Mortgage Loan Default definition

Mortgage Loan Default means a “Default” as defined in the Mortgage Loan Agreement.
Mortgage Loan Default means an “Event of Default” under the Mortgage Loan and as defined in the Mortgage Loan Agreement.
Mortgage Loan Default means a "Default" under and as defined in the Mortgage Loan Agreement.

Examples of Mortgage Loan Default in a sentence

  • Borrower shall promptly advise Lender of any material Default or Event of Default of which Borrower has knowledge, including any Mortgage Loan Default, Senior Mezzanine Loan Default, Senior Mezzanine Loan Event of Default or Mortgage Loan Event of Default.

  • Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default, Senior Mezzanine Loan Default, Mortgage Loan Event of Default or Senior Mezzanine Loan Event of Default or satisfying any Liens, claims or judgments against any of the Properties or the Senior Mezzanine Collateral.

  • Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default or Mortgage Loan Event of Default or satisfying any Liens, claims or judgments against the Property.

  • Furthermore, the denial by Lender of a requested consent or approval shall not create any liability or other obligation of Lender if the denial of such consent or approval results directly or indirectly in a Mortgage Loan Default, and Borrower hereby waives any claim of liability against Lender arising from any such denial unless Lender has not complied with any applicable standard for consent.

  • Mortgage Interest Rate: a rate per annum equal to (i) 5.233% with respect to Notes X-0, X-0, X-0, X-0 and A-5 and (ii) 10.75% with respect to Note B-1 Mortgage Loan Default Rate: A rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) the sum of (a) the Interest Rate and (b) four percent (4%).


More Definitions of Mortgage Loan Default

Mortgage Loan Default means (i) with respect to the Xxxxx Fargo Mortgage Loan, a Xxxxx Fargo Mortgage Loan Default, and (ii) with respect to each CIGNA Mortgage Loan, an “Event of Default” under and as defined in the related Mortgage Loan Documents or, if the related Mortgage Loan Documents do not include a definition of “Event of Default”, a default thereunder that has continued beyond any applicable grace, notice and/or cure periods provided therein.
Mortgage Loan Default means any event, act or condition which with notice or lapse of time, or both, would constitute a Mortgage Loan Event of Default.
Mortgage Loan Default means, as to any Mortgage Loan, any failure of the obligor(s) (i) to pay any principal when the same becomes due and payable, (ii) to pay any interest or other amount within 60 days after the same becomes due and payable or (iii) to observe or perform any other material covenant or agreement within 60 days after the date such observance or performance becomes due.
Mortgage Loan Default. A Default as defined in the Mortgage Loan Agreement.
Mortgage Loan Default. As defined in Section 3.13(a).
Mortgage Loan Default means an “Event of Default” under the Mortgage Loan Documents subject to all applicable notice, grace and cure periods related thereto, but regardless of whether or not such Event of Default is or may have been waived by Mortgage Lender.
Mortgage Loan Default means a default under any of the Mortgage Loan Documents.