Common Contracts
3 similar Mortgage Loan Purchase Agreement contracts by J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5, JPMBB Commercial Mortgage Securities Trust 2015-C32
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMorgan Chase Bank, National Association, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 29, 2015 Fixed Rate Mortgage Loans Series 2015-C32Mortgage Loan Purchase Agreement • October 29th, 2015 • JPMBB Commercial Mortgage Securities Trust 2015-C32 • Asset-backed securities • New York
in each case, provided by insurers with a claims paying ability rating of “BBB” or better by S&P and the equivalent ratings from Moody’s and Fitch. The Mortgage Loan documents allow for Ironshore Insurance Ltd., Starr Insurance & Reinsurance Limited and Hamilton Re, Ltd as permitted insurers for the current umbrella liability insurance policy despite not being rated by S&P, and the Mortgage Loan documents require that Mortgagor replace those insurers with companies meeting the requirements of the Mortgage Loan documents upon renewal of the policies or upon having their ratings downgraded or withdrawn.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 29, 2011 Fixed Rate Mortgage Loans Series 2011-C5Mortgage Loan Purchase Agreement • July 27th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5 • Asset-backed securities • New York
Loan Number Loan Name Description of Exception (i) simultaneously with the commencing of a foreclosure action, lender must give manager the right to purchase the related Mortgage Loan at the price at which the related Mortgagor could prepay the related Mortgage Loan at that time, (ii) other than the right to buy the related Mortgage Loan set forth in subclause (i), the ROFO would not apply and be triggered in a foreclosure of the related Mortgage Loan, but would survive the foreclosure and apply to a subsequent sale of the related Mortgaged Property by a successful bidder at the foreclosure sale, and (iii) the ROFO would apply to a deed in lieu of foreclosure with an expedited time frame as set forth in the SNDA. 9 Sun Development and Management Portfolio (Loan No. 4) (Junior Liens) – There is a $17.7 Million mezzanine loan related to the related Mortgaged Properties. 9 Franklin Centre (Loan No. 31) (Junior Liens) – Each of the members of the related Mortgagors has pledged its right to
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 29, 2011 Fixed Rate Mortgage Loans Series 2011-C5Mortgage Loan Purchase Agreement • September 26th, 2011 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5 • Asset-backed securities • New York
Loan Number Loan Name Description of Exception (i) simultaneously with the commencing of a foreclosure action, lender must give manager the right to purchase the related Mortgage Loan at the price at which the related Mortgagor could prepay the related Mortgage Loan at that time, (ii) other than the right to buy the related Mortgage Loan set forth in subclause (i), the ROFO would not apply and be triggered in a foreclosure of the related Mortgage Loan, but would survive the foreclosure and apply to a subsequent sale of the related Mortgaged Property by a successful bidder at the foreclosure sale, and (iii) the ROFO would apply to a deed in lieu of foreclosure with an expedited time frame as set forth in the SNDA. 9 Sun Development and Management Portfolio (Loan No. 4) (Junior Liens) – There is a $17.7 Million mezzanine loan related to the related Mortgaged Properties. 9 Franklin Centre (Loan No. 31) (Junior Liens) – Each of the members of the related Mortgagors has pledged its right to
