Examples of Mortgage Loan Group Intercreditor Agreement in a sentence
In no event, however, shall such conveyance and assignment constitute or be construed as an assumption by the Purchaser of, in the case of any Mortgage Loan that is part of a Mortgage Loan Group, any obligation or liability that is imposed only on the initial holder of such Mortgage Loan under the terms of the related Mortgage Loan Group Intercreditor Agreement.
When reviewing the Anthem Grievance Reports for 2020, a total of 8 grievances related to Language issues were filed in 2020, along with 16 grievances related to Ethnicity issues, and 31 grievances related to Race issues.
The applicable Special Servicer will require, in connection with such a sale of the related Pooled Mortgage Loan, that the purchaser assume in writing all of the rights and obligations of the holder of such Pooled Mortgage Loan under the related Mortgage Loan Group Intercreditor Agreement.
Furthermore, the applicable Master Servicer for any Serviced Mortgage Loan Group shall deposit into its Collection Account, within one Business Day following receipt thereof, all payments to the Trust made by the Serviced Non-Pooled Mortgage Loan Noteholders in respect of Nonrecoverable Advances or expenses pursuant to the terms of the related Mortgage Loan Group Intercreditor Agreement.
For the avoidance of doubt, the applicable Master Servicer will not be required to make (and the applicable Master Servicer will not be in default hereunder for not making) any payment described in the preceding sentence in connection with a voluntary Principal Prepayment that is not timely remitted to the Master Servicer by the related Non-Trust Master Servicer in accordance with the related Non-Trust Servicing Agreement and Mortgage Loan Group Intercreditor Agreement.