Savings Mortgage Receivables definition

Savings Mortgage Receivables shall herein mean any and all rights of any of the Transferors against any Borrower under or in connection with any Savings Mortgage Loans, including but not limited to any and all claims of such Transferor on the Borrower as a result of the Mortgage Loans being terminated, dissolved or declared null and void.
Savings Mortgage Receivables means Insurance Savings Mortgage Loans and Switch Mortgage Loans with a Savings Alternative; means any and all rights of a Transferor against any Borrower under or in connection with any Savings Mortgage Loans (including but not limited to any and all claims of such Transferor on the Borrower as a result of the Mortgage Loans being terminated, dissolved or declared null and void);
Savings Mortgage Receivables means any and all rights of the relevant Transferor (and after assignment of such rights to the CBC, of the CBC) against any Borrower under or in connection with any Savings Mortgage Loans (including but not limited to any and all claims of the relevant Transferor on the Borrower as a result of the Mortgage Loans being terminated, dissolved or declared null and void).

Examples of Savings Mortgage Receivables in a sentence

  • If so requested by the Savings Participant, the CBC will use its best efforts to ensure that the acquirer of the relevant Savings Mortgage Receivables will enter into a participation agreement with the Savings Participant in a form similar to the Savings Participation Agreement.


More Definitions of Savings Mortgage Receivables

Savings Mortgage Receivables means the Mortgage Receivables resulting from a Savings Mortgage Loan;

Related to Savings Mortgage Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.