Cross-Collateralized Mortgage Loan definition

Cross-Collateralized Mortgage Loan. Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.
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Cross-Collateralized Mortgage Loan. Any Mortgage Loan that is part of a Cross-Collateralized Group.
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Cross-Collateralized Mortgage Loan. Any Mortgage Loan identified on the Mortgage Loan Schedule as cross-collateralized and cross-defaulted with one or more other Mortgage Loans.
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Examples of Cross-Collateralized Mortgage Loan in a sentence

  • The Special Servicer shall be responsible, consistent with the Servicing Standard, for determining whether to exercise any rights it may have under the cross-collateralization and/or cross-default provisions of a Cross-Collateralized Mortgage Loan.

  • For purposes of reference only in this Agreement, and without in any way limiting the servicing rights and powers of the Master Servicer and/or the Special Servicer, with respect to any Cross-Collateralized Mortgage Loan (or successor REO Mortgage Loan with respect thereto), the Mortgaged Property (or REO Property) that relates or corresponds thereto shall be the property identified in the Mortgage Loan Schedule as corresponding thereto.

  • For purposes of reference only in this Agreement, and without in any way limiting the servicing rights and powers of the applicable Master Servicer and/or the applicable Special Servicer, with respect to any Cross-Collateralized Mortgage Loan (or successor REO Mortgage Loan with respect thereto), the Mortgaged Property (or REO Property) that relates or corresponds thereto shall be the property identified in the Mortgage Loan Schedule as corresponding thereto.

  • Subject to the terms of the related loan documents, no assumption of a Cross-Collateralized Mortgage Loan shall be made without the assumption of all other Serviced Trust Mortgage Loans making up the related Cross-Collateralized Group.

  • For purposes of reference only in this Agreement, and without in any way limiting the servicing rights and powers of the Master Servicer and/or the Special Servicer, with respect to any Cross-Collateralized Mortgage Loan (or successor REO Loan), the Mortgaged Property (or REO Property) that relates or corresponds thereto shall be the property identified in the Mortgage Loan Schedule as corresponding thereto.


More Definitions of Cross-Collateralized Mortgage Loan

Cross-Collateralized Mortgage Loan means any Mortgage Loan that is cross-collateralized and cross-defaulted with one or more other Mortgage Loans. For the avoidance of doubt, the Seller is not selling any Cross-Collateralized Mortgage Loans to the Purchaser pursuant to this Agreement and therefore the preceding paragraph of this Section 19 shall not apply.
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Cross-Collateralized Mortgage Loan. There is no Cross-Collateralized Mortgage Loan related to the Trust.
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Cross-Collateralized Mortgage Loan means any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan. The [Separately Serviced Mortgage Loan] shall NOT be a Cross-Collateralized Mortgage Loan for purposes of this Agreement.
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Cross-Collateralized Mortgage Loan. Any Mortgage Loan that pursuant to Section 1.03 is deemed to be, or by its terms actually is, cross-collateralized and cross-defaulted with one or more other Mortgage Loans.
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Cross-Collateralized Mortgage Loan means any Mortgage Loan that is cross-collateralized to any other loan, except to another Mortgage Loan that is a Purchased Asset.
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Cross-Collateralized Mortgage Loan. Not applicable.
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Cross-Collateralized Mortgage Loan means that certain loan in the original principal amount of $800,000,000, made pursuant to that certain Loan Agreement, dated as of July 11, 2001, by and between UBS Warburg Real Estate Investments Inc., as lender, and certain affiliates of Transferor, as borrowers, which loan is secured by one or more mortgages on the Mid Rivers Mall Property, the Mid Rivers Land II Property and certain properties owned by the XXXX Borrowers.
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