Examples of MM Loans in a sentence
The Depositor will deliver the original Mortgage Notes (or lost note affidavits with copies of the related Mortgage Note, as described in the definition of Mortgage File) relating to the MM Loans to the Trustee, endorsed as otherwise provided herein, to effect the transfer to the Trustee of such Mortgage Notes and all related deeds of trust, mortgages and other loan documents.
The Trustee, the Paying Agent or the General Master Servicer shall promptly make from the applicable Certificate Account any payments certified by such Primary Servicer with respect to the MM Loans to the Trustee and the Paying Agent as required to be made to such Primary Servicer pursuant to this Section 8.25.
Any expenses incurred or indemnification payments made by such Primary Servicer with respect to the MM Loans shall be reimbursed by the party so paid, if a court of competent jurisdiction makes a final, non-appealable judgment that the conduct of such Primary Servicer was not culpable or that such Primary Servicer did not act with willful misfeasance, bad faith or negligence.
Nevertheless, the court should not assume the role of advocate, and should dismiss claims which are supported only by vague and conclusory allegations.
Notwithstanding the foregoing, the Special Servicer acknowledges that the General Master Servicer has delegated certain tasks, rights and obligations to the Primary Servicers for the MM Loans with respect to Post-Closing Requests pursuant to Section 8.4 of this Agreement.
Nothing in this Agreement, however, shall grant the Primary Servicers for the SunTrust Loans or the MM Loans greater authority, discretion or delegated rights over Post-Closing Requests than are set forth in the applicable Primary Servicing Agreement.
In addition, the Special Servicer acknowledges that the General Master Servicer has delegated certain tasks, rights and obligations to the Primary Servicers of the SunTrust Loans and the MM Loans with respect to enforcement of due-on-sale clauses, assumption agreements and due-on-encumbrance clauses pursuant to Section 8.4 of this Agreement.
The Special Servicer acknowledges that the General Master Servicer has delegated certain tasks, rights and obligations to the Primary Servicers of the SunTrust Loans and the MM Loans and with respect to Post-Closing Requests (as defined in the applicable Primary Servicing Agreements) pursuant to Section 8.4 of this Agreement.
In the case of the CMSA Property File, the CMSA Comparative Financial Status Reports, the quarterly CMSA Operating Statement Analysis Report and quarterly CMSA Financial File, with respect to the MM Loans, the Master Servicer will only be required to deliver such reports at the level of frequency at which the related Mortgagor is required to deliver the applicable financial information to the lender (which generally is annually).
It is important to mention that our capital structure remains solid with a conservative leveraging position and a low cost of debt.Table 9: Gross Debt and Cost of Debt (in R$ MM) Loans and financing: Softbank 824 3.6 Loans and financing: Others 575 0.8 Accounts payable to selling shareholders plus other financial obligations 664 1.3 Total 2.063 2.2 *Based on the annualized Interbank Certificates of Deposit ("CDI") rate for the period as a reference.