Common use of Junior Liens Clause in Contracts

Junior Liens. It being understood that B notes secured by the same Mortgage as a Purchased Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to Seller’s Actual Knowledge, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics and materialmens liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in the Due Diligence Package, the Seller has no Actual Knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that B notes secured (and any other Purchased Assets that are cross-collateralized and/or cross-defaulted with a Purchased Asset) by the same Mortgage as a Purchased Mortgage Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to Seller’s Actual Knowledge, are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics mechanics’ and materialmens materialmen’s liens (which are the subject of the representation in paragraph (57) above), and equipment and other personal property financing). Except as set forth in on the Due Diligence Packagerelated Purchased Asset Schedule, the Seller has no Actual Knowledge knowledge of any mezzanine debt secured directly by interests in the related MortgagorBorrower.

Junior Liens. It being understood that B notes secured by the same Mortgage as a Purchased Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to the best knowledge of Seller’s Actual Knowledge, as of the Purchase Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title ExceptionsEncumbrances, taxes and assessments, mechanics and materialmens materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in the Due Diligence Package, the The Seller has no Actual Knowledge knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that B notes secured (and any other Purchased Assets that are cross-collateralized and/or cross defaulted with a Purchased Asset) by the same Mortgage as a Purchased Mortgage Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loanas set forth on the related Transaction Request, there are, as of origination, and to Seller’s Actual Knowledge, are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics mechanics’ and materialmens materialmen’s liens (which are the subject of the representation in paragraph (59) above), and equipment and other personal property financing). Except as set forth in on the Due Diligence Packagerelated Transaction Request, the Seller has to Seller’s knowledge there is no Actual Knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that B notes secured (and any other Purchased Assets that are cross-collateralized and/or cross defaulted with a Purchased Asset) by the same Mortgage as a Purchased Mortgage Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loanas set forth on the related Transaction Request, there are, as of origination, and to Seller’s Actual Knowledge, are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics mechanics’ and materialmens materialmen’s liens (which are the subject of the representation in paragraph (59) above), and equipment and other personal property financing). Except as set forth in on the Due Diligence Packagerelated Transaction Request, the Seller has to Seller’s Knowledge there is no Actual Knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.

Junior Liens. It being understood that B notes secured by the same Mortgage as a Purchased Loan are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan that is cross-collateralized and cross-defaulted with another Purchased Loan, there are, as of origination, and to the actual knowledge of Seller’s Actual Knowledge, as of the Purchase Date, no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title ExceptionsEncumbrances, taxes and assessments, mechanics and materialmens materialmen’s liens (which are the subject of the representation in paragraph (5) above), and equipment and other personal property financing). Except as set forth in the Due Diligence Packagerelated Purchased Loan File, the Seller has no Actual Knowledge actual knowledge of any mezzanine debt secured directly by direct interests in the related Mortgagor.

Junior Liens. It being understood that B notes secured by the same Mortgage as a Purchased Loan Asset are not subordinate mortgages or junior liens, except for any Junior Interests and Purchased Loan Assets that is are cross-collateralized and cross-and/or cross defaulted with another a Purchased LoanAsset, there are, as of origination, and to Seller’s Actual Knowledge, are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and the Title Exceptions, taxes and assessments, mechanics and materialmens liens (which are the subject of the representation in paragraph (57) above), ) and equipment and other personal property financing). Except as set forth in on the related Underwriting/Due Diligence Package, the Seller has to Seller’s Knowledge there is no Actual Knowledge of any mezzanine debt secured directly by interests in the related Mortgagor.