Related Collateral definition
Examples of Related Collateral in a sentence
As of the applicable Cut-Off Date for the Loan Asset in connection with any Related Collateral, no Responsible Officer of the Borrower possesses actual knowledge of the non-compliance of the related Obligor’s operations in any material respect with any applicable Environmental Laws.
The Servicer will comply with the Servicing Standard and Applicable Law in realizing upon such Related Collateral, and employ practices and procedures consistent with the Servicing Standard to enforce all obligations of Obligors foreclosing upon, repossessing and causing the sale of such Related Collateral at public or private sale in circumstances other than those described in the preceding sentence.
The Borrower will not, except as otherwise permitted in Section 6.04(a) of this Agreement and in accordance with the Servicing Standard, extend, amend or otherwise modify the terms of any Loan Asset (including the Related Collateral).
The Servicer will not, except as otherwise permitted in Section 6.04(a), extend, amend or otherwise modify the terms of any Eligible Loan Asset (including the Related Collateral).
The Servicer has not received any written or verbal notice of, or inquiry from any Governmental Authority regarding, any violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Related Collateral of any Loan Asset, nor does the Servicer have knowledge or reason to believe that any such notice will be received or is being threatened.