Common Contracts
2 similar Mortgage Loan Purchase Agreement contracts by CSAIL 2015-C4 Commercial Mortgage Trust, JPMBB Commercial Mortgage Securities Trust 2014-C23
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., PURCHASER and COLUMN FINANCIAL, INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2015 Series 2015-C4Mortgage Loan Purchase Agreement • November 25th, 2015 • CSAIL 2015-C4 Commercial Mortgage Trust • Asset-backed securities • New York
No. 1) insurers may be used, provided that at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with carriers having such ratings and the balance of the coverage is, in each case, with insurers having a rating of “BBB+” or better by S&P and by A.M. Best not lower than “A:IX”; In addition, the related Mortgage Loan Documents require that the required business interruption insurance policy covers 100% of projected gross revenues from the operation of the Mortgaged Property (as reduced to reflect expenses not incurred during a period of restoration) rather than the amount of actual losses sustained during restoration; The Mortgage Loan Documents allow for a commercial general liability insurance policy with a coverage limit of $1 million in the aggregate Earthquake insurance is required in amounts and in form and substance acceptable to the lender but not less than the greater o
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and MC-FIVE MILE COMMERCIAL MORTGAGE FINANCE LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
related mortgage loan documents contain a loss carveout for failure to obtain the permanent certificate of occupancy. 30 Reynolds/AHCF MHC Portfolio (Loan No. 50) (Financial Reporting and Rent Rolls) – The related mortgage loan documents require each Mortgagor to deliver financial statements, but do not require such financial statements to be combined for all Mortgagors. 33 Oak Manor Market (Loan No. 52) (Single-Purpose Entity) – The related mortgage loan documents limit the Single-Purpose Entity requirements with respect to the Mortgagor’s asset ownership and operations as the Mortgagor owned four outparcels adjacent to the Mortgaged Property that were sold to an affiliated entity in 2004. The related mortgage loan documents include representations that the Mortgagor is not subject to any actual or contingent liabilities by reason of its prior ownership and operation of the outparcels and the Mortgagor and guarantors indemnified the Seller from any environmental conditions at the ou
