Mortgage Expenses definition

Mortgage Expenses means the cost of real estate taxes, appraisal fees, insurance fees, legal fees and any other expenses which may be required to maintain the priority of, or to protect or enforce Lender's rights in, the Multifamily Instrument, including (i) fees and expenses of the servicer engaged by ▇▇▇▇▇▇ Mae to service and administer the Mortgage Loans which are not paid by Borrower, (ii) fees and expenses paid to maintain in full force and effect or realize the benefit of any insurance with respect to the Multifamily Instrument and (iii) any fees advanced on behalf of Borrower by ▇▇▇▇▇▇ ▇▇▇ to any Related Trustee or Issuer.

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Mortgage Expenses means with respect to any Mortgage, collectively:

Mortgage Expenses shall have the meaning ascribed to it in Section 4(d).

Examples of Mortgage Expenses in a sentence

Should Lender (or "Servicer" as such term is defined in the Reimbursement Agreement) pay any Mortgage Expenses (as hereinafter defined), Borrower shall on demand immediately reimburse Lender (or Servicer, as applicable) for the full amount of such Mortgage Expenses paid by Lender (or Servicer, as applicable).
Upon receipt of such notice MCAN may notify MCLP that MCAN will expend its own finds to pay such Mortgage Expenses under such Originated Mortgage.
MCLP shall not be required (nor will it have any obligation) to expend its own funds to pay Mortgage Expenses under an Originated Mortgage, provided that MCLP may (but need not), on written notice to MCAN, advance its own funds for such purpose if it deems it necessary or desirable to do so.
If MCLP does advance its own funds in any such circumstances, MCLP shall be reimbursed by MCAN for such advance(s) in accordance with Section 9.7, and shall be entitled to interest on such funds at the rate applicable to the Mortgage in question from the date of payment of such Mortgage Expenses until such amount has been fully reimbursed to MCLP.
Should Lender (or "Servicer", as "such term is defined in the Master Reimbursement Agreement) pay any Mortgage Expenses (as hereinafter defined), Borrower shall on demand immediately reimburse Lender (or Lender on behalf of Servicer, as applicable) for the full amount of such Mortgage Expenses paid by Lender (or Servicer, as applicable).
Should Lender (or "Servicer", as such term is defined in the Master Reimbursement Agreement) pay any Mortgage Expenses (as hereinafter defined), Borrower shall on demand immediately reimburse Lender (or Lender on behalf of Servicer, as applicable) for the full amount of such Mortgage Expenses paid by Lender (or Servicer, as applicable).

More Definitions of Mortgage Expenses

Mortgage Expenses means the increased amount of interest payment created as a result of a higher interest rate for a mortgage of the same principal amount on a replacement premises.

Mortgage Expenses means the cost of real estate taxes, appraisal fees, insurance fees, legal fees and any other expenses which may be required to maintain the priority of, or to protect or enforce Lender's rights in, the Multifamily Instrument, including (i) fees and expenses of the Servicer which are not paid by Borrower, (ii) fees and expenses paid to maintain in full force and effect or realize the benefit of any insurance with respect to the Multifamily Instrument and (iii) any fees or expenses advanced on behalf of Borrower by ▇▇▇▇▇▇ ▇▇▇ to the Bond Trustee or the Issuer.

Mortgage Expenses means the costs of taxes, foreclosure fees, insurance fees, legal fees and any other expenses which may be required to maintain the priority of the Agency’s lien, or to maintain in full force and effect any insurance or guarantee, on any Mortgage Loan.

Mortgage Expenses means the cost of real estate taxes, appraisal fees, insurance fees, legal fees and any other expenses which may be required to maintain the priority of, or to protect or enforce Lender's rights in, the Multifamily Instrument, including (i) fees and expenses of the Servicer which are not paid by Borrower, (ii) fees and expenses paid to maintain in full force and effect or realize the benefit of any insurance with respect to the Multifamily Instrument and (iii) any fees or expenses advanced on behalf of Borrower by ▇▇▇▇▇▇ Mae to the Trustee or the Issuer.