Trust Loan definition
Examples of Trust Loan in a sentence
The Trust Fund was created, and the Trust Loan is to be serviced, pursuant to the Trust and Servicing Agreement (as defined below).
This Certificate is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Loan, as more specifically set forth herein and in the Trust and Servicing Agreement.
Nothing contained in this Agreement shall be construed as an express or implied guarantee by the Servicer or the Special Servicer of the collectability of the Trust Loan and the Companion Loan.
For the avoidance of doubt, in the event that the amount of interest and/or principal on the Trust Loan is reduced as a result of any modification to the Trust Loan, any Monthly Payment Advance made with respect to such modified Trust Loan shall be in such amounts as may be required as a result of such reduction.
In the event that any Trust Loan Seller fails to satisfy any of the requirements for a partial repurchase in any material respects, such Trust Loan Seller shall repurchase its entire respective Loan Percentage Interest in the Trust Loan pursuant to the Trust Loan Purchase Agreement.