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.
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.
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.
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.
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 Loan Combination Trust Mortgage Loan, is subject to the provisions of the corresponding Loan Combination Co-Lender Agreement and any related Outside Servicing 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.
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.
With respect to each Combination Trust Mortgage Loan and Mezzanine-Related Trust Mortgage Loan, the Trustee, on behalf of the Trust, assumes the obligations of the holder of such Trust Mortgage Loan and the related Mortgage Note under, and agrees to be bound by, the related Co-Lender Agreement and/or Mezzanine Intercreditor Agreement.
The Trust Fund will include multiple Trust Mortgage Loans (each, a "Loan Combination Trust Mortgage Loan") that are, in each such case, together with one or more other mortgage loans that will not be part of the Trust Fund (each such other mortgage loan, a "Non-Trust Loan"), secured on a collective basis by the same Mortgage(s) encumbering the related Mortgaged Property or group of Mortgaged Properties.
If, pursuant to Section 2.03, Section 3.19 and Section 9.01, any Loan Combination Trust Mortgage Loan is purchased or repurchased from the Trust Fund, the purchaser thereof shall be bound by the terms of the related Co-Lender Agreement and shall assume the rights and obligations of the holder of the Mortgage Note that was formerly part of the Trust Fund under the related Co-Lender Agreement.