Examples of Serviced Securitized Companion Loan in a sentence
The Swap Counterparty and each Mortgage Loan Seller and the Companion Holders (and their agents and permitted successors and assigns, including any trustee or servicer with respect to any Serviced Securitized Companion Loan or any other Companion Loan) are intended third-party beneficiaries in respect of the respective rights afforded them hereunder.
In addition, on or prior to each Determination Date (or with respect to any Serviced Securitized Companion Loan, on the Business Day prior to each related Serviced Whole Loan Remittance Date), the Special Servicer shall provide the applicable Master Servicer with a written accounting of amounts remitted to the such Master Servicer for deposit in its related Certificate Account, as applicable, on such date.
In addition, on or prior to each Determination Date (or with respect to any Serviced Securitized Companion Loan, on the Business Day prior to each related Serviced Whole Loan Remittance Date), the Special Servicer shall provide the Master Servicer with a written accounting of amounts remitted to the Master Servicer for deposit in its Certificate Account, as applicable, on such date.
The Trustee, the Master Servicer and the Special Servicer shall not be required to cause the delivery of such reports until April 15 in any given year so long as it has received written confirmation from the Depositor that a Report on Form 10-K is not required to be filed in respect of the Trust Fund for the preceding calendar year (or, in the case of a securitized Serviced Securitized Companion Loan, the related securitization trust).
Upon receipt of such notice, the related "controlling class representative" (as defined in the related Other Pooling and Servicing Agreement) or analogous party shall have the right, at its option, to purchase its respective Serviced Securitized Companion Loan from the trust established pursuant to the related Other Pooling and Servicing Agreement for a price determined by the Special Servicer in accordance with Section 3.18 hereof, with respect to such Securitized Companion Loan.
Each Mortgage Loan Seller and the Companion Holders (and their agents and permitted successors and assigns, including any trustee or servicer with respect to any Serviced Securitized Companion Loan or any other Companion Loan) are intended third-party beneficiaries in respect of the respective rights afforded them hereunder.
With respect to any Serviced Securitized Companion Loan, the Master Servicer will be required to make its determination that it has made a P&I Advance on the related Mortgage Loan that is a Nonrecoverable Advance or that any proposed P&I Advance would, if made, constitute a Nonrecoverable Advance with respect to the related Mortgage Loan independently of any determination made by any other servicer under any Other Pooling and Servicing Agreement in respect of any related Companion Loan.
Upon receipt of such notice, the related "controlling class representative" (as defined in the related Other Pooling and Servicing Agreement) or analogous party shall have the right, at its option, to purchase its respective Serviced Securitized Companion Loan from the trust established pursuant to the related Other Pooling and Servicing Agreement for a price determined by the Special Servicer in accordance with Section 3.18, with respect to such Serviced Securitized Companion Loan.
The Companion Holders (and their agents and permitted successors and assigns, including any trustee or servicer with respect to any Serviced Securitized Companion Loan or any other Companion Loan) are intended third party beneficiaries in respect of the respective rights afforded them hereunder.