Performing Serviced Mortgage Loan definition

Performing Serviced Mortgage Loan. A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

Performing Serviced Mortgage Loan. Any Serviced Mortgage Loan that is not a Specially Serviced Mortgage Loan.

Performing Serviced Mortgage Loan means any Corrected Mortgage Loan and any Serviced Mortgage Loan as to which a Servicing Transfer Event has never occurred.

Examples of Performing Serviced Mortgage Loan in a sentence

• The Special Servicer, in the case of each Specially Serviced Mortgage Loan and each REO Mortgage Loan that relates to an Administered REO Property, and the Master Servicer, in the case of each Performing Serviced Mortgage Loan, shall each, consistent with the Servicing Standard, use reasonable efforts to obtain quarterly, annual and other periodic operating statements and rent rolls with respect to each of the related Mortgaged Properties and REO Properties.

• The Master Servicer, with respect to a Mortgaged Property that secures a Performing Serviced Mortgage Loan, and the Special Servicer, with respect to a Mortgaged Property that secures a Specially Serviced Mortgage Loan or with respect to an Administered REO Property, shall prepare and maintain one CMSA Operating Statement Analysis Report for each such Mortgaged Property and Administered REO Property.

• The Master Servicer, with respect to a Performing Serviced Mortgage Loan, and the Special Servicer, with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property, shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the Meriden Mall Mortgaged Property and the Grace Building Mortgaged Property) and Administered REO Property.

• In consideration for the grant of the sublicenses set forth in Section 2.1, IllumeSys agrees to pay MAS an amount equal to two percent (2%) of Net Sales received by IllumeSys or an IllumeSys Affiliate from the Date of First Commercial Sale until the fourth anniversary of the Date of First Commercial Sale.

• The Master Servicer with respect to a Performing Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the GIC Office Mortgaged Properties) and Administered REO Property.

• The Master Servicer with respect to a Performing Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the Two Penn Plaza Mortgaged Property) and Administered REO Property.

• The Master Servicer, with respect to a Performing Serviced Mortgage Loan, and the Special Servicer, with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property, shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the One Lincoln Street Mortgaged Property and the World Apparel Center Mortgaged Property) and Administered REO Property.

• The Master Servicer with respect to a Performing Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the 000 Xxxxx Xxxxxx Mortgaged Property) and Administered REO Property.

• The Master Servicer with respect to a Performing Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan or an REO Mortgage Loan that relates to an Administered REO Property shall prepare and maintain one CMSA Operating Statement Analysis Report for each Mortgaged Property (other than the Sangertown Square Mortgaged Properties) and Administered REO Property.

More Definitions of Performing Serviced Mortgage Loan

Performing Serviced Mortgage Loan means any Serviced Mortgage Loan that is a Performing Serviced Loan.

Performing Serviced Mortgage Loan. (or the equivalent) under the related Outside Servicing Agreement, any Outside Serviced Trust Mortgage Loan; and (ii) the sum of (1) the aggregate of all Master Servicing Fees received by the Master Servicer during such Collection Period with respect to the entire Mortgage Pool (but only to the extent of that portion thereof calculated at a rate of 0.01% per annum with respect to each and every Trust Mortgage Loan and REO Trust Mortgage Loan) and (2) the aggregate amount of Prepayment Interest Excesses received in respect of the entire Mortgage Pool during such Collection Period; provided, however, that if any Prepayment Interest Shortfall occurs with respect to any Serviced Trust Mortgage Loan as a result of the Master Servicer's allowing the Mortgagor to deviate from the terms of the related loan documents regarding principal prepayments, the Master Servicer shall be obligated to pay an amount equal to the entire Prepayment Interest Shortfall with respect to the subject Serviced Trust Mortgage Loan without any limitation of the kind set forth in clauses (1) and (2) above.

Performing Serviced Mortgage Loan. Any Serviced Mortgage Loan (and, in the case where the St. Xxxxx Town Center Mortgage Loan is a Performing Serviced Mortgage Loan, the related Trust Subordinate Companion Loan) that is not a Specially Serviced Mortgage Loan.

Performing Serviced Mortgage Loan means, as of any date of determination, any Serviced Mortgage Loan as to which no Servicing Transfer Event then exists.