No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 239 contracts
Samples: Agreement Between Noteholders (Benchmark 2024-V12 Mortgage Trust), Agreement Between Noteholders (Benchmark 2024-V12 Mortgage Trust), Agreement Between Noteholders (BMO 2024-5c8 Mortgage Trust)
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the any one or more Noteholders to any one or more other Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its share of such the application thereof in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 75 contracts
Samples: Agreement Between Noteholders (Bank5 2023-5yr3), Agreement Between Noteholders (BBCMS Mortgage Trust 2023-C21), Agreement Between Noteholders (BMO 2023-C6 Mortgage Trust)
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Securitization Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Securitization Noteholder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 41 contracts
Samples: Agreement Between Noteholders (Benchmark 2024-V10 Mortgage Trust), Agreement Between Noteholders (BBCMS Mortgage Trust 2024-5c29), Agreement Between Noteholders (Bank5 2024-5yr9)
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Non- Lead Noteholder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 17 contracts
Samples: Agreement Between Noteholders (Benchmark 2022-B34 Mortgage Trust), Agreement Between Noteholders (Benchmark 2022-B33 Mortgage Trust), Agreement Between Noteholders (Benchmark 2022-B32 Mortgage Trust)
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the any Mortgage Loan by any of the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder none of the Noteholders shall have any interest in any property taken as security for the any Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder the Noteholders shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 6 contracts
Samples: Co Lender Agreement (BBCMS Mortgage Trust 2020-C7), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2020-C56), Co Lender Agreement (Benchmark 2020-Ig1 Mortgage Trust)
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the any Mortgage Loan by any of the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-none of the Noteholders, other than the Lead Noteholder Note Holder, shall have any a direct ownership interest in any property taken as security for the any Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder of such Noteholders shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.
Appears in 5 contracts
Samples: Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (UBS Commercial Mortgage Trust 2019-C17)
