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

• The Borrower agrees that, after it receives notice (or otherwise acquires knowledge) of a Senior Mortgage Loan Default, it will not make any payments under or pursuant to the Subordinate Loan Documents (including but not limited to principal, interest, additional interest, late payment charges, default interest, attorney's fees, or any other sums secured by the Subordinate Mortgage) without the County's prior written consent.

• At any time after a Senior Mortgage Loan Default is determined to constitute a default under the Subordinate Loan Documents, the Subordinate Lender shall be permitted to pursue its remedies for default under the Subordinate Loan Documents, subject to the restrictions and limitations of this Agreement.

• If at any time the Borrower cures any Senior Mortgage Loan Default to the satisfaction of the County, as evidenced by written notice from the County to the Subordinate Lender, any default under the Subordinate Loan Documents arising from such Senior Mortgage Loan Default shall be deemed cured and the Subordinate Loans shall be retroactively reinstated as if such Senior Mortgage Loan Default had never occurred.

• Economic Analysis of Mortgage Loan Default Rates, Sonoma County Energy Independence Program.

• The Subordinate Lender shall have the right, but not the obligation, to cure any such Senior Mortgage Loan Default within sixty (60) days following the date of such notice; provided, however, that the County shall be entitled during such sixty (60) day period to continue to pursue its remedies under the Senior Mortgage Loan Documents.

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. As defined in Section 3.13(a).

Mortgage Loan Default. A Default as defined in the Mortgage Loan Agreement.

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 is deleted and each reference thereto is replaced with Loan Default”.