidences of recordation, applications, underwriting materials, surveys, appraisals, notices, opinions of counsel and loan servicing data and all other electronically stored and written records or materials relating to the loans evidenced or secured by the Mortgage Documents.

Mortgage Collateral means the Properties and any other collateral security for any Mortgage Loan.

Mortgage Collateral. The Pledged Mortgage-Backed Securities, Pledged Mortgage Loans or REO Properties which are Granted to the Indenture Trustee under the related Terms Indenture as security for a Series. An "item" of Mortgage Collateral refers to a specific Pledged Mortgage-Backed Security, Pledged Mortgage Loan or REO Property which is Granted to the Indenture Trustee under the related Terms Indenture and is referred to as an item of Mortgage Collateral.

Mortgage Collateral all Mortgage Notes (a) which are made payable to the order of Borrower or have been endorsed (without restriction or limitation) payable to the order of Borrower, (b) in which Lender has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to Lender in its reasonable discretion, (d) and which are secured by Mortgages.

Mortgage Collateral means all Mortgage Notes and all servicing rights in respect to such Mortgage Notes (a) which are made payable to the order of the Borrower or have been endorsed (without restriction or limitation) payable to the order of the Borrower, (b) in which the Administrative Agent has been granted and continues to hold a perfected first priority security interest, (c) which are in form and substance acceptable to the Administrative Agent in its reasonable discretion, (d) which are secured by Mortgages, and (e) which conform in all respects with all the requirements for purchase of such Mortgage Note under the Take-Out Commitments and are valid and enforceable in accordance with their respective terms.

Mortgage Collateral has the meaning specified in Section 1 of this Agreement.

Mortgage Collateral means any Collateral, whether now or hereafter acquired, that consists of promissory notes that the maker secures with a mortgage or deed of trust of real property that is improved with one to four units, each suitable for the residence of one family, together with all rights of the holders of such notes under all documents pertaining to such notes, mortgages or deeds of trust, and mortgaged or conveyed property, and if applicable, Multi-family Mortgage Collateral, Agricultural Mortgage Collateral, Commercial Real Estate Mortgage Collateral, Home Equity Line of Credit Collateral, and Junior Mortgage Collateral, participations in any of the foregoing to the extent that the Credit Policy permits from time to time, and the proceeds, replacements, and products thereof, whether now or hereafter acquired.