Common Contracts
129 similar Mortgage Loan Purchase Agreement contracts by Benchmark 2020-B20 Mortgage Trust, Benchmark 2021-B24 Mortgage Trust, Benchmark 2023-B40 Mortgage Trust, others
PURCHASER, and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 21, 2023 Fixed Rate Mortgage Loans Series 2023-B40Mortgage Loan Purchase Agreement • December 21st, 2023 • Benchmark 2023-B40 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of December 21, 2023, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and Citi Real Estate Funding Inc., as seller (the “Seller”).
PURCHASER, and BANK OF AMERICA, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 21, 2023 Fixed Rate Mortgage Loans Series 2023-B40Mortgage Loan Purchase Agreement • December 13th, 2023 • Benchmark 2023-B40 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of December 21, 2023, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and Bank of America, National Association, as seller (the “Seller”).
PURCHASER, and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 21, 2023 Fixed Rate Mortgage Loans Series 2023-B40Mortgage Loan Purchase Agreement • December 13th, 2023 • Benchmark 2023-B40 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of December 21, 2023, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and Citi Real Estate Funding Inc., as seller (the “Seller”).
PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 21, 2023 Fixed Rate Mortgage Loans Series 2023-B40Mortgage Loan Purchase Agreement • December 13th, 2023 • Benchmark 2023-B40 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of December 21, 2023, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and JPMorgan Chase Bank, National Association, as seller (the “Seller” or “JPMCB”).
ContractMortgage Loan Purchase Agreement • November 30th, 2022 • 3650R 2022-Pf2 Commercial Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of November 30, 2022, is between 3650 REIT Commercial Mortgage Securities II LLC, a Delaware limited liability company, as purchaser (in such capacity, the “Purchaser”), and German American Capital Corporation, a Maryland corporation, as seller (the “Seller”).
ContractMortgage Loan Purchase Agreement • November 30th, 2022 • 3650R 2022-Pf2 Commercial Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of November 30, 2022, is between 3650 REIT Commercial Mortgage Securities II LLC, a Delaware limited liability company, as purchaser (in such capacity, the “Purchaser”), and Column Financial, Inc., a Delaware corporation, as seller (the “Seller”).
ContractMortgage Loan Purchase Agreement • November 30th, 2022 • 3650R 2022-Pf2 Commercial Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of November 30, 2022, is between 3650 REIT Commercial Mortgage Securities II LLC, a Delaware limited liability company, as purchaser (in such capacity, the “Purchaser”), and Citi Real Estate Funding Inc., a New York corporation, as seller (the “Seller”).
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 3, 2022 Benchmark 2022-B37 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2022-B37Mortgage Loan Purchase Agreement • November 3rd, 2022 • Benchmark 2022-B37 Mortgage Trust • Asset-backed securities • New York
maintained by the ground tenant (or approved triple net lease tenant, if applicable) in the ground lease (or approved triple net lease, if applicable), the Mortgagor may rely on insurance provided by the related ground tenant or approved triple net lease tenant in lieu of the insurance policies otherwise required under the Mortgage Loan documents, to the extent that such insurance complies with the insurance requirements under the ground lease or such approved triple net lease, as applicable. The insurance requirements of the ground lease in effect as of the origination date do not conform to, and are less than, the insurance coverages required by Representation 16 and by the Mortgage Loan documents. In the event of any conflict between the provisions of the Mortgage Loan documents and the ground lease or an approved triple net lease, with respect to a casualty to, and restoration of, the Mortgaged Property, the provisions of the ground lease or an approved triple net lease will contro
