REIT Loan definition
Examples of REIT Loan in a sentence
If requested by Borrower or the Agent, Borrower, REIT, Loan Parties and each approving Lender (including any Lender deemed to have approved pursuant to this § 27) shall execute and deliver a written amendment to, restatement of, or waiver, consent or approval under, this Agreement memorializing such modification, restatement, waiver, consent or approval.
Xxxxx Fax number: (000) 000-0000 and with respect to e-mail pursuant to Section 12.06 and Section 12.13 of the Benchmark 2023-V2 Pooling and Servicing Agreement, to: XxxxxxXxxxx@xxxxxxxxx.xxx 3650 REIT Loan Servicing LLC 0000 XxXxxxxxx Xxxx, Suite 300 Miami, Florida 33133 Attention: General Counsel E-mail: xxxxxxxxxx@0000XXXX.xxx Note A-2-1-A Holder, Note A-2-1-B Holder, Note A-4-1 Holder and Note A-4-2 Holder: Citi Real Estate Funding Inc.
The provisions in §§ 5.1 through 5.4, § 6, §§ 7.2 through 7.22, § 8, § 9 and § 12.1 of this Agreement, including, in each case, any associated definitions in § 1.1, contain essentially the same provisions with respect to REIT, Loan Parties and their Subsidiaries as those contained in §§ 5.1 through 5.4, § 6, §§ 7.2 through 7.22, § 8, § 9 and § 12.1 of the Existing Credit Agreement and in the associated definitions in the Existing Credit Agreement (the “Revolver Provisions”).
We expect that we will continue to derive real estate revenue from owned properties and the Sponsored REIT Loan and fees from asset management, property management and investor services.
The Loan Collateral for a REIT Loan does not secure any obligation other than the REIT Loans transferred pursuant to this Agreement.
The Sponsored REIT Loan is secured by a mortgage on the underlying property and has a current term of less than one year.
We anticipate that the Sponsored REIT Loan will be repaid through cash flow from property operations or sale of the underlying property, although the actual amount and timing of any repayment is uncertain and will likely depend on prevailing market conditions at the time of any such sale.
As to any REIT Loan for which the Primary Loan Collateral or material security for the REIT Loan is a Mortgage, an ALTA (or equivalent) policy of mortgagee title insurance has been issued to insure the REIT Loan or a qualified independent third party has reviewed title to the Mortgaged Property and has issued a report as to the lien priority of the Mortgage.
The Note with respect to each REIT Loan is not subject to any right of rescission, set-off, counterclaim or defense.
The REIT Loan is secured by a valid and enforceable lien on or security interest (with the priority disclosed on the REIT Loan Schedule) in the Loan Collateral for such REIT Loan having the priority indicated on the REIT Loan Schedule.