Pledged Mortgage Loans definition

Pledged Mortgage Loans. Mortgage Loans deemed to have been delivered to the Agent as provided in Section 4.01 hereof and Mortgage Loans delivered to the Agent as provided in Section 4.02 hereof.

Pledged Mortgage Loans has the meaning set forth in Section 3.1(a) hereof.

Pledged Mortgage Loans. The Mortgage Loans pledged to the Indenture Trustee pursuant to the Indenture.

Examples of Pledged Mortgage Loans in a sentence

• If required by the applicable Take-Out Commitment, Pledged Mortgage Loans may be duly assigned of record to the issuer of such Take-Out Commitment subject to reassignment if not purchased and with beneficial title to any such assigned Pledged Mortgage Loans being subject to the above-stated escrow condition.

• The Agent shall exercise reasonable care in the custody and preservation of the Collateral, shall keep the documents delivered to it in connection with Pledged Mortgage Loans at a facility protected against fire and shall keep the Collateral separate from similar collateral furnished by third parties.

• Borrower shall keep accurate and complete records of the Pledged Mortgage Loans.

• 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.

• All such Pledged Mortgage Loans and the related Collateral Documents shall at all times be covered by one or more Bailee Agreements, and Lender or its designee will not release Collateral Documents to an Investor unless Lender or its Custodian has received a signed Bailee Agreement from the Investor.

More Definitions of Pledged Mortgage Loans

Pledged Mortgage Loans means, as of any date of determination, any ---------------------- mortgage loans then held by the Custodian on behalf of the Lender to secure the Loans.

Pledged Mortgage Loans. Section (1)(b)(ii). ---------------------- "Program" - Section 2(b). -------

Pledged Mortgage Loans. (as defined in the Prior Agreement) which are owned by the Borrower and included in the “Borrowing Base” (as defined in the Prior Agreement) under the Prior Agreement as of the date hereof (the “Existing Pledged Mortgage Loans”), shall be included in the Borrowing Base as Pledged Mortgage Loans under this Agreement as if originally funded with Advances under this Agreement so long as such Existing Pledged Mortgage Loans meet all of the requirements for eligibility and inclusion in the Borrowing Base under this Agreement, provided, however, (a) the Warehouse Periods for such Existing Pledged Mortgage Loans shall commence from the time such Existing Pledged Mortgage Loans were first included in the “Borrowing Base” (as defined in the Prior Agreement) under the Prior Agreement, and (b) such Existing Pledged Mortgage Loans shall be deemed to comply with the requirement of paragraph (l) of the definition of “Eligible Mortgage Loan” under this Agreement if the date of each underlying Mortgage Note for such Existing Pledged Mortgage Loans was not earlier than 30 days prior to the date such Existing Pledged Mortgage Loans were first included in the “Borrowing Base” (as defined in the Prior Agreement) under the Prior Agreement.

Pledged Mortgage Loans shall have the meaning provided in Section ---------------------- 4.01(b)(i).

Pledged Mortgage Loans. Such of the Mortgage Loans Granted to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Pledged Assets, the Mortgage Loans so held being identified in the Pledged Asset Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property; provided that on the date such mortgage note becomes subject to the Lien of this Indenture it shall (i) have an unpaid principal balance of not less than $25,000, (ii) have had a loan-to-value ratio of the most recent appraisal date of not more than 85%, (iii) be owned by the Issuer, and (iv) not be delinquent or have been delinquent more than once during the preceding 12-month period.

Pledged Mortgage Loans means, as of any date of determination, any Mortgage Loans then held by the Custodian on behalf of the Lender to secure the Loan.

Pledged Mortgage Loans means Mortgage Loans deemed to have been delivered to WFHM as provided in