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;

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 your entire property is expropriated, the loan amount will immediately become payable, along with loss of interest, including any prepayment charges, if applicable, as described elsewhere in these Standard Mortgage Terms.If only a part of your property is expropriated, the amount you are awarded for the partial expropriation will be paid to us and we will credit it to the loan amount.

• Standard Mortgage Clause (Approved by The Insurance Bureau of Canada)It is hereby provided and agreed that:1.

• Please email to lockdesk@stanmor.com and upload through Standard Mortgage Corporation’s website.

• 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.

• Witness Mortgagor Witness Mortgagor(12) Execution By GuarantorThe Guarantor hereby acknowledges that the Guarantor has been given a copy of the Standard Mortgage Terms and has read and fully understands the terms describing the obligations of the Guarantor.

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 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 (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 (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 loan that has the following characteristics:

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