Common use of Enforcement of Due-On-Sale Clauses; Assumption Agreements; Subordinate Financing; Defeasance Clause in Contracts

Enforcement of Due-On-Sale Clauses; Assumption Agreements; Subordinate Financing; Defeasance. (a) As to each Mortgage Loan (other than a Non-Serviced Mortgage Loan) and each Serviced Companion Loan or Serviced B Note which contains a provision in the nature of a "due-on-sale" clause, which by its terms:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2006-C1 Trust), Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities Inc. Series 2004-C2)

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Enforcement of Due-On-Sale Clauses; Assumption Agreements; Subordinate Financing; Defeasance. (a) As to each Mortgage Loan (other than a Non-Serviced Mortgage Loan) and each Serviced Companion Loan or Serviced B Note which contains a provision in the nature of a "due-on-sale" clause, which by its terms:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2005-C1 Trust), Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2005-C1 Trust)

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Enforcement of Due-On-Sale Clauses; Assumption Agreements; Subordinate Financing; Defeasance. (a) As to each Mortgage Loan (other than a Non-Serviced Mortgage Loan) and each Serviced Companion Loan or Serviced B Note which contains a provision in the nature of a "due-on-sale" clause, which by its terms:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)

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