Common Contracts
3 similar Mortgage Loan Purchase Agreement contracts by GS Mortgage Securities Trust 2013-Gc10, GS Mortgage Securities Trust 2014-Gc26
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
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 insurers having such ratings (provided that the first layers of coverage are from insurers rated at least “A” by S&P and “A2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by AM Best), and all such insurers are required to have ratings of not less than “BBB+” by S&P and “Baa1” by Moody’s (or, if Moody’s does not rate such insurer, at least “A: VIII” by AM Best). Notwithstanding the foregoing, the borrower may utilize Affiliated FM Insurance Company for so long as such insurer maintains a rating of not less than “Api” by S&P. (16) Insurance Capital Center (Loan No. 14) All policies may be issued by a syndicate of insurers through which 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)
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2013 Series 2013-GC10Mortgage Loan Purchase Agreement • February 7th, 2013 • GS Mortgage Securities Trust 2013-Gc10 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (24) Local Law Compliance Empire Hotel & Retail (No. 1) As of the date of origination of the Mortgage Loan, a temporary certificate of occupancy had lapsed and certain permits were not in full force and effect with respect to the restaurant, bar and pool uses on the penthouse and rooftop of the related Mortgaged Property. The Mortgage Loan documents require the related Mortgagor to obtain a valid certificate of occupancy and all required permits for such area on or before January 6, 2014. In the event the related Mortgagor is unable to obtain such certificate or permits, the Mortgagor is required to terminate operation of the penthouse and rooftop uses. The Mortgaged Property is additionally lacking place of assembly permits required for certain portions of the Mortgaged Property. The Mortgage Loan documents require the related Mortgagor to obtain such permits (i) in the case of place of assembly permits related to the rooftop and p
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2013 Series 2013-GC10Mortgage Loan Purchase Agreement • February 6th, 2013 • GS Mortgage Securities Trust 2013-Gc10 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (24) Local Law Compliance Empire Hotel & Retail (No. 1) As of the date of origination of the Mortgage Loan, a temporary certificate of occupancy had lapsed and certain permits were not in full force and effect with respect to the restaurant, bar and pool uses on the penthouse and rooftop of the related Mortgaged Property. The Mortgage Loan documents require the related Mortgagor to obtain a valid certificate of occupancy and all required permits for such area on or before January 6, 2014. In the event the related Mortgagor is unable to obtain such certificate or permits, the Mortgagor is required to terminate operation of the penthouse and rooftop uses. The Mortgaged Property is additionally lacking place of assembly permits required for certain portions of the Mortgaged Property. The Mortgage Loan documents require the related Mortgagor to obtain such permits (i) in the case of place of assembly permits related to the rooftop and p
