Mortgage Guarantor definition

Mortgage Guarantor means the “Guarantor” as defined in the Mortgage Loan Agreement.
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Mortgage Guarantor. Any Agency or governmental entity that provides a guaranty with respect to a Loan under a guaranteed loan program.
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Mortgage Guarantor. It refers to the individual(s) or legal entity(ies) identified in “Annex D”.
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Examples of Mortgage Guarantor in a sentence

  • If any Obligation is not paid or performed by Borrower punctually when due, subject to any applicable grace period, including without limitation any Obligation due by acceleration of the maturity thereof following the occurrence of an Event of Default (as defined in the Mortgage), Guarantor will, upon Bank's demand, immediately pay or perform such Obligation or cause the same to be paid or performed strictly in accordance with the terms thereof.

  • Notwithstanding the foregoing, the Mortgage Guarantor shall be permitted to guaranty 100% of the Mortgage Loan.

  • The Insured must not accept or deal with any amount received from the Insurer pursuant to a claim made in respect of the Insured Loan or in respect of a Repayment Instalment or otherwise act in any way so as to extinguish or diminish its right to claim against the Borrower, the Mortgage Guarantor, the Mortgagor or any person providing any Collateral Security for the whole of any claim.

  • The Mortgage Insurer or Mortgage Guarantor fails to issue coverage or cancels coverage and/or denies a claim under such coverage due to fraud, misrepresentation, or omission of a material fact or for any other reason related to the eligibility of the Loan for mortgage insurance or guaranty or loan note guaranty.

  • The FHLMC Home Mortgage Guarantor Program or the FHLMC FHA/VA Home Mortgage Guarantor Program, as described in the FHLMC Guide.

  • Since the date of the most recent financial statements of Borrower, Mortgage, Guarantor, the Collateral and the Property delivered to Lender, there has been no material adverse change in the financial condition, operations or business of Borrower, Mortgage or Guarantor or the Collateral or the Property from that set forth in said financial statements.


More Definitions of Mortgage Guarantor

Mortgage Guarantor means GKK Stars Junior Mezz 1 LLC.
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Related to Mortgage Guarantor

  • Guarantor means: .............................................................................................................................................

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Mortgagor The obligor on a Mortgage Note.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Seller Guarantor has the meaning set forth in the Preamble.

  • Corporate Guarantor means Navios Maritime Holdings Inc., a company incorporated in the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx, XX00000;

  • Guaranty association means the Iowa insurance guaranty association created in chapter 515B, the Iowa life and health insurance guaranty association created in chapter 508C, and any other similar entity either presently existing or to be created by the general assembly for the payment of claims of insolvent insurers. “Foreign guaranty association” means a similar entity presently existing in or to be created in the future by the legislature of any other state.

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Non-Guarantor means any Restricted Subsidiary that is not a Guarantor.

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

  • Subsidiary Guarantor means each Subsidiary that has executed and delivered a Subsidiary Guaranty.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Performance Guarantor means Parent.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.