J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and COLUMN FINANCIAL, INC., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 22, 2014 Fixed Rate Mortgage Loans Series 2014-C24Mortgage Loan Purchase Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
carveout. The full recourse carveout for involuntary bankruptcy filings excludes filings at the request of the lender or any servicer. The obligations and liabilities of the related Mortgagor with respect to environmental issues will terminate and be of no further force and effect upon the payment or defeasance in full of the related Mortgage Loan if the indemnitee receives a satisfactory environmental report dated no earlier than the date the related Mortgage Loan is paid or defeased in full. The updated environmental report will be deemed to be satisfactory if such update environmental report indicates no change in any material respect from the environmental assessment obtained at origination of the Mortgage Loan. 30 Grapevine Mills (Loan No. 1) (Financial Reporting and Rent Rolls) – Annual financial statements are not required to be audited. 31 Grapevine Mills (Loan No. 1) (Acts of Terrorism Exclusion) – If TRIA is not in effect and the insurance policies contain an exclusion for ac
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C24 Commercial Mortgage Pass-Through Certificates, Series 2014-C24 Class A-1, Class A-2, Class A-3, Class A-4A1, Class A5, Class A-SB, Class X-A, Class X-B-1, Class X-B-2, Class A-S, Class...Underwriting Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
Association, as master servicer (the “Master Servicer”), LNR Partners, LLC, as special servicer (the “Special Servicer”), Wells Fargo Bank, National Association, as certificate administrator (the “Certificate Administrator”), Wilmington Trust, National Association, as trustee (the “Trustee”), and Pentalpha Surveillance LLC, as senior trust advisor (the “Senior Trust Advisor”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement as in effect on the Closing Date (as defined below).
WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor,Pooling and Servicing Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
This Pooling and Servicing Agreement (this “Agreement”), is dated and effective as of September 1, 2014, among WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as General Master Servicer, CWCAPITAL ASSET MANAGEMENT LLC, as General Special Servicer, NCB, FSB, as NCB Master Servicer, NCB, FSB, as NCB Special Servicer, PENTALPHA SURVEILLANCE LLC, as Trust Advisor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, as Tax Administrator and as Custodian, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and RAIT FUNDING, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 22, 2014 Fixed Rate Mortgage Loans Series 2014-C24Mortgage Loan Purchase Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
check cashing use with respect to the business of one of the tenants, which is only permitted through a conditional use within the City of Racine. 31 Tractor Supply/Fresenius Medical (Loan No. 32) If TRIA is discontinued or not renewed, the Mortgagor is not required to pay more than two (2) times the then-current premium for a separate “Special Form” or “All Risks” policy or equivalent policy (including, without limitation, property insurance and business interruption/rent loss insurance) on a standalone basis on terrorism coverage. 38 Dollar General Portfolio (Loan No. 42) The property manager may be removed by the lender based on several determinations, including (i) solely because of the passage of the related Anticipated Repayment Date and (ii) on the basis of a debt service coverage ratio test which takes into account the increase in the related interest rate after the Anticipated Repayment Date. 38 Tractor Supply/Fresenius Medical (Loan No. 32) The Mortgage Loan is interest only
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 22, 2014 Fixed Rate Mortgage Loans Series 2014-C24Mortgage Loan Purchase Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
I, [______], a duly appointed, qualified and acting [______] of General Electric Capital Corporation (the “Company”), hereby certify as follows:
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and BARCLAYS BANK PLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 22, 2014 Fixed Rate Mortgage Loans Series 2014-C24Mortgage Loan Purchase Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
Mr. Feil, using his voting control, engaged in a scheme to restrict cash distributions and coerce the family members to sell their interests in the family businesses to Mr. Feil on below-market terms. Additional claims include Mr. Feil’s misappropriation of insurance proceeds following Hurricane Katrina. Certain information concerning the related proceedings is under seal because of existing confidentiality agreements. The loan documents include requirements for hard/ upfront cash management and environmental insurance, among other things. 18 Columbus Square Portfolio (Loan No. 3) (Insurance) – Business interruption insurance is required for a period continuing until the restoration of the Mortgaged Property is completed or the expiration of 18 months, whichever occurs first. 18 North Riverside Park Mall (Loan No. 7) (Insurance) – The related Mortgage Loan documents permit insurance to be provided by a group of insurance companies, if (1) at least seventy-five percent (75%) of the cove
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 22, 2014 Fixed Rate Mortgage Loans Series 2014-C24Mortgage Loan Purchase Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
percent (5%) of the then outstanding principal amount. The deductible for the all-risk special form property insurance may not exceed $500,000 (the deductible may also be higher than $500,000 if Mortgagor delivers a letter of credit for the difference between the actual deductible and the maximum deductible permitted by the Mortgage Loan documents). The deductibles for flood, earthquake, and windstorm coverage may not exceed 5% of the insurable value. The amount of these deductibles may be considered higher than customary. The Mortgage Loan documents permit insurance through a syndicate of insurers, provided that at least seventy-five percent (75%) of the coverage (if there are four (4) or fewer members of the syndicate) or at least sixty percent (60%) of the coverage (if there are five (5) or more members of the syndicate) is with carriers having a claims paying ability rating of “A” or better by S&P and either Moody's or Fitch, and the balance of the coverage is, in each case, provid
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., as Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer CWCAPITAL ASSET MANAGEMENT LLC, as Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator...Pooling and Servicing Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of September 1, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., as Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer LNR PARTNERS, LLC, as Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator WILMINGTON...Pooling and Servicing Agreement • October 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C24 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of October 1, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, LNR Partners, LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
