Examples of Combined Mortgage Loans in a sentence
We were also impressed by the Commercial Facade Guidelines document.
On any Distribution Date on which the aggregate Stated Principal Balance of the Combined Mortgage Loans in the mortgage pool is less than 10% of the Cut-off Date Pool Principal Balance of the Combined Mortgage Loans, the Master Servicer will have the option to repurchase, in whole, from the Trust Fund all remaining Combined Mortgage Loans in the mortgage pool and all property acquired in respect of the Combined Mortgage Loans in the mortgage pool at a purchase price determined as provided in the Agreement.
If this notice is given, the Master Servicer shall cause all funds in the Certificate Account with respect to the Combined Mortgage Loans or Group 5 Mortgage Loans, as applicable, to be remitted to the Trustee for deposit in the Distribution Account on the Business Day before the applicable Distribution Date in an amount equal to the final distribution in respect of the Combined Certificates or Group 5 Certificates, as applicable.
Notice of any termination of the Trust Fund with respect to the Combined Mortgage Loans or Group 5 Mortgage Loans, as applicable, specifying the Distribution Date on which Certificateholders may surrender their Certificates for payment of the final distribution and cancellation shall be given promptly by the Trustee by letter to Certificateholders mailed not earlier than the 15th day and not later than the last day of the month next preceding the month of such final distribution.
The right to purchase all Combined Mortgage Loans and related REO Properties pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of those Combined Mortgage Loans, at the time of any such repurchase, aggregating less than ten percent (10%) of the aggregate Stated Principal Balance of the Combined Mortgage Loans as of the Cut-off Date.
On any Distribution Date occurring on or after the Initial Optional Termination Date related to the Combined Mortgage Loans, the Master Servicer has the option to cause the Trust Fund to adopt a plan of complete liquidation of the Combined Mortgage Loans pursuant to Sections 7.02 and 7.03 hereof to sell all of the property related thereto.