Senior Lien Holder definition

Senior Lien Holder. Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag: Schedule 1 MORTGAGE LOAN SCHEDULE [FILED BY PAPER] Schedule 2 SCHEDULE OF PREPAYMENT CHARGES (Available Upon Request) Schedule 2-1 Schedule 3 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS The Depositor hereby represents, warrants, and covenants as follows on the Closing Date and on each Distribution Date thereafter:
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Senior Lien Holder means any lender with a loan secured by a Deed of Trust in a superior lien position to the City Deed of Trust.
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Senior Lien Holder means a holder of a Senior Lien Security, and includes any assignee or transferee of any Senior Lien Security.
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Examples of Senior Lien Holder in a sentence

  • The holder of such First Lien Security Instrument shall be hereafter referred to as the Senior Lien Holder.

  • In the event of loss, Borrower shall give prompt notice to the insurance carrier, the Senior Lien Holder and Lender.

  • Notwithstanding the above, the Lender's rights to collect and apply the insurance proceeds hereunder shall be subject and subordinate to the rights of the Senior Lien Holder to collect and apply such proceeds in accordance with the First Deed of Trust.

  • Lender may make proof of loss if not made promptly by the Senior Lien Holder or the Borrower.

  • In addition, the Lender agrees that it will not commence foreclosure proceedings or accept a deed in lieu of foreclosure, or exercise any other rights or remedies hereunder until it has given the Senior Lien Holder at least 60 days' prior written notice.

  • The Lender consents to any agreement or arrangement in which the Senior Lien Holder waives, postpones, extends, reduces or modifies any provisions of the First Deed of Trust Loan Documents, including any provisions requiring the payment of money.

  • Notwithstanding Lender's right to invoke any remedies hereunder, as provided in Section 4 above, Lender agrees that it will not commence foreclosure proceedings or accept a deed in lieu of foreclosure, or exercise any other rights or remedies hereunder until it has given the Senior Lien Holder at least 60 days' prior written notice.

  • Lender shall give notice to Borrower and the Senior Lien Holder prior to acceleration following Borrower's breach of any covenant or agreement in this Deed of Trust.

  • Prior to taking any actions under this Section 8, however, Lender shall notify the Senior Lien Holder of such default in the manner provided in Section 21, and shall provide the Senior Lien Holder with the opportunity to cure any such default under this Deed of Trust.

  • Borrower covenants that Borrower holds fee title to the Property and has the right to grant and convey the Property and, except for the First Deed of Trust and other encumbrances of record acceptable to the Senior Lien Holder and the Lender, the Property is unencumbered.

Related to Senior Lien Holder

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Junior Lien Priority means Indebtedness that is secured by a Lien on the Collateral that is junior in priority to the Liens on the Collateral securing the First Lien Note Obligations and is subject to a Junior Lien Intercreditor Agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens).