Underlying Mortgage Loan definition

Underlying Mortgage Loan means, with respect to any B-Note, Junior Interest, Mezzanine Loan, CMBS or CRE CDO, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan. With respect to any Junior Interest, Mezzanine Loan, Preferred Equity, CMBS, RMBS, Non-Controlling Interest or Pass-Through Interest, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means a Mortgage Loan the bare legal title of which is owned by Guarantor and allocated to the Participation Interest.

Examples of Underlying Mortgage Loan in a sentence

  • In no event, however, shall the term “Mortgaged Property” include any mortgaged property or real estate owned property relating to an Underlying Mortgage Loan.

  • The Mortgage Note and the Mortgage and any other agreement executed and delivered by a Mortgagor or guarantor, if applicable, in connection with an Underlying Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms.

  • All parties to the Mortgage Note, the Mortgage and any other such related agreement had legal capacity to enter into the Underlying Mortgage Loan and to execute and deliver the Mortgage Note, the Mortgage and any such agreement, and the Mortgage Note, the Mortgage and any other such related agreement have been duly and properly executed by such related parties.

  • The Underlying Mortgage Loan has been closed and the proceeds of the Underlying Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no obligation for the mortgagee to advance additional funds thereunder, and any and all requirements as to completion of any on site or off site improvement and as to disbursements of any escrow funds therefor have been complied with.

  • Other than Pooled Loans, and except as contemplated by the Facility Documents, the Underlying Mortgage Loan is not assigned or pledged, and Nominee has good, indefeasible and marketable title thereto, free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest or participation of, or agreement with, any other party, to pledge each Underlying Mortgage Loan pursuant to this Agreement.


More Definitions of Underlying Mortgage Loan

Underlying Mortgage Loan means, with respect to any B-Note, Participation Interest, Mezzanine Loan or CMBS, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means, (a) with respect to any Participation Interest, a mortgage loan made in respect of the related Underlying Mortgaged Property and (b) with respect to any Mezzanine Loan, the mortgage loan made to the borrower whose Capital Stock, or whose direct or indirect parent’s Capital Stock, comprises the security for such Mezzanine Loan.
Underlying Mortgage Loan means a Mortgage Loan for which the Participation Certificate evidences the Lender's ownership interest therein.
Underlying Mortgage Loan. The conventional, fixed rate, fully amortizing and balloon, first lien residential mortgage loans included in Pool 2 of the Underlying Trust Fund as of the Closing Date.