Mortgages Trustee Principal Priority of Payments definition

Mortgages Trustee Principal Priority of Payments means the order in which the Cash Manager will apply the Mortgages Trustee Principal Receipts on each Distribution Date, as set forth in Clause 11 (Distribution of Principal Receipts) of the Mortgages Trust Deed;
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Mortgages Trustee Principal Priority of Payments means the order in which the Cash Manager will apply the Mortgages Trustee Principal Receipts on each Distribution Date, as set forth in Clause 11 (DISTRIBUTION OF PRINCIPAL RECEIPTS) of the Mortgages Trust Deed;
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Mortgages Trustee Principal Priority of Payments means the provisions pursuant to which the Trust Property Cash Manager will apply the Mortgages Trustee Available Principal Receipts on each Distribution Date, as set forth in clause 9.2 (Mortgages Trustee Principal Priority of Payments) of the Mortgages Trust Deed.
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Examples of Mortgages Trustee Principal Priority of Payments in a sentence

  • On each Distribution Date, the Trust Property Cash Manager shall distribute Mortgages Trustee Available Principal Receipts in accordance with the Mortgages Trustee Principal Priority of Payments.

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  • If such Seller Cash Contribution is not applied as consideration for the purchase of New Mortgage Loans and their Related Security prior to the Trust Calculation Date immediately following the date on which such Seller Cash Contribution occurred, such amounts will be applied as Mortgages Trustee Available Principal Receipts to be distributed in accordance with the Mortgages Trustee Principal Priority of Payments on the following Distribution Date.

  • EXECUTION VERSION Mortgages Trust Deed 16ï34 Cash Manager to act in accordance with the provisions of Schedule 4 (Determinations and Reconciliations) of the Trust Property Cash Management Agreement and, for the avoidance of doubt, hereby directs it not to make any payments under the Mortgages Trustee Revenue Priority of Payments or the Mortgages Trustee Principal Priority of Payments during such time.

Related to Mortgages Trustee Principal Priority of Payments

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Indenture Trustee Fee means an annual fee equal to $5,000, payable on the Payment Date occurring in June of each year, commencing in 2017.

  • Priority of Payments has the meaning specified in Section 9.01(a).

  • Indenture Trustee Fees means the compensation and expenses (including attorney’s fees and expenses and indemnification payments) payable to the Indenture Trustee for its services under this Master Indenture and the other Relative Documents to which it is a party (if any).

  • Indenture Trustee Fee Rate means the per annum rate at which the Indenture Trustee Fee is calculated.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • First Priority Principal Payment means, for a Payment Date, the greater of:

  • Second Priority Principal Payment means, for a Payment Date, the greater of:

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

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

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in May of each year, commencing in May 2020.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • 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.