Mortgage Repayments definition
Examples of Mortgage Repayments in a sentence
In accordance with the Master Indenture and subject to Section 3.1(d) hereof, the Authority and the Trustee may apply any Mortgage Repayments or Prepayments received in respect of the 2023 Series OP Mortgage Loans to the payment of any Related Series of Bonds, including the 2023 Series OP Bonds, whether at maturity or prior redemption.
In addition, Mortgage Repayments or Prepayments received in respect of Mortgage Loans securing any Series of Bonds other than the 2024 Series A Bonds may be applied to the prior redemption of the 2024 Series A Bonds.
In addition, no Mortgage Repayments or Prepayments received in respect of the Mortgage Loans backing any MBS securing any Series of Bonds other than the Series 2018BB Bonds or Second Mortgage Loans securing any Series of Bonds other than the 2018BB Bonds shall be applied to the mandatory special redemption of the Series 2018BB Bonds.
In accordance with the Master Indenture and subject to Section 3.1(d) hereof, the Authority and the Trustee may apply any Mortgage Repayments or Prepayments received in respect of the 2024 Series A Mortgage Loans to the payment of any Related Series of Bonds, including the 2024 Series A Bonds, whether at maturity or prior redemption.
In accordance with the Master Indenture, the Authority and the Trustee may apply any Mortgage Repayments or Prepayments received in respect of the 2018 Series D Mortgage Loans to the payment of any Related Series of Bonds, including the 2018 Series D Bonds, whether at maturity or prior redemption.