Class P Certificate Clause Samples
Class P Certificate. The Class P Certificate executed by the Trustee and authenticated by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A, evidencing beneficial ownership of the Class P Distributable Amount.
Class P Certificate evidencing a beneficial ownership interest in a Trust Fund, consisting primarily of a pool of commercial, multifamily and manufactured housing community mortgage loans (the "Mortgage Loans"), all payments on or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof, the mortgagee's rights under the Insurance Policies, any Assignment of Leases, and any guaranties, escrow accounts or other collateral as security for the Mortgage Loans, and such amounts as shall from time to time be held in the Certificate Account, the Distribution Accounts, the Interest Reserve Account, the Floating Rate Account, the Gain-on-Sale Reserve Account and the REO Accounts, formed and sold by J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-LDP11 THIS ▇▇▇▇▇▇▇▇▇▇E DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., THE MASTER SERV▇▇▇▇, ▇▇▇ S▇▇▇▇▇L SERVICER, THE TRUSTEE OR ANY OF THEIR AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. THIS CERTIFIES THAT CEDE & CO. is the registered owner of the interest evidenced by this Certificate in the Class P Certificates issued by the Trust Fund created pursuant to the Pooling and Servicing Agreement, dated as of July 1, 2007 (the "Pooling and Servicing Agreement"), among J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP. (hereinafter cal▇▇▇ ▇▇▇ "▇▇positor", which term includes any successor entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer and the Special Servicer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement. This Certificate is one of a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the "Certificates") and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of the Class P Certificates. The Certificates are designated as the J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2...
Class P Certificate. 14- Class R Certificates................................................................-14- Closing Date........................................................................-14- Code ...........................................................................-14- Commission..........................................................................-14- Corporate Trust Office..............................................................-14- Corresponding Certificate...........................................................-14- Countrywide.........................................................................-14- Countrywide Servicing Agreement.....................................................-14- Credit Enhancement Percentage.......................................................-14- Credit Risk Management Agreement....................................................-15- Credit Risk Management Fee..........................................................-15- Credit Risk Management Fee Rate.....................................................-15- Credit Risk Manager.................................................................-15-
Class P Certificate. 11- Class R-I Certificates..............................................................-11- Class R-II Certificates.............................................................-11- Class R-III Certificates............................................................-11- Closing Date........................................................................-12- Code ...........................................................................-12- Commission..........................................................................-12- Corporate Trust Office..............................................................-12- Corresponding Certificate...........................................................-12- Credit Enhancement Percentage.......................................................-12- Agreement..........................................................................-12- Credit Risk Management Fee..........................................................-12- Fee Rate...........................................................................-12-
Class P Certificate. Provided the Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder any amount payable to the Class P Certificateholder in respect of principal pursuant to Section 8.07(f); and
Class P Certificate. 9- Class R-I Certificate............................................................................-9- SECTION PAGE ------- ----
Class P Certificate. 20- Class R Certificate.................................................................-20- Class R-I Interest..................................................................-21- Class R-II Interest.................................................................-21- Class R-III Interest................................................................-21- Clearstream.........................................................................-21- Closing Date........................................................................-21- Code................................................................................-21- Collection Account..................................................................-21- Commission..........................................................................-21- Company.............................................................................-21- Compensating Interest...............................................................-21- Corporate Trust Office..............................................................-21- Corresponding Certificate...........................................................-21- Corridor Contract...................................................................-22- Corridor Contract Allocation Amount.................................................-22- Corridor Contract Available Amount..................................................-22- Corridor Contract Counterparty......................................................-22-
Class P Certificate. After payment of the amounts specified in clauses (i) through (xii) above, to the Class P Certificateholder until the Class P Principal Balance is reduced to zero; and
Class P Certificate. SECTION PAGE ------- ----
Class P Certificate. Any Class 1-AP, Class 2-AP, Class 3-AP and Class 4-AP Certificate.