Examples of Trust Loan in a sentence
The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage Loan”.
For the avoidance of doubt, in the event that the amount of interest on the Trust Loan is reduced as a result of any modification to the Trust Loan, any Monthly Interest 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.
On the Closing Date, pursuant to the CREFI Trust Loan Purchase Agreement, CREFI shall receive, as partial consideration for its sale to the Depositor of 40% of the Trust Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $10,334,739, representing approximately 40% (by principal balance) of the entire Combined VRR Interest as of the Closing Date (the “CREFI VRR Interest Portion”).
The Companion Loan(s) shall be sold together with 139 the Trust Loan, subject to this Section 3.16 and any additional requirements set forth in the Co-Lender Agreement.
Notwithstanding the foregoing, the Special Servicer may, in connection with a workout or other modification of the Trust Loan or any Companion Loan and without consent of the Servicer, waive any or all related Default Interest and late payment charges, regardless of who is entitled to receive such payments as compensation.