Pledged Mortgage Loan definition

Pledged Mortgage Loan as defined in the Pledge and Security Agreement.

Pledged Mortgage Loan. With respect to any Series, any Mortgage Loan Granted to the Indenture Trustee by the Issuer to secure such Series, as from time to time is held as a part of the related Trust Estate, including any such Mortgage Loan as may constitute Substitute Mortgage Collateral.

Pledged Mortgage Loan. Any one of the Mortgage Loans pledged to the Indenture Trustee by the Issuer pursuant to the granting clause of the Indenture, that from time to time are held as a part of the Trust Estate and as are more fully described on Schedule I of the Indenture.

Examples of Pledged Mortgage Loan in a sentence

• Borrower shall not de-register or attempt to de-register any Pledged Mortgage Loan from the MERS System unless Borrower has complied with the requirements set forth in the Electronic Tracking Agreement and the requirements hereof and the other Loan Documents relating to a release of a Pledged Mortgage Loan.

• A duly executed assignment to Lender in recordable form of a Pledged Mortgage Loan, of the indebtedness secured thereby and of all documents and rights related to such Pledged Mortgage Loan.

• Lender may, but shall not be obligated to, advance any sums or do any act or thing necessary to uphold and enforce the lien and priority of, or the security intended to be afforded by, any Pledged Mortgage Loan, including, without limitation, payment of delinquent taxes or assessments and insurance premiums.

• Borrower shall indicate on its computer records that each Pledged Mortgage Loan has been included in the Collateral and, at the request of Lender, place on each of its written records pertaining to the Pledged Mortgage Loans a legend, in form and content satisfactory to Lender, indicating that such Pledged Mortgage Loan has been assigned to Lender.

• Lender shall have the right to redetermine the Collateral Value of each Pledged Mortgage Loan on a daily basis.

More Definitions of Pledged Mortgage Loan

Pledged Mortgage Loan means any mortgage loan (a) which is identified in a Mortgage Schedule delivered by the Obligors to the Lender Agent, (b) the Carrying Value of which is included in the calculation of the Borrowing Base included in a Borrowing Base Report or a Monthly Collateral Report or (c) which is indicated in an Obligor’s books and records as having been pledged to the Lender Agent.

Pledged Mortgage Loan shall have the meaning set forth in Section 3.01(b) hereof.

Pledged Mortgage Loan. Any one of the Mortgage Loans transferred to the Indenture Trustee by the Issuer pursuant to the Granting Clause, as from time to time are held as a part of the Trust Estate and as are more fully described on Schedule I attached hereto.]

Pledged Mortgage Loan means any Mortgage Loan (a) which is from time to time delivered or caused to be delivered to Agent (including delivery to a third party on behalf of Agent), or comes into the possession, custody or control of Agent, or is identified to Agent as collateral by any other means or method, whether or not Agent has possession of the related promissory note, for the purpose of assignment or pledge in connection with the making of any advance of the Indebtedness or otherwise, or (b) with respect to which Agent has made an advance of the Indebtedness, or (c) with respect to which Debtor has requested an advance of the Indebtedness, or (d) which is now or at any time pledged, hypothecated, assigned, transferred, or conveyed, or a security interest therein granted, to Agent.

Pledged Mortgage Loan. A Mortgage Loan that has been pledged as Collateral for an Advance hereunder and not released to an Investor or Borrower pursuant to Section 6.5.

Pledged Mortgage Loan means a Mortgage Loan identified on a --------------------- Borrowing Request as a Mortgage Loan in which the Borrower has granted or will xxxxx XXXX a security interest to secure the Obligations.

Pledged Mortgage Loan means a Mortgage Loan identified in a Collateral Pledge Certificate as a Mortgage Loan in which Borrower is granting Agent a security interest for the benefit of Lenders to secure the Obligations.