Common use of Certain Matters Relating to Non-Trust-Serviced Pari Passu Loans Clause in Contracts

Certain Matters Relating to Non-Trust-Serviced Pari Passu Loans. (a) Notwithstanding anything to the contrary in this Agreement, with respect to each Mortgage Loan that is a Non-Trust-Serviced Pari Passu Loan, each of the document delivery requirements set forth herein will be satisfied by the delivery by the Seller of copies of each such document specified herein (other than the Mortgage Note (and all intervening endorsements) evidencing the Mortgage Loan, with respect to which the originals shall be required); provided, the document delivery requirements for the Assignment of Mortgage, any assignment of Assignment of Leases and any UCC-2 or UCC-3 financing statement set forth herein will be satisfied by the delivery by the Seller of copies of such documents made in favor of the Other Trustee pursuant to the Other Pooling and Servicing Agreement.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8)

AutoNDA by SimpleDocs

Certain Matters Relating to Non-Trust-Serviced Pari Passu Loans. (a) Notwithstanding anything to the contrary in this Agreement, with respect to each Mortgage Loan that is a Non-Trust-Trust Serviced Pari Passu Loan, each of the document delivery requirements set forth herein will be satisfied by the delivery by the related Seller of copies of each such document specified herein (other than the Mortgage Note (and all intervening endorsements) evidencing the Mortgage such Non-Trust Serviced Pari Passu Loan, with respect to which the originals shall be required); provided, the document delivery requirements for the Assignment of Mortgage, any assignment of Assignment of Leases and any UCC-2 or UCC-3 financing statement set forth herein will be satisfied by the delivery by the such Seller of copies of such documents made in favor of the related Other Trustee pursuant to the related Other Pooling and Servicing Agreement.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Trust 2007-Iq16)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.