Mortgage Loan Obligor definition

Mortgage Loan Obligor means each Person who is obligated or liable for the payment or performance of all or any portion of a Mortgage Loan.

Mortgage Loan Obligor means each Person who is obligated or liable for the payment or performance of all or any portion of a Mortgage Loan. “Multiemployer Plan” means a multiemployer plan as defined in Sections 3(37) or 4001(a)(3) of ERISA or Section 414(f) of the Code (or any similar

Mortgage Loan Obligor. With respect to each Mortgage Loan, the church, school, other non-profit organization or other Person obligated to make the scheduled payments of principal, interest and other amounts due under the Mortgage Loan Documents, including, without limitation, any guarantor of such Mortgage Loan.

Examples of Mortgage Loan Obligor in a sentence

• If that remainder is not a liquid amount, since relating to Mortgage Loan receivables that are pending the outcome of court or out-of-court proceedings instituted as a result of default by the Mortgage Loan Obligor, both their continuation and the proceeds of their termination shall be for the Originator.

• That, to the best of its knowledge, no Mortgage Loan Obligor holds any credit right against BBVA whereby that Obligor might be entitled to a set-off which might adversely affect the rights conferred by the Pass-Through Certificates.

• That, to the best of its knowledge, no Mortgage Loan Obligor holds any receivable against BBVA whereby that Obligor might be entitled to a set-off which might adversely affect the rights conferred by the Pass-Through Certificates other than by early amortisation thereof.

• That, to the best of its knowledge, no Mortgage Loan Obligor holds any receivable against the Originator whereby that Obligor might be entitled to a set-off which might adversely affect the rights conferred by the Mortgage Certificates and the Pass-Through Certificates.

• Within (30) days following the end of each calendar month, Borrower shall provided to Lender (a) copies of any financial statements for the Property or any Mortgage Loan Obligor (as defined in the Loan Agreement) to the extent received by Borrower from any source, and (b) a bank summary of deposits and disbursements into the Mortgage Loan Lockbox Account and the Loan Lockbox Account.

• Promptly when requested by Administrative Agent or any Lender, correct and complete copies of all leases covering all or any portion of any Project, together with a rent roll covering such leases in form and substance reasonably required by Administrative Agent and certified to by the applicable Mortgage Loan Obligor as being true, correct and complete in all material respects.

• If that remainder is not a liquid amount, since relating to Mortgage Loan receivables that are pending the outcome of court or out-of-court proceedings instituted as a result of default by the Mortgage Loan Obligor, both their continuation and the proceeds of their termination shall be for the Originators, to the extent appropriate.

• If that remainder is not a liquid amount, since relating to Mortgage Loan receivables that are pending the outcome of court or notarial proceedings instituted as a result of default by the Mortgage Loan Obligor, both their continuation and the proceeds of their termination shall be for the Originator.

• That, to the best of its knowledge, no Mortgage Loan Obligor holds any receivable against BBVA whereby that Obligor might be entitled to a set-off which might adversely affect the rights conferred by the Pass -Through Certificates.

• Termination of all instrumentation and control system signal wiring at all equipment furnished under other divisions of the Specifications.

More Definitions of Mortgage Loan Obligor

Mortgage Loan Obligor means a church, school, other non-profit organization or other Person obligated to make scheduled payments of principal, interest and other amounts due in relation to the loan documentation given (including, but not limited to, the mortgage granting a first mortgage lien) in relation to a Bond, a Mortgage Loan or an Interim Loan.