Defeasance Costs. If any Mortgage Loan permits defeasance, then the related Mortgage Loan documents provide that the related Borrower is responsible for the payment of all reasonable costs and expenses incurred by the related mortgagee.
Defeasance Costs. If the Mortgage Loan permits defeasance, then the mortgage loan documents related to such Mortgage Loan require (a) the borrower to pay all rating agency fees associated with defeasance and all other out-of-pocket expenses associated with defeasance such as accountant's fees and opinions of counsel, or (b) that the borrower provide a REMIC opinion, an opinion regarding the first priority perfected security interest in the defeasance collateral, rating agency letters certifying no rating qualification or downgrade on any securities, and accountant certification that all payments from the defeasance collateral are sufficient to make monthly principal and interest payments on such Mortgage Loan through maturity.
Defeasance Costs. If any Mortgage Loan permits defeasance, then the related Mortgage Loan Documents provide that the related Borrower is responsible for the payment of all reasonable costs and expenses incurred by the related mortgagee, including Rating Agency fees.
Defeasance Costs. If the Mortgage Loan permits defeasance, then the mortgage loan documents related to such Mortgage Loan require (a) the borrower to pay all rating agency fees associated with defeasance and all other out-of-pocket expenses associated with defeasance such as accountant's fees and opinions of counsel, or (b) that the borrower provide a REMIC opinion, an opinion regarding the first priority perfected security interest in the defeasance collateral, rating agency letters certifying no rating qualification or downgrade on any securities, and accountant certification that all payments from the defeasance collateral are sufficient to make monthly principal and interest payments on such Mortgage Loan through maturity. It is understood and agreed that the representations and warranties set forth in this Exhibit B shall survive delivery of the respective Mortgage Files to the Purchaser, the Depositor and/or the Trustee and shall inure to the benefit of the Purchaser, and its successors and assigns (including without limitation the Depositor, the Trustee and the holders of the Certificates), notwithstanding any restrictive or qualified endorsement or assignment. SCHEDULE B-1 to EXHIBIT B EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES
Defeasance Costs. If any Mortgage Loan permits defeasance, then the related Mortgage Loan documents provide that the related Borrower is responsible for the payment of all reasonable costs and expenses incurred by the related mortgagee, including rating agency fees, accountant's fees and lender's attorney's fees and expenses, in connection with the defeasance of such Mortgage Loan. Schedule C-1 Tax Parcel Exceptions Schedule C-2 Servicing Rights Exceptions Property Name Servicer ------------- -------- Exhibit D-1 Certificate of an Officer of the Seller I, _________________________, hereby certify that I am a ____________________ of _______________, a _________________ Corporation (the "Seller"), and further certify as follows:
1. Attached hereto as Attachment A are true, correct and complete copies of the Articles of Incorporation and By-Laws of the Seller, which are in full force and effect on the date hereof.
2. Attached hereto as Attachment B are the resolutions of the board of directors of the Seller authorizing and approving Seller's execution, delivery and performance of the Mortgage Loan Purchase and Sale Agreement, dated as of _______________ (the "Mortgage Loan Purchase and Sale Agreement"), between Greenwich Capital Commercial Funding Corp. as purchaser and the Seller as seller.
3. Attached hereto as Attachment C is a certificate of good standing of the Seller issued by the Secretary of State of the State of ______________ issued within ten days of the date hereof and no event (including, without limitation, any act or omission on the part of the Seller) has occurred since the date thereof which has affected the good standing of the Seller under the laws of the State of ___________________.
4. Each person who, as an officer or representative of the Seller, signed the Mortgage Loan Purchase and Sale Agreement or any other document or certificate delivered by or on behalf of the Seller prior hereto or on the date hereof in connection with the transactions contemplated in the Mortgage Loan Purchase and Sale Agreement, was, at the respective times of such signing and delivery, and is as of the date hereof, duly elected or appointed, qualified and acting as such officer or representative, and the signature of such persons appearing on such documents are their genuine signatures. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Mortgage Loan Purchase and Sale Agreement.
Defeasance Costs. 1501 Green Road The loan agreement provides that the 0000-0000 NW 40th Court processing fee payable to lender for its 0000 X. Xxxxxline Road administrative costs is subject to a $5,000 cap.
Defeasance Costs. The term “Defeasance Costs” shall mean all costs and fees incurred or payable in order to accomplish and complete the Defeasance (including but not limited to the Defeasance Fee, the Defeasance Collateral Cost, and all costs and fees of Lender).
Defeasance Costs. The Company shall prepare a schedule setting forth an itemized list of any and all Defeasance Costs (the “Defeasance Costs Annex”), in a manner consistent with Annex 6 attached hereto
Defeasance Costs. Loan No.
Defeasance Costs. At Closing, Defeasance Costs shall be allocated and paid as provided in Section 7(a) above.
