Examples of Future Funding Participation in a sentence
Future Funding Participation Cut-off Date Balance ($), as shown on the Final Data File, we recalculated the “Committed Balloon Payment ($)” of each Interest-Only Mortgage Loan.
Lument Structured Finance shall inform the Servicer and the Collateral Manager of any future funding with respect to a Future Funding Participation.
Future Funding Participation Cut-off Date Balance ($), as shown on the Final Data File, we recalculated the “Committed Commercial Real Estate Loan Balloon Payment ($)” of each Interest-Only Mortgage Loan.
In the event that a Companion Participation Holder transfers any Funded Companion Participation or Future Funding Participation without notice to the Servicer, the Servicer shall have no liability whatsoever for any misdirected payment on such Funded Companion Participation or Future Funding Participation and shall have no obligation to recover and redirect such payment.
Future Funding Participation Cut-off Date Balance ($), as shown on the Final Data File, b.The “Mortgage Loan Interest Rate,” as shown on the Final Data File, and c.365/360.
Any such transfer shall constitute a termination of this Agreement with respect to such Mortgage Loan and any Funded Companion Participation and Future Funding Participation, subject to the Issuer’s notice requirements under Section 8.01(a).
Notwithstanding the foregoing, any Servicing Advance, Servicing Expense or indemnification amount that the Servicer or the Special Servicer determines in its reasonable judgment to only relate to the Owned Participation and not to any Funded Companion Participation or Future Funding Participation, shall not be allocated to such Funded Companion Participation or Future Funding Participation.
With respect to each Funded Companion Participation, Future Funding Participation, amounts payable to the related Companion Participation Holder pursuant to Section 3.03(d)(vii)(B) shall be remitted to such Companion Participation Holder by wire transfer in immediately available funds to the account appearing in the Companion Participation Holder Register on the date of such remittance.
For the avoidance of doubt:a.All references and recalculations related to the Mortgage Loans that are described in this report are based on the Mortgage Loans and do not include the Future Funding Participation andb.All references and recalculations related to the Whole Loans that are described in this report are based on the Mortgage Loans and Future Funding Participation, assuming the full value of the Future Funding Participation is funded.
Future Funding Participation Cut-off Date Balance ($),as shown on the Final Data File.For any Multiple Property Loan, Benefit Street, on behalf of the Issuer, instructed us to allocate the “Collateral Interest Balloon Balance ($)” to each related Underlying Property in accordance with the Multiple Property Loan Calculation Methodologies.We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.