Common Contracts
6 similar Mortgage Loan Purchase Agreement contracts by J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10, Citigroup Commercial Mortgage Trust 2013-Gc15, Citigroup Commercial Mortgage Trust 2013-Gc17, others
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 25, 2015 Fixed Rate Mortgage Loans Series 2015-C27Mortgage Loan Purchase Agreement • February 25th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C27 • Asset-backed securities • New York
insurance proceeds and condemnation awards. 18 All RAIT Mortgage Loans (Loan Nos. 32, 34, 36, 40 and 42) (Insurance) – The related mortgage loan documents permit the borrower to maintain insurance that does not satisfy the requirements of the mortgage loan documents to the extent approved by the lender and, generally, if required by the lender, a rating confirmation has been obtained. 26 New Land Enterprises (Loan No. 36) (Local Law Compliance) – Pursuant to the related zoning consultant’s report, the use of a portion of one of the Mortgaged Properties as a movie theater is a legal non-conforming use as there was no special use permit on file, which is required by the municipality for the operation of a movie theater. The mortgage loan documents contain a loss carveout with respect to any losses suffered by the lender as a result of this non-conforming use. 31 ZPI Portfolio (Loan No. 34) (Acts of Terrorism Exclusion) – If TRIA is discontinued or not renewed, the borrower is not require
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and STARWOOD MORTGAGE FUNDING I LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2013 Series 2013-GC17Mortgage Loan Purchase Agreement • December 9th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc17 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • November 20th, 2013 • GS Mortgage Securities Trust 2013-Gcj16 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception under the Mortgage Loan Documents so long as Home Depot maintains insurance or self-insurance as required under the sublease. The mortgagee is generally not required to be a loss payee under the insurance policies obtained by Home Depot. The insurance or self-insurance maintained by Home Depot does not satisfy certain requirements set forth in the representation. In addition, Home Depot is generally not required to obtain insurance against terrorist acts. Under the terms of the Home Depot sublease, which terms have been recognized by the mortgagee, insurance proceeds and condemnation awards may generally be retained by Home Depot and not applied to restoration or repayment of the debt. (26) Recourse Obligations The Brittany (No. 21), Candlewood (No. 24) and Randolph Park (No. 41) Pursuant to the Mortgage Loan Documents, the recourse liability of the non-recourse carve-out guarantor is capped at $25 million; provided that such cap wi
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • September 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc15 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (25) Licenses and Permits 735 Sixth Avenue (No. 6) A temporary certificate of occupancy (the “TCO”) has been issued with respect to the entire building (of which the Mortgaged Property consists of the commercial condominium unit in the building). The Mortgage Loan documents require the borrower to (i) use commercially reasonable efforts to cause the sponsor of the condominium to maintain the TCO and to cause the TCO to be continuously renewed at all times until a new, permanent certificate of occupancy is obtained for the condominium building (the “New PCO”), (ii) diligently and in good faith pursue completion of all of the conditions required under applicable legal requirements including, without limitation, causing any violations and any outstanding items with respect to the Mortgaged Property to be completed and/or removed of record, for the issuance of the New PCO, and (iii) cause to be delivered to the lender copies of each upd
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • March 14th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception The carveout for losses relating to intentional misrepresentation is specifically tied to the execution and delivery of the loan documents. The loan is full recourse (rather than losses only) if borrower or its affiliates commit fraud in connection with the execution and delivery of the loan documents. 28 Sky Hotel Aspen (Loan No. 27) (Recourse Obligations) – The involuntary bankruptcy carveout only applies if such involuntary bankruptcy is not discharged, stayed or dismissed within 60 days. There is a carveout for misapplication or misappropriation of security deposits, but there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. The carveout for losses relating to intentional misrepresentation is specifically tied to the execution and delivery of the loan documents. The loan is full recourse (rather than lo
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • March 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception The carveout for losses relating to intentional misrepresentation is specifically tied to the execution and delivery of the loan documents. The loan is full recourse (rather than losses only) if borrower or its affiliates commit fraud in connection with the execution and delivery of the loan documents. 28 Sky Hotel Aspen (Loan No. 27) (Recourse Obligations) – The involuntary bankruptcy carveout only applies if such involuntary bankruptcy is not discharged, stayed or dismissed within 60 days. There is a carveout for misapplication or misappropriation of security deposits, but there is no separate carveout specific to security deposits not being delivered to lender upon foreclosure or action in lieu thereof. The carveout for losses relating to intentional misrepresentation is specifically tied to the execution and delivery of the loan documents. The loan is full recourse (rather than lo
