Common use of Junior Lien Clause in Contracts

Junior Lien. Mortgage Loan No. ___, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, is secured by a Mortgage that also secures a junior "B" loan other than one or more other Mortgage Loans. The related "B" loan also has the right to become pari passu under certain circumstances. The related loan is described in the Prospectus Supplement.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Trust 2007-Hq13)

Junior Lien. Mortgage Loan No▇▇. ___, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, is secured by a Mortgage that also secures a junior "B" subordinate loan other than one or more other Mortgage Loans. The related "B" loan also has the right to become pari passu under certain circumstances. The related loan is described in the Prospectus Supplement.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Morgan Stanley Capital I Trust 2006-Top23)