Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a Mortgage Loan only on the terms and subject to the conditions set forth in this Section 3.18 or as otherwise expressly provided in or contemplated by Sections 2.03(a) and 9.01.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc), Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc), Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a any Mortgage Loan only on the terms and subject to the conditions set forth in this Section 3.18 3.18, 176 any applicable Intercreditor Agreement, or as otherwise expressly provided in or contemplated by Sections 2.03(a) and 9.01.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2005-C1 Trust), Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2005-C1 Trust)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a A Mortgage Loan may be sold or purchased only on the terms and subject to the conditions set forth in this Section 3.18 3.19 or as otherwise expressly provided in or contemplated by Sections 2.03(a) Section 2.03 and Section 9.01, or, in the case of a Mortgage Loan with related subordinate debt or a related mezzanine loan, pursuant to the terms of the related intercreditor agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ge Commercial Mortgage Corp)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a any Mortgage Loan only on the terms and subject to the conditions set forth in this Section 3.18 3.18, any applicable Intercreditor Agreement, or as otherwise expressly provided in or contemplated by Sections 2.03(a) ), 3.29, 6.07 and 9.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities, Inc. Series 2006-C1 Trust)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a any Mortgage Loan only on the terms and subject to the conditions set forth in this Section 3.18 3.18, any applicable Intercreditor Agreement, or as otherwise expressly provided in or contemplated by Sections 2.03(a) and 9.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a any Mortgage Loan only on the terms and subject to the conditions set forth in this Section 3.18 3.18, any applicable Intercreditor Agreement, or as otherwise expressly provided in or contemplated by Sections 2.03(a), 3.29(a) and 9.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GMAC Commercial Mortgage Securities Inc. Series 2004-C2)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a Mortgage Loan (including the Mesa Grande Loan A2) only on the terms and subject to the 121 conditions set forth in this Section 3.18 or as otherwise expressly provided in or contemplated by Sections 2.03(a) and 9.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Sale of Defaulted Mortgage Loans. (a) The parties hereto may sell or purchase, or permit the sale or purchase of, a Mortgage Loan (other than the Oakbrook Center Mortgage Loan) only on the terms and subject to the conditions set forth in this Section 3.18 or as otherwise expressly provided in or contemplated by Sections 2.03(a) and 9.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
