Whole Loan. Such Mortgage Loan is a whole loan, contains no equity participation by the lender or shared appreciation feature and does not provide for any contingent interest in the form of participation in the cash flow of the related Mortgaged Property.
Whole Loan. The Mortgage Loan is a whole loan and not a participating interest in a mortgage loan. Neither Mortgage Loan Seller nor any affiliate thereof has any obligation to make any capital contributions to the Mortgagor under the Mortgage Loan other than contributions made on or prior to the closing date.
Whole Loan. Except for the Participation Interest, each Mortgage Loan is a whole loan and not a participation interest.
Whole Loan. Each Owned Mortgage Loan is a Whole Loan.
Whole Loan. The related Whole Loan complies with all of the representations set forth in Exhibit X(A) to the Master Repurchase Agreement (except to the extent disclosed in a Requested Exceptions Report and/or approved by Buyer in writing).
Whole Loan. The Mortgage Loan is a whole loan and not a participation interest. (iii) UCC Characterization. The Mortgage Loan is an “account”, “chattel paper”, “promissory note” or “payment intangible” within the meaning of Article 9 of the UCC of all applicable jurisdictions; (jjj) Bankruptcy Code Characterization. The Mortgage Loan is a “mortgage loan” within the meaning of the Bankruptcy Code. (kkk) No Previous Financing. The Mortgage Loan has not been previously financed by any other Person. (lll) No Equity Participation. No document relating to the Mortgage Loan provides for sharing in the appreciation of the value of the Mortgaged Premises, all except to the extent provided in the Mortgage or by applicable law after default by the Customer. The indebtedness evidenced by the Mortgage Note is not convertible to an ownership interest in the Mortgaged Premises, except to the extent provided in the Mortgage or by applicable law after default by the Customer, and the Seller does not own, directly or indirectly, any equity of any form in the Mortgaged Premises or the Customer. (mmm)
Whole Loan. Loan No. 20061737 (Pamida Portfolio) The Mortgage Loan is not a whole loan but rather is one of two pari passu promissory notes, each evidencing a 50% interest in a mortgage loan with an original principal balance of $68,813,864.00.
Whole Loan. Each Schedule A-1 Loan is a whole loan and not a participation interest in a mortgage loan.
