Mortgage Successor definition

Mortgage Successor means in relation to a Party a person who is a direct successor, assignee or transferee of such Party in relation to any right, title and/or interest in or to a Mortgage Loan and/or related Mortgage (in each case whether present or future, legal or beneficial, heritable or personal and whether or not a Security Interest and whether or not as a trustee or beneficiary of a trust).
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Mortgage Successor means in relation to a Party a person who is a direct successor, assignee or transferee of such Party in relation to any right, title and/or interest in or to a Loan and/or related Mortgage (in each case whether present or future, beneficial, heritable or personal and whether or not a Security Interest and whether or not as a trustee or beneficiary of a trust) PROVIDED THAT where such person acquires the beneficial interest in a Loan and/or related Mortgage and acquires (at the same time or is contractually obliged to acquire at a later date) the legal title to such Loan and/or related Mortgage, such person shall not be a Mortgage Successor for the purposes of this Deed.
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Examples of Mortgage Successor in a sentence

  • Each Party shall execute such documents and take such actions as reasonably necessary for the purposes of making each Mortgage Successor and such a party to this Deed.

  • Notwithstanding anything to the contrary in the Lease or the Mortgage, Successor Landlord shall not be liable for or bound by any of the following matters: a.

  • Notwithstanding anything to the contrary in the Lease or the Mortgage, Successor Landlord shall, subject to the terms of Section 7(j) hereof, not be liable for or bound by any of the following matters: (a) Claims Against Former Landlord.

  • Thompson (the “Debtor”), seeks to avoid a mortgage (the “Mortgage”) held by Wells Fargo Bank, N.A. d/b/a Wells Fargo Home Mortgage, Successor in Interest to World Savings Bank, FSB (“Wells Fargo”) pursuant to 11 U.S.C. § 544(a)(3) and to preserve it for the benefit of bankruptcy estate pursuant to 11 U.S.C. § 551.

  • Notwithstanding anything to the contrary in the Lease or the Mortgage, Successor Landlord shall not be liable for or bound by any of the following matters: Claims Against Former Landlord.

Related to Mortgage Successor

  • 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.

  • Business Successor means (i) any former Subsidiary of the Company and (ii) any Person that, after the Issue Date, has acquired, merged or consolidated with a Subsidiary of the Company (that results in such Subsidiary ceasing to be a Subsidiary of the Company), or acquired (in one transaction or a series of transactions) all or substantially all of the property and assets or business of a Subsidiary or assets constituting a business unit, line of business or division of a Subsidiary of the Company.

  • 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).

  • Successor Trust means Continental Airlines Pass Through Trust 1997-4B-S.

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

  • Permitted Successor is defined in Section 5.02 of the Sale Agreement.

  • 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 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.

  • Residential mortgage loan means any loan primarily for

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

  • Successor Institutional Trustee has the meaning set forth in Section 4.3(a).

  • 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.

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

  • Division Successor means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

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

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Supplemental Mortgage Loan Any Mortgage Loan other than an Initial Mortgage Loan conveyed to the Trust Fund pursuant to Section 2.01 hereof and to a Supplemental Transfer Agreement, which Mortgage Loan shall be listed on the revised Mortgage Loan Schedule delivered pursuant to this Agreement and on Schedule A to such Supplemental Transfer Agreement. When used with respect to a single Supplemental Transfer Date, Supplemental Mortgage Loan shall mean a Supplemental Mortgage Loan conveyed to the Trust Fund on that Supplemental Transfer Date.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Successor Trustee means a successor Trustee possessing the qualifications to act as Trustee under Section 4.01.

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

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.