Mortgage Conditions definition

Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

Mortgage Conditions means, in relation to a Mortgage Loan, the terms and conditions applicable to that Mortgage Loan and its Related Security as set out in the relevant Seller's "Mortgage Conditions" booklet and the Seller's relevant general conditions from time to time as varied by the relevant Mortgage Loan Agreement and the relevant Mortgage Deed, and any variation or supplement thereto;

Mortgage Conditions means the terms and mortgage conditions applicable to the Mortgages and which are comprised in the Mortgage Documentation.

Examples of Mortgage Conditions in a sentence

• Any increases to interest rates applicable to the Loans shall be notified to the Borrowers through a written notice sent by post or another procedure permitted under the relevant Mortgage Conditions.

• Risk related to Construction Deposits Pursuant to the Mortgage Conditions, part of the Mortgage Loan may be applied towards construction of or improvements to the Mortgaged Asset.

• Although the Originator and the Seller will have regard to the Loan Index in respect of any proposed reset of any interest rate applicable to any Mortgage Receivable (or part thereof), any proposed interest rate shall always be set subject to, and in accordance with, the applicable Interest Rate Policy and applicable laws, including, without limitation, principles of reasonableness and fairness, competition laws and the Mortgage Conditions.

• The Mortgage Conditions applicable to the Mortgage Loans provide that payments by the Borrowers should be made without set-off.

• Therefore, the Mortgage Conditions used by the Originator provide that the Outstanding Principal Amount of a Mortgage Receivable, including interest, will become immediately due and payable, inter alia, if the long lease terminates.

More Definitions of Mortgage Conditions

Mortgage Conditions means all the terms and conditions applicable to a Loan, including without limitation those set out in the Seller’s or the Originator’s relevant mortgage conditions booklet and the Seller’s or the Originator’s relevant general conditions, each as varied from time to time by the relevant Loan agreement between the lender under the Loan and the Borrower, as the same may be amended from time to time, and the relevant Mortgage Deed;

Mortgage Conditions means, in relation to a Mortgage Loan, the terms and conditions applicable to such Mortgage Loan, as set forth in the relevant Mortgage Deed and/or in any loan document, offer document or any other document and/or in any applicable general terms and conditions for mortgages of the Transferor or any New Originator, as from time to time in effect.

Mortgage Conditions booklet and the Seller's relevant general conditions from time to time as varied by the relevant Mortgage Loan Agreement and the relevant Mortgage Deed, and any variation or supplement thereto;

Mortgage Conditions means the terms and conditions applicable to the Loans as contained in the Seller's "Mortgage Conditions" booklets for England and Wales, Scotland or Northern Ireland as applicable from time to time (or the equivalent documentation published by a New Seller);

Mortgage Conditions means the terms and conditions contained in the Standard Documentation to which a Loan secured by a Mortgage is subject, including the terms of any letter of offer or agreement to make a loan to a Mortgage Borrower if, pursuant to such letter of offer or agreement, the Loan advance was secured by a Mortgage;

Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 APR 14 HT; 24 hours (where referred to in Schedule 4 to the Trust Deed) has the meaning given to it in Schedule 4 to the Trust Deed; 48 hours (where referred to in Schedule 4 to the Trust Deed) has the meaning given to it in Schedule 4 to the Trust Deed; €, Euro or euro means the lawful currency for the time being of the Member States of the European Union that have adopted or may adopt the single currency introduced at the start of the third stage of European Economic Monetary Union pursuant to the Treaty of Rome of 25th March, 1957, as amended by, inter alia, the Single European Act of 1986 and the Treaty of European Union of 7th February, 1992 and the Treaty of Amsterdam of 2nd October, 1997 establishing the European Community; £, Sterling, sterling or pounds sterling means the lawful currency for the time being of the United Kingdom of Great Britain and Northern Ireland; $, U.S.$, U.S. Dollars or US Dollars means the lawful currency for the time being of the United States of America; ¥, Yen or JPY means the lawful currency for the time being of Japan; Abbey or Santander UK means Santander UK plc (registered number 2294747) (previously known as "Abbey National plc"), a public limited company incorporated under the laws of England and Wales, whose registered office is at 0 Xxxxxx Xxxxxx, Xxxxxx'x Xxxxx, Xxxxxx XX0 0XX; Abbey Acceleration Notice has the meaning given to it in Condition 9.1 (Events of Default, Acceleration and Enforcement – Issuer Events of Default) of the Programme Conditions; Abbey Buildings Policies means those of the Buildings Policies which are issued to Borrowers by the Seller on behalf of CGU Underwriting Limited (formerly known as Commercial Union Underwriting Limited) or such other entity on whose behalf the Seller may from time to time issue the Abbey Buildings Policies to Borrowers;

Mortgage Conditions means the conditions applicable to the Mortgages, as amended by the Mortgage Legal Holder from time to time, and comprising the Offer Letter, the Offer Conditions.