Common use of Condemnation Clause in Contracts

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 1242 contracts

Sources: Mortgage Loan Purchase Agreement (Bank5 2025-5yr19), Mortgage Loan Purchase Agreement (Bank5 2025-5yr19), Mortgage Loan Purchase Agreement (Bank5 2025-5yr19)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending pending, and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened threatened, for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 118 contracts

Sources: Mortgage Loan Purchase Agreement (Benchmark 2025-V17 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2025-V17 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2025-V17 Mortgage Trust)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Closing Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Closing Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 13 contracts

Sources: Mortgage Loan Purchase Agreement, Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2012-C7), Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2012-C7)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending pending, and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened threatened, for the total or partial condemnation of such any Mortgaged Property that would have a material adverse effect on the value, use or operation of the such Mortgaged Property.

Appears in 10 contracts

Sources: Mortgage Loan Purchase Agreement (Benchmark 2025-V17 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2025-V14 Mortgage Trust), Mortgage Loan Purchase Agreement (Benchmark 2024-V11 Mortgage Trust)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Closing Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Closing Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 7 contracts

Sources: Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Securities Inc)

Condemnation. As of the date of origination of such Mortgage Loan and to the Mortgage Loan Seller’s knowledge Knowledge as of the Cut-off Purchase Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge Knowledge as of the date of origination of such Mortgage Loan and as of the Cut-off Purchase Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 7 contracts

Sources: Master Repurchase Agreement (Franklin BSP Real Estate Debt, Inc.), Master Repurchase Agreement (Blackstone Private Real Estate Credit & Income Fund), Master Repurchase Agreement (Franklin BSP Real Estate Debt BDC)

Condemnation. As of the date of origination of such Mortgage Loan and to the Mortgage Loan Seller’s knowledge as of the Cut-off Purchase Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination of such Mortgage Loan and as of the Cut-off Purchase Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 6 contracts

Sources: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property. 15.

Appears in 4 contracts

Sources: Mortgage Loan Purchase Agreement, Mortgage Loan Purchase Agreement, Mortgage Loan Purchase Agreement

Condemnation. As of the date of origination of such Mortgage Loan and to the Mortgage Loan Seller’s knowledge knowledge, as of the Cut-off Purchase Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination of such Mortgage Loan and as of the Cut-off Purchase Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 3 contracts

Sources: Master Repurchase Agreement, Master Repurchase Agreement (Colony Credit Real Estate, Inc.), Master Repurchase Agreement (Tremont Mortgage Trust)

Condemnation. As of the date of origination of such Mortgage Loan and to the Mortgage Loan Seller’s knowledge Knowledge, as of the Cut-off Purchase Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge Knowledge as of the date of origination of such Mortgage Loan and as of the Cut-off Purchase Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 3 contracts

Sources: Master Repurchase Agreement (BrightSpire Capital, Inc.), Master Repurchase Agreement, Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending pending, and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened threatened, for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 2 contracts

Sources: Mortgage Loan Purchase Agreement (DBGS 2018-C1 Mortgage Trust), Mortgage Loan Purchase Agreement (DBGS 2018-C1 Mortgage Trust)

Condemnation. As of the date of origination and to the Mortgage Loan Sellermortgage loan seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Sellermortgage loan seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Securities Inc)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no System.Object[] proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Bank 2021-Bnk37)

Condemnation. As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Closing Date, there is no proceeding pending pending, and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Closing Date, there is no proceeding threatened threatened, for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (DBJPM 2016-C3 Mortgage Trust)