Mortgage Loans Representations Exceptions ability to perform its obligations under this Lease, and (d) any prior or existing materially adverse dealings with the City; and (iii) compliance in all material respects with all requirements related to Federal Trade Embargos).
Mortgage Loans Representations Exceptions. All policies may be issued by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layers of coverage are from insurers rated at least “A” by S&P and “A2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by A.M. Best), and all such insurers are required to have ratings of not less than “BBB” by S&P and “Baa2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by A.M. Best)).
Mortgage Loans Representations Exceptions. In the event (i) (a) the Mortgage Loan is paid in full in the ordinary course or (b) defeased in full in accordance with the Mortgage Loan documents, (ii) the Indemnitor delivers to the indemnitee a current Phase I environmental site assessment with respect to the Mortgaged Property (and a follow up Phase II environmental assessment report if required by the Phase I) and such other information or investigations as the indemnitee may reasonably require (collectively, “Acceptable Information”), which concludes that there is no evidence that the Mortgaged Property contains any hazardous substances in violation of applicable environmental laws that has not been remediated to the extent required by and in accordance with applicable environmental laws, and the Mortgaged Property is not subject to any significant risk of contamination from any off site hazardous substances in violation of the representations, warranties, and covenants set forth in the Mortgage Loan documents, as determined by the indemnitee in its reasonable discretion, and (iii) the indemnitee has not exercised any of its remedies under the mortgage to obtain an entry of a judgment of foreclosure, exercise any power of sale, or delivery of a deed in lieu of foreclosure of the mortgage, the Indemnitor will be released from its obligations set forth herein with respect to the Mortgaged Property on the second anniversary of the date on which items (i) through (iii) above are satisfied.
Mortgage Loans Representations Exceptions. Various All CREFI Mortgage Loans (16) Insurance The Mortgage Loan documents may permit the related Mortgagor to cause the insurance required at the related Mortgaged Property under the Mortgage Loan documents to be maintained by a tenant, or by a condominium board or association, at the related Mortgaged Property.
Mortgage Loans Representations Exceptions environmental liability insurance policy covering the Mortgaged Property. The policy was issued by Great American Insurance Company, has a $5,000,000 aggregate limit, a $5,000,000 per claim limit, a 8-year term ending in 2032, and a $25,000 deductible per claim.
Mortgage Loans Representations Exceptions environmental report confirming that each Individual Property is clear of any hazardous substances and each Individual Property is not subject to any significant risk of contamination from any off-site hazardous substances in violation of the representations, warranties, and covenants set forth in the environmental indemnity and the other Mortgage Loan documents, as determined by the indemnitee in its reasonable discretion and provided further, that, the indemnification obligations of the Indemnitor under the environmental indemnity will continue to survive as to any claims, actions, litigation or other proceedings that are then pending or subject to further appeal as of the two-year anniversary of the repayment of the Whole Loan in full.
Mortgage Loans Representations Exceptions enforcement of the Full Recourse Event thereunder and the collection of amounts due thereunder.
Mortgage Loans Representations Exceptions the lender copies of each updated TCO as and when issued and deliver to the lender a copy of the New PCO upon its issuance.
Mortgage Loans Representations Exceptions. Borrower, at all times during the term of the Mortgage Loan, to either (i) maintain a stand-alone environmental insurance policy with aggregate and individual limits of not less than $2,000,000 and a deductible or self-insured retention of $50,000, with the same coverages and endorsements as the policy delivered at origination or (ii) deliver an environmental indemnity from a guarantor acceptable to the lender, except that the Borrower is permitted to renew or replace the existing policy with the environmental coverage prior to its expiration.
Mortgage Loans Representations Exceptions. Bay or defeasing an amount equal to the lesser of (1) the outstanding principal amount of the Whole Loan, together with all interest accrued and unpaid thereon and (2)(i) 105% of the allocated loan amount for the released Mortgaged Property until such time that the outstanding principal balance of the Whole Loan has been reduced to $2,250,000,000 and (ii) thereafter, 110% of the allocated loan amount of the released Mortgaged Property.
