Servicing Shift Mortgage Loan definition

Servicing Shift Mortgage Loan. A Mortgage Loan that is part of a Servicing Shift Whole Loan.

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Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. For the avoidance of doubt, there is no Servicing Shift Mortgage Loan relating to the Trust and, therefore, all references in this Agreement to “Servicing Shift Mortgage Loan” shall be disregarded.

Servicing Shift Mortgage Loan. With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the related Non-Serviced PSA entered into in connection with the securitization, if any, of the related Servicing Shift Lead Note on the related Servicing Shift Securitization Date. For the avoidance of doubt, there is no Servicing Shift Mortgage Loan related to the Trust.

Examples of Servicing Shift Mortgage Loan in a sentence

Notwithstanding the foregoing, after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, the Operating Advisor will be entitled to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Asset Status Report, Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan while it is serviced hereunder.
In addition, the Operating Advisor (when it is an applicable Consulting Party) will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.
Contemporaneous with the securitization of the related Pari Passu Companion Loan evidenced by the related Servicing Shift Lead Note, any such letter of credit shall be assigned to the related Outside Servicer or related Outside Trustee, as applicable, as provided in the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement.

More Definitions of Servicing Shift Mortgage Loan

Servicing Shift Mortgage Loan. With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the pooling and servicing agreement entered into in connection with the securitization of the related Servicing Shift Lead Note on and after the date of such securitization. As of the Closing Date, the ▇▇▇▇▇▇▇▇▇ Mortgage Loan will be a Servicing Shift Mortgage Loan related to the Trust.

Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. The only Servicing Shift Mortgage Loans related to the Trust as of the Closing Date are the ▇▇▇ ▇▇▇▇▇▇▇▇ Mortgage Loan and the Home Depot - Elk Grove Village Mortgage Loan.

Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. The only Servicing Shift Mortgage Loans related to the Trust as of the Closing Date are the Atlanta and Anchorage Hotel Portfolio Mortgage Loan, the Urban Union - Amazon Mortgage Loan and the Broadway Portfolio Mortgage Loan.

Servicing Shift Mortgage Loan. With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the related Non-Serviced PSA entered into in connection with the securitization, if any, of the related Servicing Shift Lead Note on and after the applicable Servicing Shift Securitization Date. As of the Closing Date, the Aman Hotel New York Mortgage Loan will be a Servicing Shift Mortgage Loan related to the Trust.

Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. The only Servicing Shift Mortgage Loans related to the Trust as of the Closing Date are the Chelsea Multifamily Portfolio Mortgage Loan and the Westin Crystal City Mortgage Loan.