Cross-Collateralized Loan definition
Examples of Cross-Collateralized Loan in a sentence
After giving effect to the release of the proposed Released Property, no more than eight (8), in the aggregate, of (x) all Properties previously released by Lender pursuant to this Section 8.4, and/or (y) any Cross-Collateralized Portfolio property release from the Lien created by the Cross-Collateralized Loan Documents have been released pursuant to this Section 8.4 or Section 8.4 of the Cross-Collateralized Loan Agreement, as applicable.
The existence of any “Event of Default” under any of the Cross-Collateralized Loan Documents (as such term is defined therein).
Each of the conditions precedent to the closing of the Cross-Collateralized Loan shall have been satisfied in full as determined by Lender.
Cross-Collateralized Borrowers simultaneously transfer all, but not a portion, of the Cross-Collateralized Portfolio pursuant to and in accordance with Section 8.5 of the Cross-Collateralized Loan Agreement.
If Seller repurchases any Asset included in a Cross-Collateralized Loan Group, Seller shall repurchase, and Purchaser shall transfer to Seller, all other Assets included in such Cross-Collateralized Loan Group and all other Loans, if any, that are cross-collateralized by any Loan within the Cross-Collateralized Loan Group.
After giving effect to the release of the proposed Released Property, no more than eight (8), in the aggregate, of (x) the Properties and (y) the properties comprising the Cross-Collateralized Portfolio shall have been released pursuant to this Section 8.6 or Section 8.6 of the Cross-Collateralized Loan Agreement, as applicable.
Except as otherwise provided in Section 2.02(e) of the Pooling and Servicing Agreement, MGT shall repurchase any Cross-Collateralized Loan that is cross-collateralized with any Mortgage Loan repurchased pursuant to this Section 7.
In the event that (x) any cure or repurchase obligation under this Section arises by reason of the failure of a Mortgage Loan to constitute a Qualified Mortgage and the Seller elects to substitute a Qualifying Substitute Mortgage Loan in lieu of such cure or repurchase, and (y) the Directing Certificateholder fails to consent to such substitution, then such Mortgage Loan (and any related Cross-Collateralized Loan) must be repurchased by the Seller.
Except as provided otherwise in Section 2.04(d) of the Pooling and Servicing Agreement, MGT shall repurchase any Cross-Collateralized Loan that is cross-collateralized with any Mortgage Loan repurchased pursuant to this Section 6(c).
Any “Event of Default” under any of the Loan Agreement, the Notes, the Mortgages, the other Loan Documents, Affiliate Guaranty, the Second Mortgages, or the Cross-Collateralized Loan Documents shall constitute an Event of Default hereunder.