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 3, 2022 Benchmark 2022-B37 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2022-B37Mortgage Loan Purchase Agreement • November 3rd, 2022 • Benchmark 2022-B37 Mortgage Trust • Asset-backed securities • New York
agreement which satisfies the requirements under the Mortgage Loan documents providing coverage that will pay proceeds in an amount sufficient to restore the applicable outparcel lease premises to the extent such proceeds are not paid or otherwise made available under the insurance policies carried by the applicable outparcel tenant. Such insurance must be either be (x) “primary” insurance coverage in the event that the applicable outparcel tenant does not provide the applicable required insurance coverage, or (y) “excess and contingent” insurance coverage, over and above any other valid and collectible coverage then in existence, as shall be necessary to bring the insurance coverage for the applicable outparcel lease premises into full compliance with all of the terms and conditions of the Mortgage Loan documents.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 3, 2022 Benchmark 2022-B37 Mortgage Trust Commercial Mortgage Pass- Through Certificates...Mortgage Loan Purchase Agreement • November 3rd, 2022 • Benchmark 2022-B37 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of November 3, 2022, is between GS Mortgage Securities Corporation II, a Delaware corporation, as purchaser (in such capacity, the “Purchaser”), and JPMorgan Chase Bank, National Association, a national banking association organized under the laws of the United States of America, as seller (the “Seller”).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2022 Fixed Rate Mortgage Loans Series 2022-B32Mortgage Loan Purchase Agreement • February 16th, 2022 • Benchmark 2022-B32 Mortgage Trust • Asset-backed securities • New York
The Mortgage Loan documents provide that excess net insurance proceeds, after restoration, are required to be made available to the Mortgagor unless a cash sweep period is then in effect.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2022 Fixed Rate Mortgage Loans Series 2022-B32Mortgage Loan Purchase Agreement • February 16th, 2022 • Benchmark 2022-B32 Mortgage Trust • Asset-backed securities • New York
Reference is hereby made to that certain Pooling and Servicing Agreement, dated as of February 1, 2022, and that certain Mortgage Loan Purchase Agreement, dated as of February 1, 2022. In accordance with Section 5(j) of the Mortgage Loan Purchase Agreement, the Seller hereby certifies to the Depositor (with a copy via e-mail to the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee, the Operating Advisor, the Asset Representations Reviewer and the Directing Certificateholder), as follows:
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 23, 2021 GS Mortgage Securities Trust 2021-GSA3 Commercial Mortgage Pass-Through Certificates Series...Mortgage Loan Purchase Agreement • December 23rd, 2021 • GS Mortgage Securities Trust 2021-Gsa3 • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of December 23, 2021, is between GS Mortgage Securities Corporation II, a Delaware corporation, as purchaser (in such capacity, the “Purchaser”), and Goldman Sachs Mortgage Company, a New York limited partnership, as seller (the “Seller”).
3650 REIT COMMERCIAL MORTGAGE SECURITIES II LLC, PURCHASERMortgage Loan Purchase Agreement • December 13th, 2021 • 3650 REIT Commercial Mortgage Securities II LLC • Asset-backed securities • New York
3650 REIT COMMERCIAL MORTGAGE SECURITIES II LLC, PURCHASER and 3650 REAL ESTATE INVESTMENT TRUST 2 LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 18, 2021 Series 2021-PF1Mortgage Loan Purchase Agreement • November 18th, 2021 • 3650R 2021-Pf1 Commercial Mortgage Trust • Asset-backed securities • New York
Mortgaged Properties so that they would be accessible to people with disabilities. On August 19, 2021, the court approved a consent order in settlement of such action that imposes certain obligations on the defendants including, among other things, a requirement to add specific retrofits at the related Mortgaged Properties, such as installing lever handles to entry doors and adding ADA van and handicap accessible parking spaces, as well as ongoing reporting obligations.
