Common use of Grace Period Clause in Contracts

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage Note or loan agreement provides a grace period for delinquent monthly payments no longer than fifteen (15) days from the applicable Due Date or five (5) days from notice to the related Mortgagor of the default.

Appears in 42 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2006-C1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Cki1), Mortgage Loan Purchase Agreement (MLCFC Commercial Mortgage Trust Series 2006-1)

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Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage Note or loan agreement provides a grace period for delinquent monthly payments no longer than fifteen (15) 15 days from the applicable Due Date or five (5) days from notice to the related Mortgagor of the default.

Appears in 23 contracts

Samples: Mortgage Loan Purchase Agreement (ML-CFC Commercial Mortgage Trust 2006-4), Mortgage Loan Purchase Agreement (ML-CFC Commercial Mortgage Trust 2006-3), Mortgage Loan Purchase Agreement (ML-CFC Commercial Mortgage Trust 2007-6)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments no longer than fifteen (15) days from the applicable Due Date or five (5) days from notice to the related Mortgagor Borrower of the default.

Appears in 9 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1), Mortgage Loan Purchase Agreement (Merrill Lynch Comm Mort Ps THR Certs Ser 2003-Key1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments no longer than fifteen (15) days from the applicable Due Date or five (5) days from notice to the related Mortgagor of the default.

Appears in 8 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2004-Bpc1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Mkb2), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2004-Bpc1)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments Monthly Payments no longer than fifteen (15) days from the applicable Due Date or five (5) days from notice to the related Mortgagor Borrower of the default.

Appears in 5 contracts

Samples: Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mor Sec Corp Com Cer Ser 2003-C3), Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mor Sec Corp Com Cer Ser 2003-C3), Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mor Sec Corp Com Cer Ser 2003-C3)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments Monthly Payments no longer than fifteen (15) days from the applicable Due Date or five (5) days from notice to the related Mortgagor of the defaultDate.

Appears in 4 contracts

Samples: Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Cert Series 2002-Key2), Mortgage Loan Purchase Agreement (Credit Suisse First Boston Mortgage Securities Corp), Certificate Purchase Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments Monthly Payments no longer than fifteen (15) 15 days from the applicable Due Date or five (5) or, alternatively, 5 days from notice to the related Mortgagor Borrower of the default).

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Ser 2001-Ck3), Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Ser 2001-Ck3)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments Monthly Payments no longer than fifteen (15) days from the applicable Due Date or (or, in the case of Mortgage Loans identified on Schedule C-48, five (5) days from after the date of written notice to the related Mortgagor Borrower of the default).

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Cert Series 2002-Key2)

Grace Period. With respect to each Mortgage Loan, the related Mortgage, Mortgage or Mortgage Note or loan agreement provides a grace period for delinquent monthly payments Monthly Payments no longer than fifteen (15) 15 days from the applicable Due Date or five (5) days from notice to the related Mortgagor of the defaultDate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Commercial Mortgage Pass Through Ser 2001-Ck3)

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