Examples of REIT Loan in a sentence
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.
To the best of my knowledge, based on such review, 3650 REIT Loan Servicing LLC has fulfilled all of its obligations under the applicable Servicing Agreement in all material respects throughout the Reporting Period.
In consideration of our agreement to amend and restate the Sponsored REIT Loan, we obtained from the stockholders of Monument Circle the right to vote their shares in favor of any sale of the property owned by Monument Circle any time on or after January 1, 2023.
On October 29, 2021, we agreed to amend and restate our existing loan to Monument Circle that is secured by a mortgage on real estate owned by Monument Circle, which we refer to as the Sponsored REIT Loan.
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”).
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.
The amended and restated Sponsored REIT Loan extended the maturity date from December 6, 2022 to June 30, 2023 (subject to further extension to September 30, 2023), increased the aggregate principal amount of the loan from $21 million to $24 million, and included certain other modifications.
No Person has any servicing rights related to the REIT Loan, except as contemplated by this Agreement.
As to any REIT Loan for which the Primary Loan Collateral or material security for the REIT Loan is a UCC security interest in personal property, the UCC financing statements perfecting such security interest have been properly filed, assigned by UCC-3 assignment statements to CCPC and timely continued by the filing of continuation statements as necessary to avoid lapse or expiration of perfection and/or loss of priority.
The REIT Loan will be secured by a first priority lien on all unencumbered assets of the Obligors (including the REIT) and a second lien on all assets of the Obligors (including the REIT), including the residual or retained interests held by the REIT or its affiliates in any REIT or Aames securitization transactions.