Puerto Rico Self Storage Portfolio Loan Sample Clauses

Puerto Rico Self Storage Portfolio Loan. (a) With respect to Loan No. 3401554 on the Mortgage Loan Schedule (the "Puerto Rico Self Storage Portfolio Loan"), the Seller hereby agrees to indemnify the Trust for any and all costs and expenses incurred by the Trust, including interest on Advances, Special Servicing Fees, Additional Trust Fund Expenses and the costs and expenses of the Special Servicer in connection with, or arising out of the enactment after the Closing Date of, any law of the Commonwealth of Puerto Rico or any political subdivision thereof changing in any way the laws relating to the taxation of mortgages or security agreements or debts secured by mortgages or security agreements or the interest of a lender or secured party in the property covered thereby or interest charged under a loan or requiring any withholding of taxes by a borrower in respect of a loan, which, in each case, applies to the Puerto Rico Self Storage Portfolio Loan (any such enacted legislation, the "Puerto Rico Tax Legislation"); provided that the foregoing indemnification shall not apply to Special Servicing Fees and other costs and expenses incurred by the Special Servicer that (i) are incurred as a result of the failure of the related mortgagor under the Puerto Rico Self Storage Portfolio Loan to make certain "gross-up" payments pursuant to Section 17.4 of the loan agreement related to the Puerto Rico Self Storage Portfolio Loan (such payments, the "Puerto Rico Self Storage Portfolio Gross-Up Payments") and (ii) are incurred prior to the date that the failure of the related mortgagor to make such Puerto Rico Self Storage Portfolio Gross-Up Payment shall constitute a Servicing Transfer Event with respect to the Puerto Rico Self Storage Portfolio Loan in accordance with clause (iii) of the definition of "Servicing Transfer Event". (b) As specified in Section 3.30(a) of the Pooling and Servicing Agreement, the Seller will have the option, exercisable in its sole discretion, to make Puerto Rico Self Storage Portfolio Gross-Up Payments that are required to be made by the mortgagor under the terms of the loan agreement for the Puerto Rico Self Storage Portfolio Loan, to the extent the mortgagor fails to make such payments. As specified in Section 3.30(b) of the Pooling and Servicing Agreement, the Seller will have the option, exercisable in its sole discretion, to purchase the Puerto Rico Self Storage Portfolio Loan upon the enactment of the Puerto Rico Legislation, so long as an event of default under the Puerto R...
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Related to Puerto Rico Self Storage Portfolio Loan

  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and

  • PORTFOLIO HOLDINGS The Adviser will not disclose, in any manner whatsoever, any list of securities held by the Portfolio, except in accordance with the Portfolio’s portfolio holdings disclosure policy.

  • Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty

  • Portfolio Securities Portfolio securities of the Issuer may be bought or sold by or through Distributors, and Distributors may participate directly or indirectly in brokerage commissions or "spreads" for transactions in portfolio securities of the Issuer.

  • Portfolio Transactions The Manager is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Portfolio and is directed to use its best efforts to obtain the best available prices and most favorable executions, except as prescribed herein. It is understood that the Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund or to the Portfolio, or be in breach of any obligation owing to the Fund or to the Portfolio under this Agreement, or otherwise, solely by reason of its having caused the Portfolio to pay a member of a securities exchange, a broker, or a dealer a commission for effecting a securities transaction for the Portfolio in excess of the amount of commission another member of an exchange, broker, or dealer would have charged if the Manager determines in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker, or dealer, viewed in terms of that particular transaction or the Manager’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. The Manager will promptly communicate to the officers and directors of the Fund such information relating to transactions for the Portfolio as they may reasonably request.

  • Mortgage Payments Received After Transfer Date The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by overnight mail within one (1) Business Day following the date of receipt. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by it after the related Transfer Date.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

  • Certified and Minority Business Enterprises Reports Upon Customer request, the Contractor shall report to the requesting Customer the Contractor’s spend with certified and other minority business enterprises in the provision of commodities or services related to the Customer’s orders. These reports shall include the period covered, the name, minority code, and Federal Employer Identification Number of each minority business utilized during the period; commodities and services provided by the minority business enterprise, and the amount paid to each minority business enterprise on behalf of the Customer.

  • Mortgage Loan repurchased (The Master Servicer hereby certifies that the Purchase Price has been credited to the Collection Account or the Certificate Account (whichever is applicable) pursuant to the Trust Agreement.)

  • PRODUCTS MANUFACTURED IN PUBLIC INSTITUTIONS Bids offering Products that are manufactured or produced in public institutions will be rejected.

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