Open Mortgage definition

Open Mortgage means a hypothecary loan that lets you pay any amount you want without you having to pay a prepayment charge. The minimum prepayment amount is $500.
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Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. The minimum Prepayment amount is $500. Outstanding Amount means the total amount remaining to be paid on the Mortgage at any time. It includes the portion of the Principal Amount that remains unpaid, interest, additional amounts advanced, and amounts we have paid because you have not kept a Promise. Prepayment means repaying part of the Principal Amount ahead of schedule. Depending on the type of Mortgage you have and the amount you are paying, you may have to pay a Prepayment charge when you make a prepayment.
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Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. The minimum Prepayment amount is $500. Outstanding Amount means the total amount remaining to be paid on the Mortgage at any time. It includes the portion of the Principal Amount that remains unpaid, interest, additional amounts advanced, and amounts we have paid because you have not kept a Promise.
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Examples of Open Mortgage in a sentence

  • Table VI (Descriptions of Open Mortgage Investments of Prior Limited Partnerships) is contained in Part II of the Registration Statement.

  • Additional information regarding the Description of Open Mortgage Investments of Prior Limited Partnerships is provided in Table VI in Part II of this Registration Statement.

  • You have granted us the following Mortgage: (delete inapplicable provisions) Your Mortgage is an Open Mortgage.

  • The Landlord must communicate to the Tenant, within fifteen (15) business days following the Start Date, the value of the debt corresponding to the Open Mortgage that corresponds to the Property, and which is recorded in notation 018 of the Property Registration Number folio.

  • Any bonus earned and otherwise payable to the Executive shall be paid on or after January 1, but not later than March 15 of the fiscal year following the fiscal year for which the bonus is earned, in accordance with the Corporation’s Short Term Incentive Plan.

  • Employees who choose Heritage Credit Union Open Mortgage option at time of renewal or issue, will be given the lowest staff discount mortgage rate available.

  • The following persons appear to execute this public instrument of Open Mortgage and Voluntary Prohibition to Sell: a) The party of the first part, the company CONLORANCE INVESTMENTS INC., duly represented by its Special Representative in Ecuador, authorized for this purpose, Attorney ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, hereinafter "THE CREDITOR"; b) The party of the second part, the company MARINES C.A., duly represented by its General Manager, ▇▇.

  • If you have an Open Mortgage and want to prepay it, you must pay back a portion of any cash back amount you received from us, as called for under Section 6.6.

  • Entity in which interests are held: Open Mortgage LLC By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: President & CEO Name: IN WITNESS WHEREOF, Parent and the other Persons party hereto have duly executed this Agreement as of the date first written above.

  • Open Mortgage – A mortgage that can be prepaid or paid off or renegotiated at any time and in any amount without interest penalty.


More Definitions of Open Mortgage

Open Mortgage means a Charge which is stated to be an Open Mortgage in Box 10;
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Open Mortgage means a Charge which is stated to be an Open Mortgage in the Computer Field entitled “Additional Provisions”;
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