Controlling Pari Passu Companion Loan. A Pari Passu Companion Loan that is evidenced by the “control note” (or analogous concept) under the related Co-Lender Agreement, or the holder of which is the “directing holder” (or analogous concept) under the related Co-Lender Agreement.
Controlling Pari Passu Companion Loan. With respect to any Servicing Shift Loan Combination or the 00 Xxxxxx Xxxxxx Loan Combination, the related Pari Passu Companion Loan evidenced by the controlling pari passu promissory note under the related Co-Lender Agreement. As a matter of clarification: with respect to the Chelsea Multifamily Portfolio Mortgage Loan and the Chelsea Multifamily Portfolio Loan Combination, the Chelsea Multifamily Portfolio Controlling Pari Passu Companion Loan shall constitute a Controlling Pari Passu Companion Loan; with respect to the Westin Crystal City Mortgage Loan and the Westin Crystal City Loan Combination, the Westin Crystal City Companion Loan shall constitute a Controlling Pari Passu Companion Loan; and with respect to the 00 Xxxxxx Xxxxxx Mortgage Loan and the 00 Xxxxxx Xxxxxx Loan Combination, the 00 Xxxxxx Xxxxxx Controlling Pari Passu Companion Loan shall constitute a Controlling Pari Passu Companion Loan.
Examples of Controlling Pari Passu Companion Loan in a sentence
On and after the Stamford Plaza Portfolio Controlling Pari Passu Companion Loan Securitization Date, the paying agent (if any) under the Non-Trust Pooling and Servicing Agreement relating to the Stamford Plaza Portfolio Mortgage Loan shall be a Non-Trust Paying Agent.
In addition to the foregoing, with respect to each Servicing Shift Loan Combination, after the related Servicing Shift Controlling Pari Passu Companion Loan Securitization Date the related Mortgage Loan shall be an Outside Serviced Mortgage Loan, and the rights, duties and obligations of the Issuing Entity and the parties to this Agreement shall be as set forth herein with respect to Outside Serviced Mortgage Loans.