RUS Mortgage definition

RUS Mortgage means the mortgage identified on Schedule 1 as it may be amended, supplemented and restated from time to time.
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RUS Mortgage means the mortgage and security agreement, as from time to time supplemented, amended and re- stated, made by and among the bor- rower, RUS, and, if a party thereto, third party lenders, or any other form of mortgage or security instrument or indenture of mortgage and deed of trust, securing the payment of out- standing loans made or guaranteed by RUS and other lenders. RUS holesale po er contract means the contract for the wholesale sale of electric power and energy between a power supply borrower and its member as approved by RUS. Secured loans shall mean outstanding loans secured pursuant to the RUS mortgage. State regulatory authority means any state board or local governing body
Sample 1
RUS Mortgage means collectively those mortgages and security agree- ments made by and among the bor- rower, the Government, and third par- ties, if any, securing indebtedness evi- dencing electric loans or loan guaran- tees made pursuant to the RE Act. Rural development loans means loans or grants made pursuant to Rural de- velopment programs. Rural development programs means loan or grant programs under the au- thority of the Administrator pursuant to sections 313, 501, and 502 of the RE Act.
Sample 1

Examples of RUS Mortgage in a sentence

  • Insured loan means a loan made pur-suant to Section 305 of the RE Act.Lien accommodation means the shar- ing of the Government’s (RUS’s) lien on property, usually all property, cov- ered by the lien of the RUS Mortgage.

  • The RUS Mortgage is in full force and effect, will secure the Obligations, including the Note, and creates a valid first lien on the property pledged thereunder and hereunder.

  • An event of default occurs under the RUS Mortgage and is continuing for thirty (30) days.

  • RUS and the Awardee further agree than an Event of Default hereunder shall constitute an event of default under the RUS Mortgage permitting RUS to exercise rights and remedies thereunder.

  • Promptly after becoming aware thereof, notice of the occurrence of any default under the Loan-Grant Documents or the RUS Mortgage or the receipt of any notice given pursuant to the Loan-Grant Documents or RUS Mortgage with respect to the occurrence of any event which with the giving of notice or the passage of time, or both, could become an Event of Default hereunder, the other Loan-Grant Documents or under the RUS Mortgage.

  • Insured loan means a loan made pur-suant to Section 305 of the RE Act.sfrattini on LAPCK6H6L3 with DISTILLERLien accommodation means the shar- ing of the Government’s (RUS’s) lien on property, usually all property, cov- ered by the lien of the RUS Mortgage.

  • Lien accommodation means the sharing of the Government's (RUS's) lien on property, usually all property, covered by the lien of the RUS Mortgage.

  • Any proposed future general capital credits retirements shall be made only after considering the financial plans of the Cooperative and the RUS Mortgage requirements.

  • The Existing RUS Mortgage will be released and cancelled upon execution of the release by the mortgagees.

  • The RUS Mortgage and Security Agreement sets out certain financial ratios that must be met before a dividend can be declared.


More Definitions of RUS Mortgage

RUS Mortgage means the mortgage and security agreement, as from time to time supplemented, amended and re- stated, made by and among the bor- rower, RUS, and, if a party thereto, third party lenders, or any other form of mortgage or security instrument or indenture of mortgage and deed of trust, securing the payment of out- standing loans made or guaranteed by RUS and other lenders. RUS holesale po er contract means Secured loans shall mean outstanding loans secured pursuant to the RUS mortgage. State regulatory authority means any state board or local governing body
Sample 1
RUS Mortgage means the Restated Mortgage and Security Agreement, dated as of March 1, 2002, by and between the Debtor and the United States of America, as it may have been supplemented, amended, consolidated or restated from time to time.
Sample 1

Related to RUS Mortgage

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Non-MERS Mortgage Loan Any Mortgage Loan other than a MERS Mortgage Loan.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Facility Mortgage As defined in Section 13.1.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.