Examples of Combination Trust Mortgage Loan in a sentence
To the extent that the Mortgage File for any Serviced Combination Trust Mortgage Loan relates to a Serviced Non-Trust Mortgage Loan, the Trustee shall also hold such Mortgage File in trust for the use and benefit of the related Serviced Non-Trust Mortgage Loan Noteholder.
It will, consistent with the related Co-Lender Agreement (if applicable), also notify, in writing, its counterpart under each such other commercial mortgage securitization (within one (1) Business Day of such determination) if it subsequently determines that P&I Advances made or to be made with respect to the related Combination Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto) are no longer Nonrecoverable P&I Advances.
If any Serviced Loan Combination is comprised of Specially Serviced Mortgage Loans and the Special Servicer has determined a FV Price with respect to the related Combination Trust Mortgage Loan in accordance with this Section 3.18, the Special Servicer shall provide to the related Non-Trust Mortgage Loan Noteholder(s) all material information in its possession that has formed the basis of such FV Price, including the most current Appraisal in its possession.
Thereafter, in the case of a Serviced Combination Trust Mortgage Loan, such Mortgage File shall be held by the lender responsible for maintaining custody thereof under the related Co-Lender Agreement, or a custodian appointed thereby, for the benefit of each of the "Lenders" as defined under, and as their interests appear under, the related Co-Lender Agreement; provided that the Mortgage Note for such Serviced Combination Trust Mortgage Loan may be held by the purchaser(s) of such Mortgage Loan.
In the case of a Serviced Pari Passu Loan Combination, any and all amounts otherwise distributable with respect to the related Serviced Combination Trust Mortgage Loan and the related Serviced Pari Passu Non-Trust Mortgage Loan (or any successor REO Mortgage Loans with respect to such Mortgage Loans) as Default Charges on any related Loan Combination Master Servicer Remittance Date, in accordance with the related Co-Lender Agreement, shall be allocated between them, on a pro rata and pari passu basis.
The Trustee, on behalf of the Trust, assumes the obligations of the holder of each Loan Combination Trust Mortgage under the related Loan Combination Co-Lender Agreement; provided that the applicable Master Servicer or the Special Servicer, as further set forth in Article III, shall perform the servicing obligations of the related holder of a Loan Combination Trust Mortgage Loan under the related Loan Combination Co-Lender Agreement.
To the extent that the Mortgage File for any Combination Trust Mortgage Loan relates to a Non-Trust Mortgage Loan, the Trustee shall also hold such Mortgage File in trust for the use and benefit of the related Non-Trust Mortgage Loan Noteholder.
All these Ordinances should parallel each other and say the same thing.
Such assignment includes all interest and principal received or receivable on or with respect to the Trust Mortgage Loans and due after the Cut-off Date and, in the case of each Combination Trust Mortgage Loan, is subject to the provisions of the related Co-Lender Agreement and, in the case of each Mezzanine-Related Trust Mortgage Loan, is subject to the provisions of the related Mezzanine Intercreditor Agreement.
Any transfer of Mortgage Loans, except in the case of the Serviced Loan Combination Trust Mortgage Loans, pursuant to this paragraph shall be on a servicing-released basis; and, if any Mortgage Loan purchased pursuant to this Section 9.01 is a Serviced Loan Combination Trust Mortgage Loan, the release, endorsement or assignment of the documents constituting the related Mortgage File and Servicing File shall be in the manner contemplated by Section 3.26 hereof.