Premium Financing. The loan documents permit the borrower to obtain third party insurance premium financing so long as timely proof of payment is provided as such installments become due.
Appears in 5 contracts
Sources: Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2015-C26), Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2015-C26), Mortgage Loan Purchase Agreement (Wells Fargo Commercial Mortgage Trust 2015-C26)
Premium Financing. The loan documents permit the borrower to obtain financing for insurance premiums through a third party insurance premium financing company under a premium finance agreement so long as (A) the borrower submits timely proof evidence of payment each installment payment; and (B) unless the insurance required by the loan documents is provided as such installments become due.by a complying blanket policy, the borrower escrows 125% of the annual
Appears in 1 contract
Sources: Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2014-C24)