Underlying Mortgage Loans definition

Underlying Mortgage Loans. The mortgage loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement.

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Underlying Mortgage Loans. The mortgage loans deposited into the Underlying Trust created by the Underlying Indenture.

Underlying Mortgage Loans. The mortgage loans in the Underlying Trust Fund relating to the Underlying Certificate.

Examples of Underlying Mortgage Loans in a sentence

To the best of Sellers’ knowledge, the Underlying Mortgage Loans have been serviced in all respects, including collection practices, in accordance with all applicable requirements; provided, however, that the Sellers will only be deemed to be in breach of this representation in the event that the noncompliance resulted in foreclosure or ultimate realization on the Mortgage Note being precluded or where, upon foreclosure, specific costs could be attributed to noncompliance.
Each Mortgaged Property is located in the U.S. or a territory of the U.S. and consists of a one- to four-unit residential property, which may include, but is not limited to, a single-family dwelling, townhouse, condominium unit or unit in a planned unit development or, in the case of Underlying Mortgage Loans secured by co-op shares, leases or occupancy agreements.
Each such Future Advance Purchase or transaction involving the transfer or allocation of additional Underlying Mortgage Loans to the Trustee on behalf of the Trust shall be deemed a Transaction and, unless otherwise agreed in writing, shall be governed by this Agreement.
In addition, (i) Guarantor shall provide the Guaranty (as hereinafter defined) guarantying certain obligations of Seller and (ii) the Trustee on behalf of the Trust has pledged its interests in the Underlying Mortgage Loans and related collateral to the Buyer pursuant to the terms set forth in the Pledge Agreement.
Such additional Underlying Mortgage Loans will be part of the trust estate of the Trust.

More Definitions of Underlying Mortgage Loans

Underlying Mortgage Loans. The Loans included in an underlying trust in which a Pooled Security evidences a beneficial ownership interest.

Underlying Mortgage Loans. The Mortgage Loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement. Underlying Pooling and Servicing Agreement: The Pooling and Servicing Agreement dated as of the Closing Date, by and among Structured Asset Mortgage Investments II Inc., as depositor, ▇▇▇▇▇ Fargo Bank, National Association, as trustee, and EMC Mortgage Corporation, as servicer and sponsor, attached hereto as Exhibit D. Underlying Realized Losses: Any Realized Losses on the related Mortgage Loans allocated to the Underlying Certificates pursuant to the Underlying Pooling and Servicing Agreement.

Underlying Mortgage Loans. The Mortgage Loans deposited into the Underlying Trust created by the Underlying Pooling and Servicing Agreement. Underlying Pooling and Servicing Agreement: The Pooling and Servicing Agreement dated as of March 1, 2006, by and among Structured Asset Mortgage Investments II Inc., as depositor, ▇▇▇▇▇ Fargo Bank, National Association, not in its individual capacity but solely as trustee, and EMC Mortgage Corporation, as servicer, company and sponsor, attached hereto as Exhibit D. Underlying Realized Losses: Any Realized Losses on the Mortgage Loans allocated to the Underlying Certificates pursuant to the Underlying Pooling and Servicing Agreement.

Underlying Mortgage Loans. The mortgage loans in the Underlying Trust Funds that are included in the loan groups directly backing the Underlying Securities.

Underlying Mortgage Loans. Any Mortgage Loan (i) as to which the bare legal title is owned or acquired by an Underlying Series Trust, (ii) as to which 100% of the economic and beneficial interests in such Mortgage Loan is evidenced by the applicable Series Trust Certificate, and (iii) that is used to calculate the Purchase Price for the related Transaction on the related Purchase Date.

Underlying Mortgage Loans. The mortgage loans underlying the Underlying Certificates. Underlying Certificates: 99.247% percentage interest in the GS Mortgage Securities Corp., Mortgage Pass-Through Certificates, Series 2004-8F, Class IA-1 Certificates.

Underlying Mortgage Loans means the Mortgage Loans acquired/held by Trust Subsidiary.