INTERCREDITOR AGREEMENT Dated as of November 24, 2015 by and between MORGAN STANLEY bank, N.A. (Note A Holder) and MORGAN STANLEY bank, N.A. (Note B Holder) Hammond SquareIntercreditor Agreement • February 24th, 2016 • Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27 • Asset-backed securities • New York
This INTERCREDITOR AGREEMENT (this “Agreement”), dated as of November 24, 2015, by and between MORGAN STANLEY BANK, N.A. (“Morgan Stanley Bank”), as holder of Note A (in such capacity, together with its successors and assigns, the “Note A Holder”), and Morgan Stanley Bank, as holder of Note B (in such capacity, together with its successors and assigns, the “Note B Holder”).
