Mortgage SNDA definition

Mortgage SNDA means a subordination, non-disturbance and attornment agreement between a Mortgagee and Tenant in the form annexed as Exhibit D-1 hereto, and in proper form for recording, together with such changes thereto that are both proposed by a Mortgagee and approved by Tenant; it being agreed that Tenant shall not unreasonably withhold its approval of any such proposed change so long as (i) such proposed change is customary (at the time in question), and (ii) such proposed change does not (to more than a de minimis extent) decrease Tenant’s rights, or increase Tenant’s obligations, from those contained in the form of Mortgage SNDA annexed as Exhibit D-1 hereto.
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Mortgage SNDA shall have the meaning given such term in the Lease Agreement.
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Mortgage SNDA means a Subordination, Nondisturbance, and Attornment Agreement among a Lender, the Landlord and the Tenant, pursuant to which this Master Lease is subordinated to a Mortgage and any Mortgage Loan Documents.
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Examples of Mortgage SNDA in a sentence

  • Existing Mortgage shall execute, acknowledge and deliver a Mortgage SNDA with respect to such Existing Mortgage.

  • Simultaneous herewith, Tenant and each holder of any Mortgage identified in the preceding sentence has executed and delivered a Mortgage SNDA with respect to such Mortgage.

  • Concurrently with the execution and delivery of this Lease, Tenant, Landlord and Landlord's current Mortgagee shall enter into a Subordination, Non- Disturbance and Attornment Agreement in the form of Exhibit I attached hereto ("Current Mortgage SNDA").

  • Either Party or Mortgagee may record such Mortgage SNDA in the applicable Registry of Deeds.

  • Except as may be provided in the organizational documents of Landlord, with respect to the Tenant’s investments in Landlord, in the Tenant’s Operating Agreement, in the Pass-Through Agreement and in the Mortgage SNDA, this instrument contains all the agreements made between the parties hereto with respect to the subject matter hereof and may not be modified in any other manner than by an instrument in writing executed by the parties or their respective successors in interest.

  • Landlord shall not be required to incur any cost, expense or liability in connection with obtaining or negotiating the Current Mortgage SNDA, and Tenant shall bear all such cost, expense and liability.

  • For more details about the reporting process, see the reporting forms and instructions.

  • Any Net Award in excess of the Threshold Amount shall (unless such Casualty or Condemnation resulting in the Net Award is a Termination Event) be made available by Landlord (or by Lender, if the Net Award is paid to Lender pursuant to the terms of any Mortgage, SNDA or other document in connection with a Loan) to Tenant for the restoration of any of the Leased Premises pursuant to and in accordance with the provisions of Paragraph 19 hereof.

  • During the HTC Recapture Period, Lender shall not effect a transfer by foreclosure or deed or assignment in lieu of foreclosure, or otherwise to any Disqualified Transferee, and any transfer by foreclosure or deed or assignment in lieu of foreclosure, or otherwise shall be in accordance with the Mortgage SNDA.

  • In 1994-95 there was sharp growth but soon the pent up demand was exhausted.


More Definitions of Mortgage SNDA

Mortgage SNDA means an agreement among Landlord, Tenant and a Mortgagee of the Premises in a commercially reasonable form, providing in essence that (a) Mortgagee consents to this Lease, (b) this Lease is subordinate to the Mortgage and subject to all of the provisions, terms and conditions thereof, (c) in the event that Mortgagee succeeds to Landlord's interest hereunder due to foreclosure of the Mortgage or otherwise, Tenant shall attorn to Mortgagee, and Mortgagee, provided that Tenant is not in default hereunder after any applicable notice and cure period, shall recognize this Lease and Tenant's rights pursuant hereto and shall not disturb Tenant's possession hereunder and (d) Mortgagee shall not be responsible for Landlord's obligations under this Lease unless and until Mortgagee so succeeds to Landlord's interest hereunder.
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Related to Mortgage SNDA

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2020, 16 June 2020 and as further amended and restated on 30 April 2021 made between Santander UK plc (1) Abbey Covered Bonds LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Residential mortgage loan means any loan primarily for

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

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

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

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

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Preliminary Mortgage Schedule As defined in Section 3.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • 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.

  • 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 Security Trust Fund As to any Mortgage Security, the trust fund in which such Mortgage Security evidences a fractional undivided interest. New York Presenting Agent: State Street Bank and Trust Company, N.A., with its offices at 00 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx or such other office within the Borough of Manhattan, City of New York, State of New York, as Xxxxxx Mae may appoint by notice to the Trustee.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.