3650 REIT COMMERCIAL MORTGAGE SECURITIES II LLC, PURCHASER and GERMAN AMERICAN CAPITAL CORPORATION SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 18, 2021 Series 2021-PF1Mortgage Loan Purchase Agreement • November 18th, 2021 • 3650R 2021-Pf1 Commercial Mortgage Trust • Asset-backed securities • New York
3650 REIT COMMERCIAL MORTGAGE SECURITIES II LLC, PURCHASER and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 18, 2021 Series 2021-PF1Mortgage Loan Purchase Agreement • November 18th, 2021 • 3650R 2021-Pf1 Commercial Mortgage Trust • Asset-backed securities • New York
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 19, 2021 Fixed Rate Mortgage Loans Series 2021-B28Mortgage Loan Purchase Agreement • August 19th, 2021 • Benchmark 2021-B28 Mortgage Trust • Asset-backed securities • New York
premiums with respect thereto equal to the Terrorism Premium Cap and the lender paying such portion of the insurance premiums in excess of the Terrorism Premium Cap (without seeking reimbursement from the Mortgagor). As used herein, “Terrorism Premium Cap” means an amount equal to the greater of (A) the product of the rate of $.10 per $100 times the lesser of (1) the outstanding principal balance of the Mortgage Loan and (2) the sum of one hundred percent (100%) of the full replacement cost and the required amount of rental loss and/or business income interruption insurance and (B) two (2) times the amount of annual insurance premium that is payable at such time for the insurance coverage required pursuant to the Mortgage Loan documents (without giving effect to the cost of terrorism coverage, named storm coverage to the extent the Mortgaged Property is located in Tier 1 or Tier 2 wind zones, or flood and earthquake coverage to the extent the Mortgaged Property is located in high risk
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 19, 2021 Fixed Rate Mortgage Loans Series 2021-B28Mortgage Loan Purchase Agreement • August 19th, 2021 • Benchmark 2021-B28 Mortgage Trust • Asset-backed securities • New York
Entity 18) Property that were transferred to third parties on or prior to the origination date. In addition, the Mortgage Loan has a Cut-off Date Principal Balance in excess of $20 million. However, the Mortgagor did not deliver a counsel’s opinion regarding non-consolidation of the Mortgagor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 19, 2021 Fixed Rate Mortgage Loans Series 2021-B28Mortgage Loan Purchase Agreement • August 19th, 2021 • Benchmark 2021-B28 Mortgage Trust • Asset-backed securities • New York
enforcement of the guaranty or environmental indemnity and the collection of amounts due thereunder are not subject to the Guarantor Liability Cap. The recourse carveout guarantor of the Mortgage Loan is an entity incorporated and domiciled in Germany. The loss recourse carveout with respect to misrepresentation is limited to material misrepresentation. The loss recourse carveout with respect to material physical waste of the Mortgaged Property is limited to intentional material physical waste of the Mortgaged Property. The loss recourse carveout with respect to misapplication of insurance proceeds or condemnation awards or of rents following an event of default is limited to intentional misapplication thereof. The full recourse carveout with respect to the Mortgagor’s acquiescence to the petition for bankruptcy, insolvency, dissolution or liquidation pursuant to federal bankruptcy law, or any similar federal or state law is limited to affirmative acquiescence thereof. Involuntary lien
3650 REIT COMMERCIAL MORTGAGE SECURITIES II LLC, PURCHASER and [LOAN SELLER], SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of [DATE] [SERIES DESIGNATION]Mortgage Loan Purchase Agreement • April 12th, 2021 • 3650 REIT Commercial Mortgage Securities II LLC • New York
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 23, 2021 Series 2021-C20Mortgage Loan Purchase Agreement • March 30th, 2021 • CSAIL 2021-C20 Commercial Mortgage Trust • Asset-backed securities • New York
MGM Tenant (the “MGM Policies”) is required to conform to the requirements of the Whole Loan documents (except it is acknowledged and agreed that the MGM Policies are permitted to vary from the requirements of the Whole Loan documents with respect to (x) the named storm sublimit which shall be no less than $700,000,000 per occurrence and (y) any property or terrorism deductible, which shall be no greater than $5,000,000). Such $700,000,000 limit is less than full replacement cost. In addition, such deductibles may be considered not to be customary. The MGM Lease provides that all insurance proceeds (except business interruption insurance proceeds not allocated to rent expenses, if any, which will be payable to and retained by the MGM Tenant) payable by reason of any property loss or damage to the Mortgaged Property, or any portion of the Mortgaged Property, under any property insurance policy will be paid to the lender or an escrow account reasonably acceptable to the Borrower and the
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and COLUMN FINANCIAL, INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 23, 2021 Series 2021-C20Mortgage Loan Purchase Agreement • March 30th, 2021 • CSAIL 2021-C20 Commercial Mortgage Trust • Asset-backed securities • New York
provided by insurance companies with a rating of “A” or better by S&P and “A2” or better by Moody’s (if Moody’s rates the securities and the applicable insurance company), with no remaining carrier below “BBB” by S&P and “Baa2” or better by Moody’s (if Moody’s rates the securities and the insurance company), or if five or more insurance companies issue the policies, then at least 60% of the insurance coverage represented by the policies must be provided by insurance companies with a rating of “A” or better by S&P and “A2” or better by Moody’s (if Moody’s rates the securities and the applicable insurance company), and to the extent carrier are rated by AM Best, a rating of A-:VIII or better (each such insurer, a “Qualified Insurer”).
