Special Mortgage Loans definition
Special Mortgage Loans is defined in Section 2.3(c). For purposes of clarification, a Special Mortgage Loan shall not include any Mortgage Loan under this Agreement or a mortgage loan financed under any other credit agreement with respect to which the Principal Mortgage Documents have been shipped to an Approved Investor or any other take-out investor.
Special Mortgage Loans is defined in Section 2.3(c).
Special Mortgage Loans means the Mortgage Loans pursuant to an Assignment in which the Borrower shall grant to the Administrative Agent for the benefit of the holders of the Obligations, from the Borrowing Date of each Special Borrowing, a perfected, first-priority security interest in the Mortgage Loans identified in Schedule II to said Assignment.
Examples of Special Mortgage Loans in a sentence
Master Servicer or Special Mortgage Loans or Mortgage amortization term, payment amount or Servicer is entitled to fees as Loans upon which a frequency; or provided in the Pooling and Servicing Transfer Event any actions to loan in default.