Mortgage Loan Closing Date definition

Mortgage Loan Closing Date shall have the meaning assigned to such term in the recitals.
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Mortgage Loan Closing Date means the date that a Mortgage Loan is scheduled to settle.
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Mortgage Loan Closing Date has the meaning ascribed to the term “Closing Date” in the Master Loan Agreement.
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Examples of Mortgage Loan Closing Date in a sentence

  • Upon compliance by Borrower with all of the terms, conditions and provisions of this Commitment and the MBS/DUS Program and issuance of the FNMA Commitment, the Mortgage Loan Closing date shall be established by WMF to occur on a date and time mutually agreed upon by WMF and Borrower; provided, however, that the Mortgage Loan Closing Date shall be no later than that set forth on the Rate Setting Form.

  • Upon receipt of such book-entry interest and the execution of Loan Documents evidencing the Mortgage Loan on the Mortgage Loan Closing Date, the Operating Partnership shall cause the trustee to cancel such book-entry interest and such book-entry interest shall thereafter be of no further effect.

  • Further, the Rate Setting Form establishes the Mortgage Loan Closing Date and includes a certification of no material adverse change in the Financial Statements and in the Certification of Previous Multifamily Real Estate Experience for Borrower and all key Principals of Borrower.

  • Interest at the Selected Interest Rage, calculated on the basis of a 360-day year comprised of twelve (12) thirty day months, shall be due and payable commencing on the "Mortgage Loan Closing Date" as hereinafter defined.

  • The Mortgage Loan shall be evidenced and secured by such documents, certifications and other instruments (collectively, "Mortgage Loan Documents") as WMF, FNMA and/or the DUS Guide require, all of which shall be in force and substance acceptable to WMF and WMF's Counsel and consistent with all MBS/DUS Program requirements in effect on the Mortgage Loan Closing Date.

  • On the Mortgage Loan Closing Date, the Loan Fee set forth above shall be paid to WMF by Borrower in immediately available funds (or an amount equal to such Loan Fee shall be deducted from the Mortgage Loan proceeds funded by WMF).

  • Borrower shall hold legal title to the Property on the "Mortgage Loan Closing Date" defined below and, for the entire term of the Mortgage Loan, shall have no assets, legal purpose or business other than ownership and operation of the Property.

  • If the Borrower wishes to finance a Mortgage Loan hereunder that does not comply in all respects with the Underwriting Guidelines, the Borrower shall request prior approval thereof from the Agent and will deliver to the Agent, no later than three (3) Business Days prior to the requested Mortgage Loan Closing Date, the related underwriting file.

  • On the Mortgage Loan Closing Date, the Discount, if any, due to WMF as described in subsection 2(c) of this Commitment, shall be paid to WMF by Borrower in immediately available funds (or an amount equal to such Discount shall be deducted from the Mortgage Loan proceeds funded by WMF).

  • Unless otherwise waived, on the Mortgage Loan Closing Date and to assure the future availability of funds to satisfy the costs of certain replacement items set forth on Exhibit "A" attached to this Commitment, Borrower shall deposit with WMF the Initial Deposit to Replacement Reserves set forth above in immediately available funds (or an amount equal to the Initial Deposit to Replacement Reserve shall be deducted from the Mortgage Loan proceeds funded by WMF).


More Definitions of Mortgage Loan Closing Date

Mortgage Loan Closing Date means the Effective Date.
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Mortgage Loan Closing Date means the date of the funding of the Mortgage Loan pursuant to the terms and conditions of the Commitment Letter.
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Mortgage Loan Closing Date means, with respect to any Purchased Mortgage Loan, the date upon which credit was first extended under the Mortgage Loan Documents related to such Purchased Mortgage Loan.
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Related to Mortgage Loan Closing Date

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

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

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

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

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

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

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

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

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

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

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

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

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • 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.