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and UBS AG, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 23, 2021 Series 2021-C20Mortgage Loan Purchase Agreement • March 30th, 2021 • CSAIL 2021-C20 Commercial Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of March 23, 2021, is between Credit Suisse Commercial Mortgage Securities Corp., a Delaware corporation, as purchaser (in such capacity, the “Purchaser”), and UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York, as seller (the “Seller”).
PURCHASER, and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 24, 2021 Fixed Rate Mortgage Loans Series 2021-B24Mortgage Loan Purchase Agreement • March 24th, 2021 • Benchmark 2021-B24 Mortgage Trust • Asset-backed securities • Mandalay
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of March 24, 2021, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and Citi Real Estate Funding Inc., as seller (the “Seller”).
PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 24, 2021 Fixed Rate Mortgage Loans Series 2021-B24Mortgage Loan Purchase Agreement • March 24th, 2021 • Benchmark 2021-B24 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of March 24, 2021, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and JPMorgan Chase Bank, National Association, as seller (the “Seller”).
PURCHASER, and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 24, 2021 Fixed Rate Mortgage Loans Series 2021-B24Mortgage Loan Purchase Agreement • March 24th, 2021 • Benchmark 2021-B24 Mortgage Trust • Asset-backed securities • New York
This Mortgage Loan Purchase Agreement (this “Agreement”), dated as of March 24, 2021, is between J.P. Morgan Chase Commercial Mortgage Securities Corp., as purchaser (the “Purchaser”), and Goldman Sachs Mortgage Company, as seller (the “Seller”).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 24, 2021 Fixed Rate Mortgage Loans Series 2021-B24Mortgage Loan Purchase Agreement • March 24th, 2021 • Benchmark 2021-B24 Mortgage Trust • Asset-backed securities • New York
deductible following the exhaustion of the aggregate and (2) the aggregate does not apply to any losses arising from named windstorm, earthquake or flood. Such deductibles may be considered not to be customary. The Whole Loan documents permit the Borrower to rely on insurance maintained by MGM Lessee II, LLC (the “MGM Tenant”) so long as the master lease (the “MGM Lease”) between the Borrower and the MGM Tenant is in effect and there is no default continuing under the lease (beyond any applicable cure period). Such insurance maintained by the MGM Tenant (the “MGM Policies”) is required to conform to the requirements of the Whole Loan documents (except it is acknowledged and agreed that the MGM Policies are permitted to vary from the requirements of the Whole Loan documents with respect to (x) the named storm sublimit which shall be no less than $700,000,000 per occurrence and (y) any property or terrorism deductible, which shall be no greater than $5,000,000). Such $700,000,000 limit i
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2020 GS Mortgage Securities Trust 2020-GSA2 Commercial Mortgage Pass-Through Certificates Series 2020-GSA2Mortgage Loan Purchase Agreement • December 29th, 2020 • GS Mortgage Securities Trust 2020-Gsa2 • Asset-backed securities • New York
terrorism insurance marketplace as the result of a terrorism event which results in a material increase in terrorism insurance premiums, provided that terrorism insurance is commercially available, the related Borrower (or the MGM Tenant) will be required to maintain terrorism insurance as required by the Whole Loan documents; provided, however, that it will not be required to spend on terrorism insurance coverage more than two times the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the Whole Loan documents (without giving effect to the cost of the terrorism, flood, earthquake and windstorm components of such casualty and business interruption/rental loss insurance), and if the cost of terrorism insurance exceeds such amount, the Borrower (or the MGM Tenant) will be required to purchase the maximum amount of terrorism insurance available with funds equal to such amount.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and SOCIETE GENERALE FINANCIAL CORPORATION SELLER and SOCIÉTÉ GÉNÉRALE MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 29, 2020 GS Mortgage Securities Trust 2020-GSA2 Commercial Mortgage...Mortgage Loan Purchase Agreement • December 29th, 2020 • GS Mortgage Securities Trust 2020-Gsa2 • Asset-backed securities • New York
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 30, 2020 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • October 30th, 2020 • Benchmark 2020-B20 Mortgage Trust • Asset-backed securities • New York
