Mortgaged Asset definition

Mortgaged Asset means, in respect of a Mortgage, (i) a real property (onroerende zaak), (ii) an apartment right (appartementsrecht) or (iii) a long lease (erfpacht).
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Mortgaged Asset means any asset that is subject to (or is intended to be subject to) a Mortgage.
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Mortgaged Asset means (i) a real property (onroerende zaak), (ii) an apartment right (appartementsrecht) or (iii) a long lease (erfpachtsrecht) [situated in the Netherlands] on which a Mortgage is vested; ["Municipality Guarantee"] means a guarantee pursuant to the 'municipality government participation scheme' introduced in 1956 by the Dutch government;
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Examples of Mortgaged Asset in a sentence

  • Such amount could be significantly higher than the amount obtained from the sale of a Mortgaged Asset under a distressed or liquidation sale.

  • This will materially affect the ability of the CBC to take recourse on the Mortgaged Asset and the Borrower in case the Borrower defaults under the Mortgage Loans and may affect the ability of the CBC to meet its payment obligations under the Covered Bonds.

  • It is expected that the Originator's acceptance conditions will generally consider type of Mortgaged Asset, term of loan, age of applicant, the loan-to-value ratio, mortgage indemnity guarantee policies, high loan-to-value fees, status of applicants and credit history.

  • This could, for example, be the case if a Mortgage Loan is partly prepaid or if the value of the Mortgaged Asset has increased.

  • If a valuation does not accurately reflect the up-to-date value or condition of the Mortgaged Asset, this could result in losses under the associated Mortgage Receivable if the Mortgaged Asset is foreclosed upon.

  • In addition, the ability of a Borrower to sell a Mortgaged Asset at a price sufficient to repay the amounts outstanding under that Transferred Assets will depend upon a number of factors, including the availability of buyers for that Mortgaged Asset, the value of that Mortgaged Asset and property values in general at the time.

  • In general, valuations represent the analysis and opinion of the valuator at the time of the valuation and are not guarantees of, and may not be indicative of, the present or future value of the relevant Mortgaged Asset.

  • Accordingly, the Mortgaged Asset provides security for all debts up to a maximum amount as registered in the relevant public registry.

  • Pursuant to the Mortgage Conditions, part of the Mortgage Loan may be applied towards construction of or improvements to the Mortgaged Asset.

  • See further sections 6.2 (Description of Mortgage Loans) and 6.5 (NHG Guarantee Programme).Construction DepositsPursuant to the Mortgage Conditions, a Borrower has the right to request that a part of the Mortgage Loan will be withheld and will be applied towards construction of or improvements to the Mortgaged Asset.


More Definitions of Mortgaged Asset

Mortgaged Asset means (i) a real property (onroerende zaak), (ii) an apartment right (appartementsrecht) or (iii) a long lease (erfpachtsrecht) situated in the Netherlands on which a Mortgage is vested. means in relation to a Mortgage Receivable, at any date, the Outstanding Principal Amount of the relevant Mortgage Loan less (A) if it is a Savings Mortgage Loan or a Life Mortgage Loan with a Savings Element subject to an Insurance Savings Participation, an amount equal to the Insurance Savings Participation on such date and
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Mortgaged Asset means any asset (including any Mortgaged Vessel) secured or to be secured in favour of the Agent under or pursuant to this Agreement as security for the Indebtedness.
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Related to Mortgaged Asset

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

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

  • Fixed Asset means a tangible non-current asset, including buildings and equipment, acquired not for sale but for use for the Project during the Eligible Expenditure Period;