Underlying Whole Loan definition

Underlying Whole Loan. With respect to any Loan Obligation that is a Senior Participation, the Whole Loan in which such Senior Participation represents a participation interest.
Underlying Whole Loan means the underlying first priority commercial mortgage loan secured by the Underlying Mortgage.
Underlying Whole Loan. With respect to any Loan Obligation that is an Acquired Participation, the Whole Loan in which such Acquired Participation represents a participation interest.

Examples of Underlying Whole Loan in a sentence

  • Subordinated Lender waives any right it may have to require that Class A Lender marshal any assets of any Borrower Party or any of its direct or indirect subsidiaries (including any Underlying Whole Loan and Underlying Loan) in favor of Subordinated Lender and Subordinated Lender agrees that it shall not acquire, by subrogation or otherwise, any lien, estate, right or other interest in any of the Underlying Whole Loan or Underlying Loan or the proceeds therefrom that is or may be prior to the Class A Loan.

  • No Purchased Loan or Underlying Whole Loan permits the release or substitution of collateral if such release or substitution (a) would create a “significant modification” of such loan within the meaning of Treas.

  • The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring the Series D Preferred Stock or receiving Underlying Shares in respect of the Series D Preferred Stock.

  • With respect to any Purchased Loan or Underlying Whole Loan in respect of which payments by the borrower or other obligor thereon are required to be paid directly to a lockbox, the servicer or such other Person responsible for administration of such lockbox has complied in all material respects with the procedures established in the Purchased Asset Documents for administration of remittances in respect of such lockbox.

  • Seller (or if Seller is not the originator, the originator of the Purchased Loan or the Underlying Whole Loan) has inspected or caused to be inspected each Mortgaged Property in connection with the origination of such loan.

  • Rain Gardens cost approximately $5 to $7 (2005) per cubic foot of storage to construct.

  • No Purchased Loan or Underlying Whole Loan contains any equity participation by the lender or provides for negative amortization or for any contingent or additional interest in the form of participation in the cash flow of the related Mortgaged Property.

  • During any period of time commencing after Class A Lender notifies Borrower in writing that Class A Lender (together with its Affiliates) no longer has any direct economic interest in the Underlying Whole Loan, Borrower shall promptly, and in any case within two (2) Business Days after obtaining Knowledge thereof, deliver to Lender any written notice of the occurrence of any Underlying Loan Event of Default.

  • To the actual knowledge of Seller, there are no actions, suits or proceedings pending or threatened before any court, administrative agency or arbitrator concerning the Purchased Loan or the Underlying Whole Loan or related Mortgagor or Mortgaged Property that might materially and adversely affect the Mortgagor’s ability to pay principal, interest or other amounts due under the Purchased Loan or value of the Mortgaged Property as security for the Purchased Loan.

  • Seller has not and no other holder of a Purchased Loan or Underlying Whole Loan has advanced funds or induced, solicited or received any advance of funds from a party other than the owner of the related Mortgaged Property, directly or indirectly, for the payment of any amount required by such loan.


More Definitions of Underlying Whole Loan

Underlying Whole Loan shall have the meaning specified in Exhibit G-2.

Related to Underlying Whole Loan

  • Whole Loan As defined in the Introductory Statement.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • 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.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Refinanced Mortgage Loan A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • ARD Mortgage Loan Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the Mortgage Loan Schedule.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Eligible Mortgage Loan means a Mortgage Loan:

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.