interests in the IRB and the PILOT Leases. As successor-in-interest to RELP under the Development Agreement, the Mortgagor will be required to satisfy certain ongoing covenants in order to maintain the tax abatement, including: (1) the sole tenant, Amazon (Kansas City), is required to continuously operate and employ at least 1,000 full time employees at the Mortgaged Property; and (2) the sole tenant and the Mortgagor will required to become dues paying members of the KCK Area Chamber of Commerce and the Wyandotte Econ Dev Corp. If there is a default under the Development Agreement that remains uncured following 90 days’ notice from the Municipality, then the Municipality will be entitled to: (1) receive $1.5 million of liquidated damages from the Mortgagor, (2) terminate the Development Agreement, and (3) recover the amount of any tax abatement previously received by RELP or the Mortgagor, including any sales tax exemptions received by RELP, the Mortgagor or the Amazon Tenant in conne
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 30, 2020 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • October 30th, 2020 • Benchmark 2020-B20 Mortgage Trust • Asset-backed securities • Mandalay
landlord and the tenant, provided, however, that a private equity sponsor or other financial sponsor which owns a Tenant Competitor shall not be a tenant Competitor; and further, to the extent a sponsor’s separate real estate fund is unrelated to the corporate fund that owns the business which is competitive with that of the tenant, such real estate fund will not be a Tenant Competitor so long as any such sale to such private equity sponsor, other financial sponsor or real estate fund is not intended to circumvent the Tenant Competitor provisions of the lease. The lease provides that such restriction will not apply to the landlord’s mortgagee upon foreclosure or acceptance of a deed-in-lieu thereof, or during an event of default under the lease, but it will apply to subsequent transfers.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and CITI REAL ESTATE FUNDING INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 30, 2020 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • October 30th, 2020 • Benchmark 2020-B20 Mortgage Trust • Asset-backed securities • Mandalay
the Whole Loan guaranteeing any failure by the related Borrower to pay its obligations actually incurred with respect to that portion of the deductible that exceeds 5% of the total insurable value of an Mortgaged Property, the deductibles for windstorm and earthquake coverage may be up to 15% of the total insurable value of the Mortgaged Property); provided, further, that (1) the related Borrower may utilize a $4,000,000 aggregate deductible subject to a $100,000 per occurrence deductible and a $100,000 maintenance deductible following the exhaustion of the aggregate and (2) the aggregate does not apply to any losses arising from named windstorm, earthquake or flood. Such deductibles may be considered not to be customary. The Whole Loan documents permit the Borrower to rely on insurance maintained by MGM Lessee II, LLC (the “MGM Tenant”) so long as the master lease (the “MGM Lease”) between the Borrower and the MGM Tenant is in effect and there is no default continuing under the lease
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 30, 2020 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • October 30th, 2020 • Benchmark 2020-B20 Mortgage Trust • Asset-backed securities • New York
coverage; provided, however, the lender is permitted under the Mortgage Loan documents to increase the requirement with respect to the terrorism coverage throughout the Mortgage Loan term so long as at no point during the Mortgage Loan term will such coverage (a) be required to be greater than the umbrella coverage generally required under the Mortgage Loan documents and (b) coverage is commercially available but in such event the Mortgagor will not be required to spend on terrorism insurance coverage more than $200,000 at such time in respect of the umbrella coverage, and if the cost of terrorism insurance exceeds such amount, the Mortgagor will purchase the maximum amount of terrorism insurance available with funds equal to such amount.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of June 30, 2020 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • June 30th, 2020 • JPMDB Commercial Mortgage Securities Trust 2020-Cor7 • Asset-backed securities • New York
the environmental consultant delivered to indemnitee by Indemnitor in connection with the origination of the Mortgage Loan): (A) non-compliance with or violation of applicable environmental laws (or permits issued pursuant to environmental laws) in connection with the Mortgaged Property or operations thereon, which has not been cured in accordance with applicable environmental laws, (B) the environmental liens encumbering the Mortgaged Property, (C) administrative processes or proceedings or judicial proceedings concerning any environmental matter addressed in the environmental indemnity, or (D) unlawful presence or release of hazardous substances in, on, above or under the Mortgaged Property that has not been fully remediated as required by applicable environmental laws.
