Whole Loan; Ownership of Mortgage Loans Sample Clauses

Whole Loan; Ownership of Mortgage Loans. Except with respect to a Mortgage Loan that is part of a Whole Loan, each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan. At the time of the sale, transfer and assignment to the Depositor, no Mortgage Note or Mortgage was subject to any assignment (other than assignments to the Mortgage Loan Seller or (with respect to any Non-Serviced Mortgage Loan) to the related Non-Serviced Trustee for the related Non-Serviced Trust), participation (it being understood that a Mortgage Loan that is part of a Whole Loan does not constitute a participation) or pledge, and the Mortgage Loan Seller had good title to, and was the sole owner of, each Mortgage Loan free and clear of any and all liens, charges, pledges, encumbrances, participations (other than with respect to agreements among noteholders with respect to a Whole Loan), any other ownership interests and other interests on, in or to such Mortgage Loan other than any servicing rights appointment, subservicing or similar agreement. The Mortgage Loan Seller has full right and authority to sell, assign and transfer each Mortgage Loan, and the assignment to the Depositor constitutes a legal, valid and binding assignment of such Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature encumbering such Mortgage Loan.
Whole Loan; Ownership of Mortgage Loans. Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan. Immediately prior to the transfer to the Purchaser of the Mortgage Loans, the Seller had good title to, and was the sole owner of, each Mortgage Loan. The Seller has full right, power and authority to transfer and assign each of the Mortgage Loans to or at the direction of the Purchaser and has validly and effectively conveyed (or caused to be conveyed) to the Purchaser or its designee all of the Seller's legal and beneficial interest in and to the Mortgage Loans free and clear of any and all pledges, liens, charges, security interests and/or other encumbrances. The sale of the Mortgage Loans to the Purchaser or its designee does not require the Seller to obtain any governmental or regulatory approval or consent that has not been obtained.
Whole Loan; Ownership of Mortgage Loans. Except with respect to each Serviced Mortgage Loan, each Mortgage Loan is a whole loan and not an interest in a Mortgage Loan. Each Serviced Mortgage Loan is a senior portion (or a pari passu portion of a senior portion) of a whole mortgage loan evidenced by a senior note. Immediately prior to the sale, transfer and assignment to depositor, no Mortgage Note or Mortgage was subject to any assignment (other than assignments to the Seller), participation (other than with respect to Serviced Mortgage Loans) or pledge, and the Seller had good title to, and was the sole owner of, each Mortgage Loan free and clear of any and all liens, charges, pledges, encumbrances, participations (other than with respect to agreements among noteholders with respect to a Whole Loan), any other ownership interests and other interests on, in or to such Mortgage Loan (subject to certain agreements regarding servicing and/or defeasance successor borrower rights as provided in the Pooling and Servicing Agreement, subservicing agreements permitted thereunder and that certain Servicing Rights Purchase Agreement, dated as of the Closing Date between the Master Servicer and the Seller). The Seller has full right and authority to sell, assign and transfer each Mortgage Loan, and the assignment to depositor constitutes a legal, valid and binding assignment of such Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature encumbering such Mortgage Loan (subject to certain agreements regarding servicing and/or defeasance successor borrower rights as provided in the Pooling and Servicing Agreement, subservicing agreements permitted thereunder and that certain Servicing Rights Purchase Agreement, dated as of the Closing Date between the Master Servicer and the Seller).
Whole Loan; Ownership of Mortgage Loans. Woodbridge Center (Loan No. 1) The $250,000,000 loan to the borrower is secured on a pari passu basis by various notes (A-1 Note in the amount of $130,000,000; A-2 Note in the amount of $60,000,000; and A-3 Note in the amount of $60,000,000). The Royal Bank of Scotland is contributing the combined A-2 and A-3 Notes to the WFCM 2014-LC16 Trust, and contributed the A-1 Note to the WFRBS 2014-C20 Trust. The Mortgage Loan will be serviced pursuant to the WFRBS 2014-C20 Pooling and Servicing Agreement.
Whole Loan; Ownership of Mortgage Loans. Lxxx Mxxxx Tower The loan is a whole loan evidenced by two notes. One note is payable to Mxxxxx Sxxxxxx Mortgage Capital Holdings LLC in the principal amount of $90,000,000.00 and the other note is payable to Bank of America, N.A. in the principal amount of $90,000,000.00.
Whole Loan; Ownership of Mortgage Loans. LOAN NUMBER PROPERTY NAME ISSUE -------------------------- -------------------------------- ---------------------------------------------------------- 09-10001099 Water Tower Place The mortgage loan is jointly owned by GSMC and Commerzbank AG. -------------------------- -------------------------------- ----------------------------------------------------------
Whole Loan; Ownership of Mortgage Loans. Each Mortgage Loan is a whole loan and not a participation interest in a whole loan. Immediately prior to the sale, transfer and assignment to the Buyer, the Seller had good title to, and was the sole owner of, each Mortgage Loan. The Seller has full right and authority to sell, assign and transfer each Mortgage Loan, and the assignment to the Buyer constitutes a legal, valid and binding assignment of such Mortgage Loan free and clear of any and all liens, pledges, charges or security interests of any nature encumbering such Mortgage Loan.
Whole Loan; Ownership of Mortgage Loans. Mortgage Loan Xx. XX00000, XXX/Xxxx xx Xxxxxxx Portfolio, is evidenced by (i) an A-Note in the principal amount of $100,000,000 to be assigned by Mortgage Loan Seller, (ii) three companion notes in the total principal amount of $240,000,000, which are pari passu in right of payment to the A Note, but which are not being assigned by the Mortgage Loan Seller and (iii) a subordinate B Note in the principal amount of $100,000,000, to be assigned by Mortgage Loan Seller.
Whole Loan; Ownership of Mortgage Loans o Melbourne Professional Complex (620905906) ($4,950,000): Correspondent fee agreement executed with third party (James F. Perry & Company)