Common use of Sale of Mortgages and Securitization Clause in Contracts

Sale of Mortgages and Securitization. (a) Lender shall have the right (i) to sell or otherwise transfer the Loan or any portion thereof as a whole loan, (ii) to sell participation interests in the Loan, or (iii) to securitize the Loan or any portion thereof in a single asset securitization or a pooled loan securitization. (The transactions referred to in clauses (i), (ii) and (iii) shall hereinafter be referred to collectively as “Secondary Market Transactions” and the transactions referred to in clause (iii) shall hereinafter be referred to as a “Securitization”. Any certificates, notes or other securities issued in connection with a Securitization are hereinafter referred to as “Securities”).

Appears in 4 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

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Sale of Mortgages and Securitization. (a) Lender shall have the right (i) to sell or otherwise transfer the Loan or any portion thereof as a whole loan, (ii) to sell participation interests in the Loan, Loan or (iii) to securitize the Loan or any portion thereof in a single asset securitization or a pooled loan securitization. (The transactions transaction referred to in clauses (i), (ii) and (iii) shall hereinafter be referred to collectively as "Secondary Market Transactions" and the transactions referred to in clause (iii) shall hereinafter be referred to as a "Securitization”. ." Any certificates, notes or other securities issued in connection with a Securitization are hereinafter referred to as "Securities").

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Ventas Inc), Loan Agreement (Ventas Inc)

Sale of Mortgages and Securitization. (a) Lender shall have the right (i) to sell or otherwise transfer the Loan Loans or any portion thereof as a whole loan, (ii) to sell participation interests in the LoanLoans, or (iii) to securitize the Loan Loans or any portion thereof in a single asset securitization or a pooled loan securitization. (The transactions referred to in clauses (i), (ii) and (iii) shall hereinafter be referred to collectively as “Secondary Market Transactions” and the transactions referred to in clause (iii) shall hereinafter be referred to as a “Securitization”. Any certificates, notes or other securities issued in connection with a Securitization are hereinafter referred to as “Securities”.).

Appears in 1 contract

Samples: Loan Agreement (Tandem Health Care, Inc.)

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Sale of Mortgages and Securitization. (a) Lender shall have the right right, at Lender's option, (i) to sell or otherwise transfer the Loan or any portion thereof and the Loan Documents as a whole loan, (ii) to sell a participation interests interest in the Loan, Loan and the Loan Documents or (iii) to securitize the Loan or any portion thereof in a single asset securitization or a pooled loan securitization. (The transactions transaction referred to in clauses (i), (ii) and (iii) shall hereinafter be referred to collectively as “Secondary Market Transactions” "SECONDARY MARKET TRANSACTIONS" and the transactions transaction referred to in clause (iii) shall hereinafter be referred to as a “Securitization”"SECURITIZATION". Any certificates, notes certificates or other securities issued in connection with a Securitization are hereinafter referred to as “Securities”"SECURITIES").

Appears in 1 contract

Samples: Loan Agreement (Ramco Gershenson Properties Trust)

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