WPC Department Store Portfolio Whole Loan definition

WPC Department Store Portfolio Whole Loan. The WPC Department Store Portfolio Mortgage Loan, together with the WPC Department Store Portfolio Companion Loans, each of which is secured by the WPC Department Store Portfolio Mortgage. References herein to the WPC Department Store Portfolio Whole Loan shall be construed to refer to the aggregate indebtedness secured under the WPC Department Store Portfolio Mortgage.
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Examples of WPC Department Store Portfolio Whole Loan in a sentence

  • The appointment of any successor special servicer with respect to the WPC Department Store Portfolio Whole Loan (prior to the WPC Department Store Portfolio Companion Loan Securitization Date) is subject to the consent of the WPC Department Store Portfolio Directing Holder.

  • With respect to the WPC Department Store Portfolio Whole Loan and any related REO Property, prior to the WPC Department Store Portfolio Securitization Date, the WPC Department Store Portfolio Directing Holder shall exercise all approval rights regarding any Asset Status Report in respect of WPC Department Store Portfolio Whole Loan or REO Property set forth in the second paragraph of this Section 3.21(b) without regard to the occurrence of any Control Termination Event or Consultation Termination Event.

  • Notwithstanding the foregoing, in the case of the WPC Department Store Portfolio Whole Loan (prior to its becoming a Non-Serviced Mortgage Loan), the timing of any recordation of the documents referred to herein shall be governed by the last paragraph of the definition of “Mortgage File” and, following the WPC Department Store Portfolio Securitization Date, if such recordation has been effected, such documents shall be assigned in accordance with the last paragraph of the definition of “Mortgage File”.

  • The appointment of any successor special servicer with respect to the WPC Department Store Portfolio Whole Loan (prior to the WPC Department Store Portfolio Companion Loan Securitization Date) shall be subject to the consent of the WPC Department Store Portfolio Directing Holder.

  • Notwithstanding the foregoing, the Operating Advisor, as and to the extent set forth herein, shall have limited obligations or consultation rights with respect to any Mortgage Loan that is a Non-Serviced Whole Loan as of the Closing Date or any related REO Property and the WPC Department Store Portfolio Whole Loan, and in each case, no Operating Advisor Consulting Fee shall be payable with respect thereto.

  • Notwithstanding the foregoing, in the case of the Cxxxxxx River Plaza North Whole Loan, for so long as the holder of the Cxxxxxx River Plaza North Subordinate Companion Loan is the Cxxxxxx River Plaza North Directing Holder, and in the case of the WPC Department Store Portfolio Whole Loan, the Operating Advisor shall not have any of the above described consultation or other rights with respect the Cxxxxxx River Plaza North Whole Loan or the WPC Department Store Portfolio Whole Loan.

Related to WPC Department Store Portfolio Whole Loan

  • Whole Loan As defined in the Introductory Statement.

  • Renewable Portfolio Standard or “RPS” means a state or federal law, rule or regulation that requires a stated amount or minimum proportion or quantity of electricity that is sold or used by specified persons to be generated from Renewable Energy Sources.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • 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.

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

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

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

  • 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).

  • 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.

  • 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.

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

  • 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.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

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

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

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

  • Companion Loan As defined in the Introductory Statement.

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

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

  • Loan Combination shall include any successor REO Mortgage Loan and the related successor REO Companion Loan(s) (or the related deemed Companion Loan(s), if applicable)). The only Loan Combinations related to the Trust as of the Closing Date are identified in the Loan Combination Table.

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

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.