Examples of Underlying Whole Loan in a sentence
Subordinated Lender waives any right it may have to require that Class A Lender marshal any assets of any Borrower Party or any of its direct or indirect subsidiaries (including any Underlying Whole Loan and Underlying Loan) in favor of Subordinated Lender and Subordinated Lender agrees that it shall not acquire, by subrogation or otherwise, any lien, estate, right or other interest in any of the Underlying Whole Loan or Underlying Loan or the proceeds therefrom that is or may be prior to the Class A Loan.
With respect to any Senior Participation acquired by the Issuer, any related participation interest (whether a Senior Pari Passu Participation, Senior AB Pari Passu Participation or a Junior Participation) in the related Underlying Whole Loan, which related participation interest is not acquired by the Issuer.
A Collateral Interest that is a participation interest (or an A note) in an Underlying Whole Loan pursuant to a participation agreement (or intercreditor agreement) in which the interest acquired by the Issuer is pari passu with one or more other senior pari passu participation interests that are each Non-Acquired Participations and which each are the senior-most interest in such Underlying Whole Loan.
Any Acquired Participation as to which the holder of the related Non-Acquired Participation has the right to have effective control over the remedies relating to the enforcement of the Underlying Whole Loan, including ultimate control of the foreclosure process, by having a right to (x) appoint and remove the special servicer or (y) direct or approve the special servicer’s exercise of remedies.
With respect to (i) any Senior Participation acquired by the Issuer, any related participation interest (whether a Senior Pari Passu Participation or a Junior Participation) in the related Underlying Whole Loan, or (ii) the 5 Times Square Junior Participation, the related participation interests (whether senior, pari passu or subordinate in right and priority), in either case, which related participation interest is not acquired by the Issuer.
A Collateral Interest that is a participation interest (or an A note) in an Underlying Whole Loan pursuant to a participation agreement (or intercreditor agreement) in which the interest acquired by the Issuer is senior to one or more Junior Participations but is pari passu with one or more other senior pari passu participation interests that are each Non-Acquired Participations and which each are the senior-most interest in such Underlying Whole Loan.
A Collateral Interest that is a participation interest (or an A note) in an Underlying Whole Loan pursuant to a participation agreement (or intercreditor agreement) in which the interest acquired by the Issuer is senior to one or more Junior Participations.
One or more junior participation interests (or B notes) in an Underlying Whole Loan pursuant to a participation agreement (or intercreditor agreement), in which the related Senior Participation is a Collateral Interest that has been acquired by the Issuer.
Bradlees had acquired the Bradlees Business from The Stop & Shop Companies, Inc.
The Mortgagor on the Purchased Loan or the Underlying Whole Loan with an outstanding principal balance in excess of $10,000,000, was, as of the origination of such loan, a Single Purpose Entity.