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.
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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.
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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.
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Examples of Mortgage Loan Obligor in a sentence

  • 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.

  • Each loan made by the Borrower to a Mortgage Loan Obligor secured by the pledge of Bonds issued by and held in the name of such Mortgage Loan Obligor, and providing Borrower a first priority lien on or security title to the Bonds.

  • Each Construction Loan, permanent loan, interim loan, line of credit loan, Bond-Collateralized Loan or other real property secured loan made by Borrower to a Mortgage Loan Obligor, whether originated with the intent to hold to maturity or to be incorporated into a securitization transaction.

  • Other than the Mortgage Loan, Obligor shall not incur or be obligated at any time with respect to any loan or other indebtedness (except trade payables as otherwise permitted in this Loan Agreement), including any indebtedness secured by a Lien on, or the cash flows from, the Mortgaged Property.

  • A Mortgage Loan with respect to which the Mortgage Loan Obligor has met all of the terms and conditions set forth in the Mortgage Loan Documents and no default or event, which with the passage of time or giving of notice, or both, might constitute a default, exists and has continued for more than 30 days under such Mortgage Loan Documents.

  • The first mortgage serial bonds of a Mortgage Loan Obligor, the repayment of which is secured by a first priority lien on or security title to the real property owned by such Mortgage Loan Obligor, which are pledged to secure Bond Collateralized Loans.

  • In addition, Seller shall provide Buyer with credit information on the Mortgage Loan Obligor sufficient to enable Buyer to perform an independent credit analysis on Obligor, if Buyer decides to perform an independent credit analysis.


More Definitions of Mortgage Loan Obligor

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
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Related to Mortgage Loan Obligor

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

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

  • 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.

  • Mortgage Loan File for inclusion in the Mortgage Loan File (to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Mortgage Loan information, including correspondence with the Borrower Related Parties, and the Special Servicer shall promptly provide copies of all of the foregoing to the Servicer as well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer, provided that, such materials shall not include any Privileged Information.

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

  • Mortgage Loan Group Either Group I or Group II.

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

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Registered mortgage loan originator means any individual who:

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • 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.

  • 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.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

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

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

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • 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.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

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

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

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

  • Eligible Mortgage Loan means a Mortgage Loan (including a Wet Funded Loan) with respect to which each of the following statements shall be accurate and complete (and Borrower, by including such Mortgage Loan in any computation of the Borrowing Base, shall be deemed to so represent and warrant to the Lenders as of the date of such computation):