Whole Loan definition

Whole Loan. As defined in the Introductory Statement.

Whole Loan. A mortgage loan secured by a first mortgage lien on a multi-family property.

Whole Loan. Collectively, the Trust Loan and the Companion Loans. References herein to the Whole Loan shall be construed to refer to the aggregate indebtedness under Note X-0, Xxxx X-0, Xxxx X-0, Note A-4, Note A-5, Note A-6, Note A-7 and Note A-B.

Examples of Whole Loan in a sentence

• Except with respect to a Mortgage Loan that is part of a Whole Loan, each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

• No Mortgage Loan is cross-collateralized or cross-defaulted with any other mortgage loan that is outside the Mortgage Pool, except in the case of a Mortgage Loan that is part of a Whole Loan.

• The Primary Servicer agrees that, on reasonable prior written notice, it will permit a representative of the Master Servicer, during the Primary Servicer’s normal business hours, reasonable access to examine all books of account, records, reports and other documents of the Primary Servicer relating to the Serviced Whole Loan and to make copies and extracts therefrom.

• References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section 3.09 (other than Section 3.09(f)) of the Pooling and Servicing Agreement; provided, however, with respect to any Serviced Whole Loan, the Primary Servicer shall promptly provide written notice to the related Serviced Companion Noteholder upon the occurrence of any Serviced Whole Loan event of default.

• For the avoidance of doubt, the Primary Servicer will no longer perform the obligations of the Master Servicer as the Companion Paying Agent if terminated as the Primary Servicer with respect to the Serviced Whole Loan.

More Definitions of Whole Loan

Whole Loan. A commercial mortgage loan secured by a first-lien mortgage on a Multi-Family Property.

Whole Loan. A performing first priority loan secured by a Mortgage on a Mortgaged Property.

Whole Loan means a commercial real estate whole loan made to the related underlying obligor and secured primarily by a perfected, first priority Lien in the related underlying Mortgaged Property, including, without limitation (A) with respect to any Senior Interest, the Whole Loan in which Seller owns a Senior Interest, and (B) with respect to any Mezzanine Loan, the Whole Loan made to the Mortgagor or Affiliate of such Mortgagor whose equity interests, directly or indirectly, secure such Mezzanine Loan.

Whole Loan means a commercial mortgage loan or note secured by a first lien on multifamily and commercial real property.

Whole Loan. A performing commercial real estate whole loan made to the related Underlying Obligor and secured primarily by a perfected, first priority Lien in the related underlying Mortgaged Property.

Whole Loan. A performing first priority commercial real estate whole loan for which the Underlying Mortgaged Property is performing and is either stabilized or light transitional, as determined by Buyer.

Whole Loan. Any of the Worldwide Plaza Whole Loan, the Starwood Lodging Hotel Portfolio Whole Loan, the Bass Pro & Cabela’s Portfolio Whole Loan, the Loma Xxxxx Whole Loan, the Olympic Tower Whole Loan, the Cabela’s Industrial Portfolio Whole Loan, the Westin Palo Alto Whole Loan, the Long Island Prime Portfolio – Uniondale Whole Loan, the 00 Xxxxx Xxxxxx Whole Loan, the Petco Corporate Headquarters Whole Loan, the Xxxxxxxxx Whole Loan and the Shops at Xxxxxxxx Whole Loan.