Walgreens Portfolio Pari Passu Companion Loans definition

Walgreens Portfolio Pari Passu Companion Loans and, collectively with the Walgreens Portfolio Mortgage Loan, the “Walgreens Portfolio Loan Combination”). The Walgreens Portfolio Pari Passu Companion Loans and all amounts attributable thereto will not be an asset of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Pari Passu Companion Loan Holders. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 3 on the Mortgage Loan Schedule (the “One Monument Place Mortgage Loan”) also secures a companion loan to the same Borrower, which consists of a promissory note designated note B in the original principal balance of $4,500,000, and which is subordinate in right of payment with the One Monument Place Mortgage Loan (the “One Monument Place Subordinate Companion Loan” and, collectively with the One Monument Place Mortgage Loan, the “One Monument Place Loan Combination”). The One Monument Place Subordinate Companion Loan and all amounts attributable thereto will not be an asset of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Subordinate Companion Loan Holder. The Mortgaged Property that secures the Mortgage Loan identified as Loan No. 15 on the Mortgage Loan Schedule (the “Xxxxx Xxxx/San Xxxxx Mortgage Loan”) also secures a companion loan to the same Borrower, which consists of a promissory note designated note A-2 in the original principal balance of $5,000,000, and which is pari passu in right of payment with the Xxxxx Xxxx/San Xxxxx Mortgage Loan (the “Xxxxx Xxxx/San Xxxxx Xxxx Passu Companion Loan” and, collectively with the Xxxxx Xxxx/San Xxxxx Mortgage Loan, the “Xxxxx Xxxx/San Xxxxx Loan Combination”). The Xxxxx Xxxx/San Xxxxx Xxxx Passu Companion Loan and all amounts attributable thereto will not be an asset of the Trust Fund, the REMIC Pools or the Grantor Trust and will be beneficially owned by the related Serviced Pari Passu Companion Loan Holder. Each of the Walgreens Portfolio Loan Combination, the One Monument Place Loan Combination and the Xxxxx Xxxx/San Xxxxx Loan Combination will be serviced pursuant to (i) this Agreement and (ii) the related Intercreditor Agreement. The 0 Xxxxxxxx Xxxxxx Loan Combination will be serviced pursuant to (i) the related Non-Trust Pooling and Servicing Agreement and (ii) the related Intercreditor Agreement. Capitalized terms used but not otherwise defined in this Preliminary Statement have the respective meanings assigned ...
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Related to Walgreens Portfolio Pari Passu Companion Loans

  • Pari Passu Companion Loan A Companion Loan that, pursuant to the related Loan Documents and/or the related Co-Lender Agreement, is pari passu in right of payment to the related Split Mortgage Loan. The only Pari Passu Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan.

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Companion Loan As defined in the Introductory Statement.

  • Whole Loan As defined in the Introductory Statement.

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Note A-2 Securitization means the first sale by the Note A-2 Holder of all or a portion of Note A-2 to a depositor who will in turn include such portion of Note A-2 as part of the securitization of one or more mortgage loans.

  • Serviced Companion Loan A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Note A-3 Securitization means the first sale by the Note A-3 Holder of all or a portion of Note A-3 to a depositor who will in turn include such portion of Note A-3 as part of the securitization of one or more mortgage loans.

  • Note A-2 Securitization Date means the closing date of the Note A-2 Securitization.

  • Note A-6 Securitization means the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion of Note A-6 as part of the securitization of one or more mortgage loans.

  • Note A-7 Securitization means the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor who will in turn include such portion of Note A-7 as part of the securitization of one or more mortgage loans.

  • Note A-5 Securitization means the first sale by the Note A-5 Holder of all or a portion of Note A-5 to a depositor who will in turn include such portion of Note A-5 as part of the securitization of one or more mortgage loans.

  • Note A-4 Securitization means the first sale by the Note A-4 Holder of all or a portion of Note A-4 to a depositor who will in turn include such portion of Note A-4 as part of the securitization of one or more mortgage loans.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Note A-1 Securitization Date means the closing date of the Note A-1 Securitization.

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Subordinate Companion Loan A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Serviced Companion Loan Holder The holder of a Serviced Companion Loan.

  • Companion Loan Holder The holder of a Companion Loan.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.