Required Mortgage Documents definition

Required Mortgage Documents means, as to any Mortgage Loan, the items described on Schedule A to the Security Agreement.

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Required Mortgage Documents means the instruments and documents described in Schedule A to the Security Agreement, as applicable to the particular Mortgage Loan, which are required to be delivered to the Collateral Agent and such other instruments and documents described therein as the Agent or Collateral Agent may request.

Required Mortgage Documents means as to any Mortgage Loan, the items described in Section 4.02 of the Security Agreement.

Examples of Required Mortgage Documents in a sentence

The Company assumes the responsibility for loss or destruction of any such Required Mortgage Documents until the same are delivered to the Collateral Agent.
The Company agrees that while it is in possession of any Required Mortgage Documents for an AP Mortgage, it will hold same in trust and as agent and bailee for the Collateral Agent for the benefit of the Secured Parties, without authority to make any other disposition thereof, or of the proceeds thereof.
The Collateral Agent shall review the Required Mortgage Documents in accordance with the review steps described on Exhibit 1 hereto.
The Borrower assumes the responsibility for loss or destruction of any such Required Mortgage Documents until the same are delivered to the Collateral Agent.
The Borrower agrees that while it is in possession of any Required Mortgage Documents for an AP Mortgage, it will hold same in trust and as agent and bailee for the Collateral Agent, without authority to make any other disposition thereof, or of the proceeds thereof, except as may be otherwise permitted in writing by the Collateral Agent.
The Company shall deliver Collateral Transmittals to the Collateral Agent from time to time identifying Mortgage Loans that the Company intends to include in Collateral by delivering to the Collateral Agent the Required Mortgage Documents (as described on Schedule A attached hereto) for such Mortgage Loans.
The Collateral Agent shall review such Required Mortgage Documents in accordance with the steps described on Exhibit 1 hereto before the opening of business of the Collateral Agent on the next succeeding Business Day and shall make a decision on the eligibility of the applicable Mortgage Loan for that Business Day.
With respect to any Required Mortgage Documents delivered to the Collateral Agent by 10:00 a.m. (Chicago time) on any Business Day, the Collateral Agent shall review such Required Mortgage Documents in the manner set forth in Paragraph 5 above in time to include the related Mortgage Loans (to the extent they constitute Eligible Collateral) in the Borrowing Base Report delivered at 11:00 a.m. (Chicago time) on such Business Day.
The Collateral Agent shall have the right at any time at the direction of the Aggregate Required Lenders, to require the Company to submit all Required Mortgage Documents and item number 4 from the Additional Required Mortgage Documents for any Repurchased Agency Loan and Receivable then being included in Collateral, and the Collateral Agent shall request the submission of such documents at the direction of the Credit Agent.
In the event that the Company has been requested by the Credit Agent or the Collateral Agent to deliver the "Additional Required Mortgage Documents" (as described on Schedule B attached hereto) with respect to any Mortgage Loan, the Collateral Agent shall review and verify such Additional Required Mortgage Documents consistent with the obligations of the Collateral Agent above.

More Definitions of Required Mortgage Documents

Required Mortgage Documents means, with respect to a Pledged --------------------------- Mortgage Loan, any Mortgage Documents not then in the possession of Bank One which must be certified to the Agency under the Agency Commitment to which such Pledged Mortgage Loan has been Allocated.

Required Mortgage Documents means, with respect to each Mortgage Loan (a) the Promissory Note, the Mortgage, and, if applicable, any security or pledge agreement, executed and delivered in connection with or relating to such Mortgage Loan; (b) as applicable, the original lender’s ALTA Policy of Title Insurance or its equivalent, documents evidencing the FHA commitment to insure, or private mortgage insurance, the appraisal, the environmental assessment, the engineering report, certificates of casualty or hazard insurance, credit information on the maker of the Promissory Note; (c) any other documents listed on Exhibits B-1, B-2, or B-3; and (d) any other document that is customarily desired for inspection or transfer incidental to the purchase of a Promissory Note, or a participation therein, by an Eligible Investor or that is customarily executed by the seller of a Promissory Note to an Eligible Investor.

Required Mortgage Documents with respect to a Mortgage Loan shall refer to (i) the original note which evidences such Mortgage Loan, endorsed in blank and without recourse, (ii) an assignment of the deed of trust or mortgage which secures such Mortgage Loan with the assignee in blank but otherwise in recordable form but not recorded and all interim assignments, if any, (iii) a Warehouse Lender's Release Letter, and (iv) such other documents which relate to such Mortgage Loan as the Buyer may, in its reasonable discretion, require.

Required Mortgage Documents means any Mortgage Documents executed and delivered by any Borrower pursuant to the requirements of Section 2.14(a) or Section 2.14(b) and all related Mortgage File Required Documents delivered by any Borrower and any other applicable Loan Party.

Required Mortgage Documents means the instruments and documents described in Schedule "A" to the Security Agreement, as applicable to a particular Mortgage Loan, which are required to be delivered to the Collateral Agent. "Reserve Requirement" means, with respect to the Eurodollar Rate applicable to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on eurocurrency liabilities. "Residential Mortgage Loan" means a Mortgage Loan secured by a Mortgage on a Single Family Residence. "S&P" means Standard & Poor's Ratings Services, a division of The M▇▇▇▇▇-▇▇▇▇ Companies, Inc. or any successor to its business. "Schedule" refers to a specific schedule to this Agreement, unless another document is specifically referenced. "Section" means a numbered section of this Agreement, unless another document is specifically referenced. "Secured Obligations" means, collectively, (i) the Obligations and (ii) all Rate Management Obligations owing to one or more Lenders. "Secured Parties" is defined in Paragraph 1 of the Security Agreement. "Security or Securities" means any FHLMC Security, FNMA Security or GNMA Security. "Security Agreement" means the Fourth Amended and Restated Security and Collateral Agency Agreement as of even date herewith, substantially in the form of Exhibit "I" attached hereto, by and among the Borrower, the Agent, and the Collateral Agent, pursuant to which a security interest is created in favor of the Collateral Agent for the Lenders under this Agreement in certain Collateral to be pledged pursuant to this Agreement, as the same may, from time to time, be further supplemented, modified or amended. "Settlement Account" means the account established pursuant to Section 8.4. "Single Employer Plan" means a Plan maintained by the Borrower or any member of the Controlled Group for employees of the Borrower or any member of the Controlled Group. "Single Family Residence" means a one to four family dwelling unit, which may be a condominium unit but which shall not be a mobile home, manufactured housing or a dwelling unit in a cooperative apartment building. "Subordination Agreement" means that certain Subordination Agreement of even date herewith made by Parent in favor of the Agent for the benefit of the Lenders. "Subsidiary" of a Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or co...

Required Mortgage Documents means as to any Mortgage Loan, the items described on Schedule A to the Security Agreements.