Historical Liquidated Loan Detail Sample Clauses

Historical Liquidated Loan Detail. Distribution Date Loan Number OMCR Final Recovery Determ Date Most Recent Appraisal Date Most Recent Appraisal Value Actual Balance Gross Proceeds Gross Proceeds as a % of Act Bal Liquidation Expenses Net Liquidation Proceeds Net Proceeds as a % of Act Bal Realized Loss Repurchased by Seller (Y/N) FORM OF CERTIFICATE ADMINISTRATOR RECEIPT IN RESPECT OF THE CLASS VRR CERTIFICATES [Name and Address of Retaining Party] Re: MAD Commercial Mortgage Trust 2019-650M, Commercial Mortgage Pass-Through Certificates, Series 2019-650M (Citigroup Commercial Mortgage Securities Inc., as Depositor) In accordance with Section 5.2(f) of the Trust and Servicing Agreement, dated as of December 8, 2019 (the “Agreement”), pursuant to which the captioned series of commercial mortgage pass-through certificates (the “Certificates”) were issued, the undersigned, as Certificate Administrator, hereby acknowledges receipt and possession of, and further agrees that it shall hereafter hold in the VRR Interest Safekeeping Account, the Certificates identified on Schedule I attached hereto (the “Subject Certificates”), which constitute some or all of the Combined VRR Interest, for the benefit of [Name of Retaining Party], the registered holder of the Subject Certificates, pursuant to the Agreement. Payments on the Subject Certificates shall be made to the registered holder thereof in accordance with the Agreement, including pursuant to any written wiring instructions provided in accordance with the Agreement. This receipt is solely for the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will not entitle such Person to delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject to the restrictions on transfer set forth in, and shall not be released from the VRR Interest Safekeeping Account except in accordance with, the Agreement. Capitalized terms used but not defined herein shall the respective meanings set forth in the Agreement. CITIBANK, N.A., not in its individual capacity but solely as Certificate Administrator By: Name: Title: KeyBank National Association Citigroup Commercial Mortgage Securities Inc. 10000 Xxxxxxx Xxxxxx, Xxxxx 000 388 Greenwich Street, 6th Floor Overland Park, Kansas 66211 Nxx Xxxx, Xxx Xxxx 00000 Attention: Mxxxxxx X. Xxxxxx Attention: Rxxxxxx Xxxxxxx Email: mxxxxxx_x_xxxxxx@xxxxxxx.xx Facsimile: (000) 000-0000 with copies to: and: Polsinelli Citigroup Commercial Mortgag...
Sample 1Sample 2Sample 3See All (21)
AutoNDA by SimpleDocs
Historical Liquidated Loan Detail. Distribution Date Loan Number OMCR Final Recovery Determ Date Most Recent Appraisal Date Most Recent Appraisal Value Actual Balance Gross Proceeds Gross Proceeds as a % of Act Bal Liquidation Expenses Net Liquidation Proceeds Net Proceeds as a % of Act Bal Realized Loss Repurchased by Seller (Y/N) Wilmington Trust, National Association, as Trustee 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxx 00000 Attention: CMBS Trustee – CGCMT 2020-420K Citibank, N.A., as Certificate Administrator 000 Xxxxxxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Global Transaction Services – CGCMT 2020-420K Situs Holdings, LLC, as Special Servicer 000 Xxxxxxxxxx Xxxxxx, Suite 2250 San Francisco, California 94104 Attention: Xxxxxx Xxxxxxxxx Email: xxxxxxxxxxxxxxx@xxxxxxxx.xxx with a copy to: Situs Group, LLC 0000 Xxxxxxxxxx, Xxxxx 000X Xxxxxxx, Xxxxx 00000 Attention: Legal Department Email: xxxxx@xxxxxxxx.xxx Citigroup Commercial Mortgage Trust 2020-420K, Commercial Mortgage Pass-Through Certificates, Series 2020-420K Ladies and Gentlemen: This letter is delivered pursuant to Section 7.1(e) of the Trust and Servicing Agreement, dated as of November 6, 2020 (the “Trust and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, KeyBank National Association, as Servicer, Situs Holdings, LLC, as Special Servicer, Pentalpha Surveillance LLC, as Operating Advisor, Citibank, N.A., as Certificate Administrator, and Wilmington Trust, National Association, as Trustee, on behalf of the holders Citigroup Commercial Mortgage Trust 2020-420K, Commercial Mortgage Pass-Through Certificates, Series 2020-420K (the “Certificates”) regarding the replacement of the Special Servicer. Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Trust and Servicing Agreement. Based upon our review of the operational practices of [_______], in its current capacity as Special Servicer, conducted pursuant to and in accordance with the Trust and Servicing Agreement, it is our determination, in our sole discretion exercised in good faith, that
Sample 1

Related to Historical Liquidated Loan Detail

  • Mortgage Loan Liquidated by _________________ (The Company hereby certifies that all proceeds of foreclosure, insurance, condemnation or other liquidation have been finally received and credited to the Collection Account pursuant to the Pooling and Servicing Agreement.)

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

  • Allowance for Loan and Lease Losses Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Net Worth The Company will not at any time permit Consolidated Net Worth to be less than the sum at such time of (a) US$4,500,000,000 and (b) commencing with the fiscal quarter beginning on January 1, 2007, 50% of the Company’s Consolidated Net Income for each fiscal quarter of the Company for which Consolidated Net Income is positive and for which financial statements shall have been delivered under Section 5.01(a) or (b).”

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!