Common use of Rating Surveillance Clause in Contracts

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization which includes the Loan.

Appears in 11 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)

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Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.

Appears in 6 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower Borrowers based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.

Appears in 3 contracts

Samples: Loan Agreement (Supertel Hospitality Inc), Loan Agreement (Lodgian Inc), Loan Agreement (Humphrey Hospitality Trust Inc)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Fixed Rate Principal and/or Floating Rate Principal, to the extent applicable, by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Fixed Rate Loan and/or the Floating Rate Loan.

Appears in 2 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization which includes the LoanLender.

Appears in 2 contracts

Samples: Loan Agreement (Morgans Hotel Group Co.), Mezzanine Loan Agreement (Morgans Hotel Group Co.)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securitiesany certificates issued in a Securitization. The pro rata expenses share of such rating surveillance will be paid for by Borrower based on at the applicable percentage expense of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization which includes the LoanBorrower.

Appears in 2 contracts

Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal Amount by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.

Appears in 2 contracts

Samples: Loan Agreement (Mack Cali Realty L P), Loan Agreement (Mack Cali Realty Corp)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal Amount by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.. 103

Appears in 1 contract

Samples: Loan Agreement (Mack Cali Realty Corp)

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Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Tranche A Principal and/or Tranche B Principal, to the extent applicable, by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Tranche A Loan and/or the Tranche B Loan.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Rating Surveillance. Lender will retain the Rating Agencies ------------------- to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower Borrowers based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.

Appears in 1 contract

Samples: Management Agreement (Westfield America Inc)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower Borrowers based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization which includes the Loan.

Appears in 1 contract

Samples: Loan Agreement (Maguire Properties Inc)

Rating Surveillance. Lender will retain the Rating Agencies to provide rating surveillance services on Securities. The pro rata expenses of such surveillance will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.. -35-

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Rating Surveillance. Lender will retain the Rating Agencies to ------------------- provide rating surveillance services on Securities. The pro rata expenses of such surveillance not to exceed $2,500 per month will be paid for by Borrower based on the applicable percentage of such expenses determined by dividing the then outstanding Principal by the then aggregate outstanding amount of the pool created in the Securitization Secondary Market Transaction which includes the Loan.

Appears in 1 contract

Samples: Loan Agreement (Konover Property Trust Inc)

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