Common use of PARTICIPATION AND SALE OF LOAN Clause in Contracts

PARTICIPATION AND SALE OF LOAN. (a) Beneficiary may sell, transfer or assign its entire interest or one or more participation interests in the Loan, the Loan Documents, the Indemnity Agreement and the Guaranty at any time and from time to time, including, without limitation, its rights and obligations as servicer of the Loan. Beneficiary may issue mortgage pass-through certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement, including depositing the Loan Documents with a trust that may issue securities (the "Securities"). Beneficiary may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities (collectively, the "Investor") or any Rating Agency rating such Securities and each prospective Investor, all documents and information which Beneficiary now has or may hereafter acquire relating to the Secured Indebtedness and to Trustor or any Liable Parties and the Property, whether furnished by Trustor, any Liable Parties or otherwise, as Beneficiary determines necessary or desirable.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Maguire Properties Inc), Maguire Properties Inc

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PARTICIPATION AND SALE OF LOAN. (a) Beneficiary may sell, transfer or assign all or any portion of its entire interest or one or more participation interests in the Loan, Loan and the Loan Documents, the Indemnity Agreement and the Guaranty Documents at any time and from time to time, including, without limitation, its rights and obligations as servicer of the Loan. Beneficiary may issue mortgage pass-through certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement, including depositing the Loan Documents with a trust that may issue securities (the "Securities"). Beneficiary may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities (collectively, the "Investor") or any Rating Agency rating such Securities and each prospective Investor, all documents and information which Beneficiary now has or may hereafter acquire relating to the Secured Indebtedness and to Trustor Grantor or any Liable Parties and the Property, whether furnished by TrustorGrantor, any Liable Parties or otherwise, as Beneficiary determines necessary or desirable.

Appears in 1 contract

Samples: Loan Modification Agreement (Hines Real Estate Investment Trust Inc)

PARTICIPATION AND SALE OF LOAN. (a) Beneficiary may sell, transfer or assign its entire interest or one or more participation interests in the Loan, Loan and the Loan Documents, the Indemnity Agreement and the Guaranty Documents at any time and from time to time, including, without limitation, its rights and obligations as servicer of the Loan. Beneficiary may issue mortgage pass-through certificates or other securities securities. evidencing a beneficial interest in a rated or unrated public offering or private placement, including depositing the Loan Documents with a trust that may issue securities (the "Securities"). Beneficiary may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities (collectively, the "Investor") or any Rating Agency rating such Securities and each prospective Investor, all documents and information which Beneficiary now has or may hereafter acquire relating to the Secured Indebtedness and to Trustor Grantor or any Liable Parties and the Property, whether furnished by TrustorGrantor, any Liable Parties or otherwise, as Beneficiary determines necessary or desirable.

Appears in 1 contract

Samples: Security Agreement (Wells Real Estate Investment Trust Inc)

PARTICIPATION AND SALE OF LOAN. (a) Beneficiary Lender may sell, transfer or assign its entire interest or one or more participation interests in the Loan, Loan (or portions thereof) and the Loan Documents, the Indemnity Agreement and the Guaranty Documents at any time and from time to time, including, without limitation, its rights and obligations as servicer of the Loan. Beneficiary Lender may issue mortgage pass-through passthrough certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement, including depositing the Loan Documents with a trust that may issue securities (the "Securities"). Beneficiary Lender may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities (collectively, the "Investor") or any Rating Agency rating such Securities and each prospective Investor, all documents and information which Beneficiary Lender now has or may hereafter acquire relating to the Secured Indebtedness and to Trustor Borrower or any the Liable Parties Party and the Property, whether furnished by TrustorBorrower, any the Liable Parties Party or otherwise, as Beneficiary Lender determines necessary or desirable.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Acadia Realty Trust)

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PARTICIPATION AND SALE OF LOAN. (a) Beneficiary may sell, transfer or assign its entire interest or one or more participation interests in the Loan, Loan and the Loan Documents, the Unsecured Indemnity Agreement and the Guaranty Guaranty, at any time and from time to time, including, without limitation, its rights and obligations as servicer of the Loan. Beneficiary Loan and may issue mortgage pass-through certificates or other securities evidencing a beneficial interest in a rated or unrated public offering or private placement, including depositing the Loan Documents with a trust that may issue securities (the "Securities"). Beneficiary may forward to each purchaser, transferee, assignee, servicer, participant, or investor in such Securities (collectively, the "InvestorINVESTOR") ), any prospective Investor or any Rating Agency rating agency rating or assigning value to such Securities and each prospective InvestorSecurities, all documents and information which Beneficiary now has or may hereafter acquire relating to the Secured Indebtedness and to Trustor Grantor or any Liable Parties and the Property, whether furnished by TrustorGrantor, any Liable Parties or otherwise, as Beneficiary determines necessary or desirable.

Appears in 1 contract

Samples: Washington Corp

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