Examples of Loan Obligors in a sentence
The foregoing does not constitute and is not intended to result in the creation or an assumption by the Issuer, the Owner Trustee (as such or in its individual capacity), the Indenture Trustee or any Noteholder of any obligation of the Seller, the Depositor, the Servicer or any other Person in connection with the Loans or under any agreement or instrument relating thereto, including any obligations to Loan Obligors.
Nothing in this Section shall derogate from the obligation of the Depositor, the Issuer, the North Carolina Trust, the Subservicer and the Servicer to observe any applicable law or regulation prohibiting disclosure of information regarding the Loan Obligors and the failure of the Servicer or Subservicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section.
Borrower shall maintain accurate and materially complete records regarding all SBA 7(a) Note Receivables, including without limitation all SBA 7(a) Note Receivables which have been guaranteed by the principals of the respective SBA 7(a) Loan Obligors; provided that in no event shall such records fail to comply with the requirements of the SBA Rules and Regulations.
Printout establishing the average principal prepayment rate by Mortgage Loan Obligors during the three calendar months preceding the month corresponding to each Payment Date.
Non-Retail Loan Receivables are receivables resulting from commercial real estate loans (CRE Loans) granted to CRE Borrowers of the Issuer and are secured by, among other things, mortgages or similar security instruments over the assets of the CRE Borrowers and CRE Loan Obligors including mortgages over the CRE Properties.
There will be an early amortisation of the Mortgage Certificates pooled in the Fund when the Mortgage Loan Obligors prepay the portion of principal pending repayment, on the terms set in each of the Mortgage Loan documents.
Although each CRE Borrower or other CRE Loan Obligor, as applicable, represented at origination of the related Loan that it had no existing material liabilities (other than indebtedness permitted under the related CRE Loan Agreement) and DBAG reviewed the related CRE Borrower's or CRE Loan Obligor's financial statements, each CRE Borrower may have been operating its respective property for some time prior to the origination of the related CRE Loan and, therefore, has prior operating history.
The Bondholders and the remaining creditors of the Fund shall have no recourse whatsoever against Mortgage Loan Obligors who may have defaulted on their payment obligations thereunder.
The existence of such prior operating history may create a higher risk for CRE Borrowers or CRE Loan Obligors, as applicable, that there may exist certain claims in connection with such prior operations that have not yet been made against such CRE Borrower or CRE Loan Obligor, as applicable.
The CRE Loans will be secured by, among other things, mortgages or similar security instruments over the assets of the CRE Borrowers and CRE Loan Obligors including mortgages over the CRE Properties.