Switch Mortgage Loans definition

Switch Mortgage Loans shall herein mean Mortgage Loans which have the benefit of Savings Investment Insurance Policies taken out by the Borrower/insured with the Savings Participant.
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Switch Mortgage Loans means Mortgage Loans or a part thereof that are in the form of switch mortgage loans offered by the Transferor, under which loans the Borrower does not pay principal towards redemption of the principal amount outstanding prior to maturity but instead pays capital premium under a Savings Investment Insurance Policy.
Sample 1
Switch Mortgage Loans means Mortgage Loans or part thereof that are in the form of switch mortgage loans offered by the Transferor, under which loans the Borrower does not pay principal towards redemption of the principal amount outstanding prior to
Sample 1Sample 2

Examples of Switch Mortgage Loans in a sentence

  • Apart from the general obligation of contracting parties to provide information, there are several provisions of Dutch law applicable to offerors of financial products, such as Investment Mortgage Loans, Life Mortgage Loans and Switch Mortgage Loans with an Investment Alternative.

  • These loans are, in this Offering Circular, referred to as Savings Mortgage Loans or Switch Mortgage Loans.

  • Consequently, the risk of set-off or defences, as described above, applies without limitation and is not mitigated by the Insurance Savings Participation Agreement in case of a Switch Mortgage Loans in respect of which no Savings Premium is deposited or accumulated in a savings part of the Savings Investment Insurance Policy.

  • Under the Life Mortgage Loans, Savings Mortgage Loans and Switch Mortgage Loans, the relevant Originator has the benefit of rights under the Insurance Policies.

  • Each of the Credit Rating Agencies is established in the European Union and is registered under the CRA Regulation.Savings Mortgage ParticipantsObvion with respect to Switch Mortgage Loans and Savings Mortgage Loans to which a Savings Investment Insurance Policy or Savings Insurance Policy of Interpolis is connected; andObvion with respect to Bank Savings Mortgage Loans.

Related to Switch Mortgage Loans

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.