Senior Interests Sample Clauses

Senior Interests. (I) With respect to each Purchased Asset that is a Senior Interest (other than a senior or pari passu participation interest in a Whole Loan):

Senior Interests. The Seller shall provide written notice to the Purchaser at least ten (10) days prior to the Seller, any Guarantor or any Affiliate thereof acquiring any interest that would be senior in priority to any existing Purchased Asset. Each notice pursuant to this Subsection 5.1(j) shall be accompanied by a statement of a Responsible Officer of the Seller or the Guarantor, as applicable, setting forth details of the occurrence referred to therein and stating what action the Seller or the Guarantor, as applicable, has taken or proposes to take with respect thereto.

Senior Interests. Unless otherwise agreed to by the Administrative Agent in its sole and absolute discretion, no Credit Party shall acquire or maintain any right or interest in any Mortgage Asset (or, directly or indirectly, the Underlying Mortgaged Property with respect thereto) that is senior to the rights and interests of the Administrative Agent or the Lenders therein under this Agreement and the Credit Documents.

Senior Interests. Notice of at least ten (10) days prior to the Seller or any other Repurchase Party acquiring any interest that would be senior in priority to or pari passu with any existing Purchased Asset in respect of the Underlying Property. Each notice pursuant to this Subsection 5.1(i) shall be accompanied by an Officer’s Certificate setting forth details of the occurrence referred to therein and stating what action the Seller and has taken or proposes to take with respect thereto.