Pledged Mortgages definition

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

Pledged Mortgages means all Mortgages and Mortgage Notes (1) covered by or referred to or intended to be included, in a loan request, or (2) for which any of the documentation related thereto is received by the Custodian under or pursuant to the Custodian Agreement or any of the Loan Documents, or (3) which are the subject of the Wet Closing provisions of this Agreement.

Pledged Mortgages means Mortgage Loans that are from time to time designated by the Company or any Borrowing Subsidiary and the Required Mortgage Documents in respect of which are required to be delivered to the Collateral Agent pursuant to any of this Agreement or the Security Agreement, including all Required Mortgage Documents related thereto.

Examples of Pledged Mortgages in a sentence

• The Company shall hold all escrow funds collected in respect of Pledged Mortgages and Mortgage Loans backing Pledged Securities in trust, without commingling the same with non-custodial funds, and apply the same for the purposes for which such funds were collected.

• Pledged Mortgages shall be released from the Lender's security interest only against payment to the Lender of the Release Amount in connection with such Pledged Mortgages.

• All Pledged Mortgages, Pledged Securities and Purchase Commitments have been duly authorized and validly issued to the Company, and all of the foregoing items of Collateral comply with all of the requirements of this Agreement, and have been and will continue to be validly pledged or assigned to the Lender, subject to no other Liens.

• The Company will cause to be delivered to the Investor the Pledged Mortgages and Pledged Securities to be sold under each Purchase Commitment not later than the expiration thereof.

• The Lender or its designee exclusively shall deliver Pledged Mortgages or Pledged Securities to (a) an Investor that has issued a Purchase Commitment with respect thereto for its examination and purchase, or (b) an Approved Custodian for purposes of examination or delivery in connection with the issuance of Mortgage-backed Securities.

More Definitions of Pledged Mortgages

Pledged Mortgages means those [fixed/floating] rate, [fully-amortizing] conventional mortgage loans secured by first liens on one- to four-family residences as are Granted to the Indenture Trustee pursuant to the Indenture (including any REO Property).

Pledged Mortgages has the meaning set forth in Section 0 hereof. -----------------

Pledged Mortgages means, for any day, all of the Obligors' Mortgage Loans that have been -- and still are -- pledged to the Agent on that day.

Pledged Mortgages. 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 Trust Estate (including any REO Property), the mortgage loans so held being identified in the Schedule of Pledged Mortgages attached as Schedule A to this Indenture, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.

Pledged Mortgages means the senior mortgages that have been pledged to Agent and are more fully described on Schedule VII.

Pledged Mortgages shall have the meaning set forth in the Senior Loan Agreement.

Pledged Mortgages shall have the meaning set forth in the Mortgage Loan Pledge Agreement.