Split Loan Structures Sample Clauses

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “Bank of America Plaza Mortgage Loan”) also secures three companion loans to the same Borrower, which consist of a promissory note designated note A-2 in the original principal balance of $116,670,000, a promissory note designated note A-3 in the original principal balance of $110,000,000 and a promissory note designated note A-4 in the original principal balance of $23,330,000 and which are pari passu in right of payment to the Bank of America Plaza Mortgage Loan (each a “Bank of America Plaza Pari Passu Companion Loan” and, collectively with the Bank of America Plaza Mortgage Loan, the “Bank of America Plaza Loan Combination”). The Bank of America Plaza Pari Passu Companion Loans and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Pari Passu Companion Loan Holders. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 2 on the Mortgage Loan Schedule (the “Columbus Square Portfolio Mortgage Loan”) also secures three companion loans to the same Borrower, which consist of a promissory note designated note A-2 in the original principal balance of $103,750,000, a promissory note designated note A-3 in the original principal balance of $75,000,000 and a promissory note designated note A-4 in the original principal balance of $96,250,000, and which are pari passu in right of payment to the Columbus Square Portfolio Mortgage Loan (each, a “Columbus Square Portfolio Pari Passu Companion Loan” and, collectively with the Columbus Square Portfolio Mortgage Loan, the “Columbus Square Portfolio Loan Combination”). The Columbus Square Portfolio Pari Passu Companion Loans and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Pari Passu Companion Loan Holders.

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “0 Xxxxxxxx Xxxxxx Mortgage Loan”) also secures four companion loans to the same Borrower, which consist of a promissory note designated note A-1 in the original principal balance of $90,000,000 (the “3 Columbus Circle Controlling Pari Passu Companion Loan”), a promissory note designated note A-2 in the original principal balance of $50,000,000 (a “3 Columbus Circle Non-Controlling Pari Passu Companion Loan”), a promissory note designated note A-4 in the original principal balance of $85,000,000 (a “3 Columbus Circle Non-Controlling Pari Passu Companion Loan”), and a promissory note designated note A-5 in the original principal balance of $50,000,000 (a “3 Columbus Circle Non-Controlling Pari Passu Companion Loan”, and together with the other 0 Xxxxxxxx Xxxxxx Non-Controlling Pari Passu Companion Loans and the 0 Xxxxxxxx Xxxxxx Controlling Pari Passu Companion Loan, the “

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 2 on the Mortgage Loan Schedule (the “JW Marriott – New Orleans Mortgage Loan”) also secures a companion loan to the same Borrower, which consists of a promissory note designated note A-2 in the original principal balance of $40,000,000 which is pari passu in right of payment to the JW Marriott New Orleans Mortgage Loan (the “JW Marriott New Orleans Pari Passu Companion Loan” and, collectively with the JW Marriott New Orleans Mortgage Loan, the “JW Marriott New Orleans Loan Combination”). The JW Marriott New Orleans Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Pari Passu Companion Loan Holder. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 6 on the Mortgage Loan Schedule (the “Colorado Mxxxx Mortgage Loan”) also secures a companion loan to the same Borrower, which consists of a promissory note designated note A-1 in the original principal balance of $100,000,000, and which is pari passu in right of payment to

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 2 on the Mortgage Loan Schedule (the “000 Xxxxx Xxxxxxx Xxxxxx Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the 000 Xxxxx Xxxxxxx Xxxxxx Mortgage Loan (the “000 Xxxxx Xxxxxxx Xxxxxx Pari Passu Companion Loan” and together with the 000 Xxxxx Xxxxxxx Xxxxxx Mortgage Loan, the “000 Xxxxx Xxxxxxx Xxxxxx Loan Combination”). The 000 Xxxxx Xxxxxxx Xxxxxx Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the holders of the 000 Xxxxx Xxxxxxx Xxxxxx Pari Passu Companion Loan. The 000 Xxxxx Xxxxxxx Xxxxxx Loan Combination will initially be serviced pursuant to (i) this Agreement and (ii) the related Intercreditor Agreement. After the 000 Xxxxx Xxxxxxx Xxxxxx Securitization Date, the 000 Xxxxx Xxxxxxx Xxxxxx Loan Combination will be serviced pursuant to the Non-Trust Pooling and Servicing Agreement. Capitalized terms used but not otherwise defined in this Preliminary Statement have the respective meanings assigned thereto in Section 1.01 of this Agreement. In consideration of the mutual agreements herein contained, the Depositor, the General Master Servicer, the General Special Servicer, the NCB Master Servicer, the Co-op Special Servicer, the Trust Advisor, the Certificate Administrator, the Tax Administrator and the Trustee hereby agree as follows:

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “100 Xxxxxx Xxxxxx Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the 100 Xxxxxx Xxxxxx Mortgage Loan (the “100 Church Street Pari Passu Companion Loan” and together with the 100 Xxxxxx Xxxxxx Mortgage Loan, the “100 Xxxxxx Xxxxxx Loan Combination”). The 100 Xxxxxx Xxxxxx Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the respective Serviced Pari Passu Companion Loan Holders.

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “Woodbridge Center Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the Woodbridge Center Mortgage Loan (the “Woodbridge Center Pari Passu Companion Loan” and together with the Woodbridge Center Mortgage Loan, the “Woodbridge Center Loan Combination”). The Woodbridge Center Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund or the REMIC Pools and will be beneficially owned by the related Non-Serviced Companion Loan Holder.

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “Westfield Mission Valley Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the Westfield Mission Valley Mortgage Loan (the “

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 4 on the Mortgage Loan Schedule (the “100 Xxxxxx Xxxxxx Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the 100 Xxxxxx Xxxxxx Mortgage Loan (the “100 Church Street Pari Passu Companion Loan” and together with the 100 Xxxxxx Xxxxxx Mortgage Loan, the “100 Xxxxxx Xxxxxx Loan Combination”). The 100 Xxxxxx Xxxxxx Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the respective Non-Serviced Companion Loan Holders. The relative rights of the holder of the 100 Xxxxxx Xxxxxx Mortgage Loan and the related Non-Serviced Companion Loan Holder are set forth in the related Intercreditor Agreement, which provides that the 100 Xxxxxx Xxxxxx Loan Combination is to be serviced and administered in accordance with the WFRBS Series 2012-C8 Pooling and Servicing Agreement. Capitalized terms used but not otherwise defined in this Preliminary Statement have the respective meanings assigned thereto in Section 1.01 of this Agreement. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Special Servicer, the Trust Advisor, the Certificate Administrator, the Tax Administrator and the Trustee hereby agree as follows:

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 1 on the Mortgage Loan Schedule (the “Woodbridge Center Mortgage Loan”) also secures two companion loans to the same Borrower, each of which is pari passu in right of payment to the Woodbridge Center Mortgage Loan (each a “

Split Loan Structures. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 2 on the Mortgage Loan Schedule (the “Matrix MHC Portfolio Mortgage Loan”) also secures a companion loan to the same Borrower, which is pari passu in right of payment to the Matrix MHC Portfolio Mortgage Loan (the “Matrix MHC Portfolio Pari Passu Companion Loan” and together with the Matrix MHC Portfolio Mortgage Loan, the “Matrix MHC Portfolio Loan Combination”). The Matrix MHC Portfolio Pari Passu Companion Loan and all amounts attributable thereto will not be assets of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Non-Serviced Companion Loan Holder. The Matrix MHC Portfolio Loan Combination will be serviced pursuant to (i) the GSMS 2013-GCJ16 Pooling and Servicing Agreement and (ii) the related Intercreditor Agreement.