Substitute Mortgage definition

Substitute Mortgage means a mortgage indenture of the Company, other than the Mortgage, designated by the Company to the Trustee as a Substitute Mortgage pursuant to Section 4.03 hereof. The lien of the Substitute Mortgage shall have such priority, and be with respect to such property, as shall be specified by the Company in its sole discretion.
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Substitute Mortgage has the meaning set forth in the definition of “Substitute Loan Documents.”
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Substitute Mortgage is defined in Section 24.
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Examples of Substitute Mortgage in a sentence

  • No mortgage loan may be substituted for a Defective Loan as contemplated by this Section 5 if the Mortgage Loan to be replaced was itself a Qualified Substitute Mortgage Loan, in which case, absent a cure of the relevant Material Defect, the affected Mortgage Loan will be required to be repurchased as contemplated hereby.

  • Periodic Payments due with respect to each Qualified Substitute Mortgage Loan (if any) after the related date of substitution, and Periodic Payments due with respect to each corresponding Deleted Mortgage Loan (if any) after its respective Cut-off Date and on or prior to the related date of substitution, shall be part of the Trust Fund.

  • Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date.

  • Scheduled Payments due with respect to Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Seller on the next succeeding Distribution Date.

  • The Master Servicer shall amend the Mortgage Loan Schedule for the benefit of the Certificateholders to reflect the removal of such Deleted Mortgage Loan and the substitution of the Substitute Mortgage Loan or Loans and the Master Servicer shall deliver the amended Mortgage Loan Schedule to the Trustee.


More Definitions of Substitute Mortgage

Substitute Mortgage means a mortgage or deed of trust made by Borrower in ------------------- favor of Lender, securing the Loan, encumbering Substitute Property, substantially identical in form and substance to this Mortgage, with such modifications as Lender shall determine are necessary to conform such document to the laws of the State or Commonwealth in which the Substitute Property is situated.
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Substitute Mortgage is defined in Section 24. (nn) WAREHOUSE FACILITY. The facility described in Section 1 as it may be amended, supplemented, modified or replaced is referred to as the "WAREHOUSE FACILITY."
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Substitute Mortgage means a first priority Cyprus statutory mortgage and deed of covenant collateral thereto required to be executed by Cronus in respect of Vessel A, in such form as the Agent may require in its sole discretion; Words and expressions advised in the Schedule to this Agreement shall have the meanings given to them therein as if set out in full in this Clause 1.2.
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Substitute Mortgage has the meaning assigned to such term in Section 2.17.
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Substitute Mortgage is defined in Section 3.7.
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Substitute Mortgage. 2.3 "Substitute Property" - 2.3 "Substitution" - 2.3 "Substitution Date" - 2.3 "Successor Borrower" - 2.4.4 "Tax and Insurance Escrow Fund": - 4.3 "Tax and Insurance Account" - 4.1.3 "Total Defeasance"-2.4.1 "Transfer" - 7.7 "UBS Group" - 10.1.3 "Undefeased Note" - 2.4.2 "Underwriter Group" - 10.1.3 "Underwriters" - 10.1.3 "Voluntary Prepayment" - 3.2.1 "▇▇▇▇" - 7.7 "WEA" - 7.7 "Westfield" - 7.7 "Year 2000" - 6.18
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Substitute Mortgage is defined in Section 23.
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