Mortgage Modifications definition

Mortgage Modifications has the meaning specified in Section 2.09(g).

Mortgage Modifications as defined in Section 6.1(h).

Mortgage Modifications mean modifications to the outstanding Mortgages granted to the Bank modified to extend the maturity dates, cross-collateralize and secure the Obligations, as well as provide for cross-default with the Obligations and other modifications.

Examples of Mortgage Modifications in a sentence

• Creditable First Lien Mortgage Modifications include: Standard Principal Reduction Modifications (Exhibit D-1, ¶ 1.i); Forbearance Conversions (Exhibit D-1, ¶ 1.ii); Conditional Forgiveness Modifications (Exhibit D, ¶ 1.i); Streamline Modifications (Exhibit D, ¶ 1.f; Exhibit I ¶ 8.a.v); FHA Principal Reductions (Exhibit D, ¶ 1.j.i); and Government Modifications (Exhibit D, ¶ 1.j.ii).

• Creditable First Lien Mortgage Modifications include: Standard Principal Reduction Modifications (Exhibit D-1, ¶ 1.i); Forbearance Conversions (Exhibit D-1, ¶ 1.ii); Conditional Forgiveness Modifications (Exhibit D, ¶ 1.i); 180 DPD Modifications (Exhibit D, ¶ 1.f); FHA Principal Reductions (Exhibit D, ¶ 1.j(i)); and Government Modifications (Exhibit D, ¶1.j(ii)).

• For those First Lien Mortgage Modifications completed in relation to residential properties located in the Hardest Hit California Counties, this additional credit is in the amount of 25% of the actual credits earned on the foregoing activities.

• For each dollar of creditable principal reduction, Servicer will receive one dollar in credit.Under the California Agreement, Servicer may receive additional credit against its Consumer Relief Requirements for principal reduction in the form of First Lien Mortgage Modifications completed on or after March 1, 2012 and implemented on or before February 28, 2013.

• As shown in the First Interim Report, the credits earned can vary based on timing, the form of Consumer Relief, and the transaction type within each form.With respect to the requirements pertaining to timing, Servicer may receive additional credit against its Consumer Relief Requirements for amounts credited pursuant to its Refinancing Program and for principal forgiveness in First Lien Mortgage Modifications and Second Lien Portfolio Modifications.

More Definitions of Mortgage Modifications

Mortgage Modifications modifications to the Existing Mortgages, each in ---------------------- form and substance satisfactory to the Agent.

Mortgage Modifications means the modification agreements to the Louisiana Mortgage, New York Mortgage, Ohio Mortgage and Wisconsin Mortgage, to be entered into not later than 30 days following the Closing Date, by and between the Company’s Subsidiary party to such Louisiana Mortgage, New York Mortgage, Ohio Mortgage or Wisconsin Mortgage, as the case may be, as mortgagor, and the Investor, as mortgagee, in forms agreed upon by such parties. “New York Mortgage” shall mean that certain Mortgage, Security Agreement and Assignment of Rents and Leases, dated June 16, 2006 and recorded in the land mortgage records of Onondaga County, New York, by Syracuse China Company in favor of Xxxxxxx Xxxxx PCG Inc. for the ratable benefit of the Noteholders (as defined therein) and the other Secured Parties (as defined therein). “Notes Exchange” has the meaning assigned to it in the Preamble hereof. “Notes Exchange Old PIK Notes” means the Old PIK Notes to be exchanged with the Company in the Notes Exchange. The Notes Exchange Old PIK Notes shall have, in the aggregate, an adjusted issue price (as determined under Section 1.1275-1(b) of the Regulations) equal to the aggregate issue price of the Exchange PIK Notes (as determined under Sections 1273 and 1274 of the Code and the Regulations promulgated thereunder). “Ohio Mortgage” shall mean that certain Open-End Mortgage, Security Agreement and Assignment of Rents and Leases, dated June 16, 2006 and recorded in the land mortgage records of Xxxxx County, Ohio, by Libbey Glass, Inc. in favor of Xxxxxxx Xxxxx PCG Inc. for the ratable benefit of the Noteholders (as defined therein) and the other Secured Parties (as defined therein). “Old PIK Notes” has the meaning assigned to it in the Preamble hereof.

Mortgage Modifications means, with respect to each Mortgage, a mortgage modification substantially in the form of Exhibit I-2, which modification shall evidence the continuation of the lien granted pursuant to the Mortgage, and which shall be (i) substantially in the form of Exhibit I-2, containing such schedules and including such additional provisions and other deviations from such exhibit as shall be necessary to conform such document to applicable local law or as shall be required or customary under local law or shall otherwise be reasonably required by the Administrative Agent and (ii) dated as of the date of delivery thereof and (iii) made by the owner of the Mortgaged Property described therein for the benefit of the Administrative Agent for the benefit of the secured parties described therein, as mortgagee (grantee or beneficiary), assignee and secured party, as the same may at any time be amended, modified or supplemented in accordance with the terms thereof and hereof.

Mortgage Modifications shall have the meaning given to such term in Section 5.5.

Mortgage Modifications is defined in Section 5.1.14.

Mortgage Modifications has the meaning specified in Section 3.01(a)(v).

Mortgage Modifications means the collective reference to the mortgage modifications to each Mortgage delivered by the applicable Loan Party on the Effective Date, in form and substance satisfactory to the Administrative Agent.