Mortgage Portfolio definition

Mortgage Portfolio means, on any particular date, the combined Initial Mortgage Portfolio and any New Mortgage Portfolio which has been sold and assigned to the Mortgages Trustee on such date pursuant to the Mortgage Sale Agreement, taking account of, among other things, the addition and/or removal of any Mortgage Loans to or from that portfolio from the relevant Closing Date but excluding any Mortgage Loan and its Related Security which has been redeemed in full or repurchased by the Seller pursuant to Clause 8 (Warranties and Repurchase by the Seller) of the Mortgage Sale Agreement;

Mortgage Portfolio means, on any particular date, the combined Initial Mortgage Portfolio and any New Mortgage Portfolio which has been assigned to the Mortgages Trustee on such date pursuant to the Mortgage Sale Agreement, taking account of, among other things, the addition and/or removal of any Mortgage Loans to or from that portfolio from the relevant Closing Date but excluding any Mortgage Loan and its Related Security which has been redeemed in full or repurchased by the Seller pursuant to Clause 8 (Warranties and Repurchase by the Seller) of the Mortgage Sale Agreement;

Mortgage Portfolio means the portfolio of loans, mortgages and all moneys derived therefrom sold to the Issuer by the Seller on the Closing Date and thereafter on any Purchase Date by the Seller in accordance with the terms of the Mortgage Sale Agreement.

Examples of Mortgage Portfolio in a sentence

• This Agreement shall terminate at such time as the Mortgages Trustee has no further interest in any of the Mortgage Loans or the Mortgages which have been comprised in the Mortgage Portfolio.

• The Administrator shall maintain in an adequate form such records as are necessary to enforce each Mortgage comprised in the Mortgage Portfolio and, where relevant, any other Related Security.

• The Mortgage Portfolio Protection Program (MPPP) offers a force-placed policy available only through a Write Your Own Company.

• The Administrator shall keep and maintain records in relation to the Mortgage Portfolio, on a Mortgage Loan by Mortgage Loan basis, for the purposes of identifying amounts paid by each Borrower, any amount due from a Borrower and the balance from time to time outstanding on a Borrower's account and such other records as would be kept by a reasonable and prudent mortgage lender.

• The Mortgage Portfolio Protection Program (MPPP) offers a force-placed policy available only through a Write Your Own (WYO) Company.

More Definitions of Mortgage Portfolio

Mortgage Portfolio has the meaning given to such term in the Master Definitions Schedule.

Mortgage Portfolio means the portfolio, comprised primarily of Single Family Residential Mortgages but also including Other Mortgages and cash and cash equivalents, owned by the Corporation from time to time.

Mortgage Portfolio has the meaning given to it in the Mortgage Sale Agreement;

Mortgage Portfolio means the portfolio of Mortgages held by the Trust;

Mortgage Portfolio. Prior to the earlier to occur of: (a) a Trigger Event; and (i) if Funding does not enter into a New Intercompany Loan Agreement, the Payment Date in January 2008; or (ii) if Funding does enter into New Intercompany Loan Agreements, the latest Payment Date specified by Funding by notice in writing to the Seller and the Mortgages Trustee as applying in relation to this covenant, the Seller undertakes to use all reasonable efforts to offer to sell and assign, in accordance with the provisions of this Clause 4 (Sale and Purchase of New Mortgage Portfolios), to the Mortgages Trustee and the Mortgages Trustee undertakes to use all reasonable endeavours to acquire from the Seller and to hold pursuant to the terms of the Mortgages Trust Deed, sufficient New Mortgage Loans and their Related Security so that the Overcollateralisation Test is not breached on three consecutive Distribution Dates PROVIDED THAT the Seller shall not be obliged to sell and assign to the Mortgages Trustee, and the Mortgages Trustee shall not be obliged to acquire, New Mortgage Loans and their Related Security if in the opinion of the Seller the sale and assignment to the Mortgages Trustee of New Mortgage Loans and their Related Security would adversely affect the business of the Seller.

Mortgage Portfolio has the meaning given to such term in the Master Definitions Schedule. Notes means the Current Issuer Notes.

Mortgage Portfolio means the Provisional Mortgage Portfolio but excluding any Mortgage Loans in the Provisional Mortgage Portfolio which, at any time prior to the Closing Date, are found not to comply with the warranties to be given in respect of the Mortgage Loans on the Closing Date as set out in the Mortgage Sale Agreement.