Prudential Plaza Mortgage Loan definition
Prudential Plaza Mortgage Loan. With respect to the Prudential Plaza Loan Combination, the Mortgage Loan included in the Trust that is (i) secured by the Prudential Plaza Mortgage, (ii) evidenced by promissory notes A-3-2 and A-4-1 and (iii) pari passu in right of payment with the Prudential Plaza Companion Loans to the extent set forth in the related Loan Documents and as provided in the Prudential Plaza Co-Lender Agreement. The Prudential Plaza Trust REMIC Regular Interest, as to which the Prudential Plaza Promissory Note A-3-2 and the Prudential Plaza Promissory Note A-4-1 correspond, which is included in the Trust, will also be an asset of the Trust, and for tax reporting purposes, any references herein to the “Prudential Plaza Mortgage Loan” (and, insofar as they mean or include the Prudential Plaza Mortgage Loan, any references to “Mortgage Loan” and “Mortgage Loans”) will be deemed to be references to the Prudential Plaza Trust REMIC Regular Interest.
Examples of Prudential Plaza Mortgage Loan in a sentence
Any resulting Appraisal Reductions will be allocated, pro rata, to the One & Two Prudential Plaza Mortgage Loan and the One & Two Prudential Plaza Companion Note, based on their Stated Principal Balances.
With respect to the One & Two Prudential Plaza Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the One & Two Prudential Plaza Mortgage Loan and the One & Two Prudential Plaza Companion Note.