Borrower Sponsor definition
Examples of Borrower Sponsor in a sentence
Upon receipt of such notice, the Certificate Administrator shall forward such notice to the Special Servicer and the Servicer, indicating the identity of the Controlling Class Representative and any resignation or removal thereof or if such Person has become the Property Manager, the Guarantor, the Borrower Sponsor, an Affiliate of any of the foregoing, any Borrower, any other Borrower Party, or an agent of any of the foregoing.
Each Holder of the Certificates of the Controlling Class shall be entitled to vote in each election of the Controlling Class Representative; provided that, for the avoidance of doubt, the Controlling Class Representative cannot be the Guarantor, the Borrower Sponsor, the Property Manager, an Affiliate of any of the foregoing, any Borrower, any other Borrower Party, or an agent of any of the foregoing.
A Risk Retention Consultation Party may not be any of the Guarantor, the Borrower Sponsor, the Property Manager, an affiliate of the Guarantor, the Borrower Sponsor, the Property Manager or a Borrower or a Borrower Party or any agent of the foregoing.
Any Certificateholder or its designee at any time is hereby deemed to have agreed by virtue of its purchase of a Certificate to notify the Certificate Administrator in writing when such Certificateholder or its designee is appointed Controlling Class Representative and when it is removed or resigns or if it becomes the Property Manager, the Guarantor, the Borrower Sponsor, an Affiliate of any of the foregoing, any Borrower, any other Borrower Party, or an agent of any of the foregoing.