Common use of Junior Liens Clause in Contracts

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan that is cross-collateralized and cross-defaulted with another Mortgage Loan, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in on Exhibit C-32B-30-1 to this Exhibit C1, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B Notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 A to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Underlying Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor., other than as set forth on Schedule 2-C.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 Schedule D-2 to this Exhibit CD, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (56) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 Schedule D-2 to this Exhibit CD, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 A to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (56) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 Schedule B-1 to this Exhibit CB, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit Con Schedule B-1, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 C to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 C or Schedule 2-D to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 Schedule D- 2 to this Exhibit CD, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 on Schedule D-2 to this Exhibit CD, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32on Schedule B-30-1 to this Exhibit CB, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B Notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 A to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in on Exhibit C-32B-1-1 to this Exhibit C1, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B Notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Closing Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32Schedule 2-1 A to this Exhibit C2, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes and junior participation interests secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s materialmens liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit CSchedule 1(b), the Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Mortgage Loan Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (56) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, the Mortgage Loan Seller has no knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Underlying Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor, other than as set forth on Schedule 2-C to this Exhibit 2.

Junior Liens. It being understood that Subordinate Companion Loans B notes and junior participation interests secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s materialmens liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit Cthe applicable Loan Obligations Purchase Agreement, the Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagorborrower.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Purchased Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansPurchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to the best knowledge of Seller’s knowledge, as of the Cut-off Purchase Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title ExceptionsEncumbrances, taxes and assessments, mechanics’ mechanics and materialmen’s materialmens liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, The Seller has no knowledge of any mezzanine debt secured directly by direct interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes secured by the same Mortgage as a Mortgage Purchased Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansPurchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to the actual knowledge of Seller’s knowledge, as of the Cut-off Purchase Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title ExceptionsEncumbrances, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit Cthe related Purchased Loan File, the Seller has no actual knowledge of any mezzanine debt secured directly by direct interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage Loans, there are, as of origination, and to Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exh. C-3 Exceptions, taxes and assessments, mechanics’ and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that Subordinate Companion Loans B notes and junior participation interests secured by the same Mortgage as a Mortgage Loan are not subordinate mortgages or junior liens, except for any Crossed Mortgage LoansLoan, there are, as of origination, and to the Seller’s knowledge, as of the Cut-off Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property mortgaged property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics’ mechanics and materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in Exhibit C-32-1 to this Exhibit C, The Seller has no knowledge of any mezzanine debt secured directly by interests in the related Mortgagorborrower.