Common use of Loans Secured by Real Property Clause in Contracts

Loans Secured by Real Property. Less than 45% of the Aggregate Outstanding Asset Balance of the Collateral as of the Closing Date consists of Loans principally secured by real property, and less than 45% of the Aggregate Outstanding Asset Balance of the Collateral as of each Addition Date shall consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Loan Pool as of the Closing Initial Cut–Off Date consists of Loans principally secured by real property, and less the Trust Depositor will not effectuate the transfer of a Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Loan Pool as of each Addition any Subsequent Transfer Date shall to consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral as of the Closing Date consists of Loans principally secured by real property, property and less the Trust Depositor will not effectuate the transfer of an Additional Loan or Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral as of each Addition any Cut-Off Date shall to consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 45% of the Aggregate Outstanding Asset Loan Balance of the Collateral as of the Closing Date consists of Loans principally secured by real property, and less than 45% of the Aggregate Outstanding Asset Balance of the Collateral as of each Addition Date shall consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Initial Loans as of the Closing Date consists of Loans principally secured by real property, and less the Originator will not effectuate the transfer of an Additional Loan or a Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Loans included in the Collateral as of each Addition any Cut-Off Date shall to consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral as of the Closing Initial Cut-Off Date consists of Loans principally secured by real property, property and less the Trust Depositor will not effectuate the transfer of an Additional Loan or Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral as of each Addition any Cut-Off Date shall to consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Initial Loans as of the Closing Date consists of Loans principally secured by real property, and less the Trust Depositor will not effectuate the transfer of an Additional Loan or a Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Loans included in the Collateral as of each Addition any Cut-Off Date shall to consist of Loans principally secured by real property.

Loans Secured by Real Property. Less than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Loan Pool as of the Closing Date consists of Loans principally secured by real property, and less the Trust Depositor will not effectuate the transfer of an Additional Loan or Substitute Loan if such transfer would cause more than 4540% of the Aggregate Outstanding Asset Loan Balance of the Collateral Loan Pool as of each Addition any Subsequent Transfer Date shall to consist of Loans principally secured by real property.