Standard Mortgage definition

Standard Mortgage means a Mortgage (other than a Fixed Rate Mortgage) pursuant to which the Borrower pays interest at the Standard Rate which is capable of being reset monthly or quarterly determined in each case at the will of the Sellers, the Administrators or the Issuer;

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Standard Mortgage means a Mortgage (other than a Fixed Rate Mortgage or a LIBOR-Linked Mortgage or a Non-Reversionary LIBOR-Linked Mortgage) pursuant to which the Borrower pays interest at the Standard Rate which is capable of being reset monthly or quarterly or at a variable margin over the three month London Interbank Offered Rate for sterling deposits (or any replacement rate as determined by an Administrator in the event that the rate for the three-month London Inter-Bank Offered Rate for GBP deposits is discontinued or is or becomes unavailable) determined quarterly, in each case at the will of the Sellers, the Administrators or the Issuer;

Standard Mortgage means, collectively, the "Standard Mortgages" referred to in item 10 of Exhibit D and any mortgages and supplements executed pursuant to Section 8.09 (b) hereof.

Examples of Standard Mortgage in a sentence

• If I obtain any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy will include a Standard Mortgage Clause and will name Lender as mortgagee and/or as an additional loss payee.

• You give us the mortgage to secure the payment obligations described in the mortgage, including those described in the Standard Mortgage Terms.

• The security in this section is in addition to the security in the Standard Mortgage Terms.

• For the purposes of registering this mortgage at the Registrar under the Land Titles Act (Alberta), and without limiting the provisions of the Standard Mortgage Terms, you acknowledge and agree that this mortgage secures the principal amount of $ For costs, this mortgage secures them without limit.

• It is further understood that SBRC shall have absolute discretion in determining whether any Mortgage Loan is a Standard Mortgage Loan, Non-Standard Mortgage Loan or Problem Mortgage Loan and SBRC shall have the right to approve or disapprove any Mortgage Loan with an unpaid principal balance in excess of $1,000,000 (for which such Mortgage Loans, NCCC shall have obtained two appraisals).

More Definitions of Standard Mortgage

Standard Mortgage. Standard Mortgage Corporation, and its successors and assigns, in its capacity as Servicer of the Standard Mortgage Mortgage Loans.

Standard Mortgage means a covered transaction:

Standard Mortgage means a Mortgage (other than a Fixed Rate Mortgage, Base Rate Tracker Mortgage, Capped Rate Mortgage, Collared Rate Mortgage or a LIBOR‑Linked Mortgage) pursuant to which the Borrower pays interest at a variable rate which is capable of being reset monthly or quarterly at the will of PPF, the Administrator or the Issuer;

Standard Mortgage means a Mortgage (other than a Fixed Rate Mortgage or a LIBOR-Linked Mortgage) pursuant to which the Borrower pays interest at the Standard Rate which is capable of being reset monthly or quarterly or at a variable margin over the three month London Interbank Offered Rate for sterling deposits determined quarterly, in each case at the will of the Seller, the Administrator or the Issuer;

Standard Mortgage means a mortgage loan that has the following characteristics: (a) a fixed interest rate;

Standard Mortgage means a Mortgage (other than a Fixed Rate Mortgage or a LIBOR-Linked Mortgage) pursuant to which the Borrower pays interest at a variable rate which is capable of being reset monthly or quarterly at the will of the Seller, the Administrator or the Issuer;

Standard Mortgage means a mortgage loan that has the following characteristics: