Underwriting Package. With respect an Asset, the internal document or credit committee memorandum of Seller (redacted to protect confidential information) setting forth all material information relating to such Asset which is known by Seller, prepared by Seller for its evaluation of such Asset, to include at a minimum all the information required to be set forth in the relevant Confirmation. In addition, the Underwriting Package shall include all of the following, to the extent applicable and available:
Underwriting Package means with respect to any proposed Purchased Mortgage Loan, the Asset Schedule listing such proposed Purchased Mortgage Loan and such other computer readable file or other information requested by Buyer during the course of its due diligence and delivered prior to the date of a Transaction for such proposed Purchased Mortgage Loan containing, with respect to the related proposed Purchased Mortgage Loan, information in form and substance acceptable to Buyer in its sole discretion, together with a certification that Seller has no actual knowledge of any material information concerning such proposed Purchased Mortgage Loan which is not reflected in such file or otherwise disclosed to Buyer in writing.
Underwriting Package means with respect to any Eligible Rental Property, a computer readable file or such other information reasonably requested by Lender during the course of its due diligence and delivered prior to the date of an Advance for such Rental Property containing, information with respect to such Rental Property in form and substance reasonably acceptable to Lender, together with a certification in the form of Exhibit B that such Borrower has no actual knowledge of any material information concerning such Rental Property which is not reflected in such file or otherwise disclosed to Lender in writing.
Examples of Underwriting Package in a sentence
Buyer shall conduct such review of the Underwriting Package and each such Asset as Buyer determines appropriate.
Promptly, any modifications or additions to the items contained in the Underwriting Package.
Buyer shall have the right to review the information set forth on the Transaction Notice and accompanying Asset Schedule, the Underwriting Package and the Eligible Mortgage Loans proposed to be subject to a Transaction as Buyer determines during normal business hours.
All information contained in the related Underwriting Package (or as otherwise provided to Buyer) in respect of such Mezzanine Loan is accurate and complete in all material respects.
All information contained in the related Underwriting Package in respect of such Mortgage Loan is accurate and complete in all material respects.
More Definitions of Underwriting Package
Underwriting Package. With respect to one or more Assets, the Underwriting Package shall include all of the following, in each case (other than clauses (a), (b) and (c)), to the extent applicable and available: (a) the Credit Approval Memo for such Purchased Asset approved (or to be approved) by Seller’s investment committee; (b) all Mortgage Loan Documents required to be delivered to Custodian under Section 2.01 of the Custodial Agreement, (c) a Current Appraisal, (d) the current occupancy report, tenant stack and rent roll or, with respect to Hotel-Related Assets, the STR report, (e) at least two (2) years of property-level financial statements, (f) the current financial statement of the Underlying Obligor, (g) any and all agreements, documents, reports, or other information concerning the Purchased Assets received or obtained in connection with the origination of the Purchased Assets, (h) third-party reports and agreed-upon procedures, letters and reports (whether drafts or final forms), site inspection reports, market studies and other due diligence materials prepared by or on behalf of or delivered to Seller, (i) aging of accounts receivable and accounts payable, (j) such further documents or information as Buyer may request, (k) any and all agreements, documents, reports, or other information concerning the Purchased Assets (including, without limitation, all of the related Mortgage Loan Documents) received or obtained in connection with the origination of the Purchased Assets, (l) any other material documents or reports concerning the Purchased Assets prepared or executed by Seller or Guarantor, and (m) all documents, instruments and agreement received in respect of the closing of the acquisition transaction under the Purchase Agreement.
Underwriting Package. With respect to one or more Assets, the internal document or credit committee memorandum setting forth all material information relating to an Asset which is known by Seller, prepared by Seller for its evaluation of such Asset, to include at a minimum all the information required to be set forth in the relevant Confirmation. In addition, the Underwriting Package shall include all of the following, to the extent applicable and available: (a) all Purchased Asset Documents required to be delivered to Custodian under Section 2.01 of the Custodial Agreement; (b) an Appraisal, together with a property condition report, a Phase I environmental report and, if appropriate, a seismic report; (c) the current occupancy report, tenant stack and rent roll; (d) at least two (2) years of property-level financial statements; (e) the current financial statement of the Underlying Obligor; (f) the Mortgage Asset File; (g) third-party reports and agreed-upon procedures, letters and reports (whether drafts or final forms), site inspection reports, market studies and other due diligence materials prepared by or on behalf of or delivered to Seller; (h) aging of accounts receivable and accounts payable; (i) copies of all Purchased Asset Documents not otherwise required to be delivered pursuant to clause (a) above; (j) such further documents or information as Buyer may request; (k) any and all agreements, documents, reports, or other information concerning the Purchased Assets (including, without limitation, all of the related Purchased Asset Documents) received or obtained in connection with the origination of the Purchased Assets; (l) any other material documents or reports concerning the Purchased Assets prepared or executed by any Seller Party; and (m) if the related Asset was acquired by Seller from a third party, all documents, instruments and agreements received in respect of the closing of the acquisition transaction under the Purchase Agreement. “Upsize Fee”: Defined in the Fee Letter, which definition is incorporated herein by reference. -35- LEGAL02/38049601v7
Underwriting Package. With respect to one or more Assets, a summary memorandum outlining the proposed Transaction or advance, as applicable, including potential benefits and all material underwriting risks, all Underwriting Issues and all other characteristics of the proposed Transaction or advance, as applicable, that a reasonable buyer would consider material. In addition, the Underwriting Package shall include all of the following, to the extent applicable and available:
Underwriting Package means, with respect to each Loan, the Spirit Finance Credit Memorandum as defined in the Underwriting Guidelines.
Underwriting Package. With respect to one or more Assets, the internal document or credit committee memorandum (redacted to protect confidential information) setting forth all material information relating to an Asset which is known by the applicable Seller, prepared by such Seller for its evaluation of such Asset, to include at a minimum all the information required to be set forth in the relevant Confirmation or, in the alternative, materials of a like kind that would typically be provided by a loan originator to a nationally recognized statistical rating organization in connection with a collateral debt obligation or commercial mortgage-backed securities offering acceptable in Buyer’s discretion. In addition, the Underwriting Package shall include all of the following, to the extent applicable and available:
Underwriting Package means the documents and reports submitted by the Sponsor to Xxxxxxx Mac and relied upon by Xxxxxxx Mac in its decision to execute and deliver the Series Certificate Agreement.
Underwriting Package means the documents and reports submitted by the Sponsor to Freddie Mac and relied upon by Freddie Mac in its decision to execute and deliver the Series Certificate Agreement.