Whole Loans. Such Mortgage Loan is a whole Mortgage Loan and not a Participation Interest or other partial interest in a Mortgage Loan.
Whole Loans. Such Mezzanine Loan is a whole Mezzanine Loan secured by the related Equity Interests. No Mezzanine Loan is a Participation Interest or other partial interest in a Mezzanine Loan. The related Mortgage Loan complies with all of the representations and warranties set forth in Section (B) above and is also a Purchased Asset subject to a Transaction under the Master Repurchase Agreement.
Whole Loans. Each Mortgage Loan is a whole loan (except for the existence of a collateral debt security that is a Subordinate Mortgage Loan Interest or participation interest) and except for any retained coupon strip, future advance and other items enumerated in Section 1 of the Seller Transfer Agreement, contains no equity participation by the lender or shared appreciation feature and does not provide for any contingent or additional interest in the form of participation in the cash flow of the related Mortgaged Property or provide for negative amortization. The Seller holds no preferred equity interest other than as disclosed in writing and consented to by the Issuer prior to the sale of such Loan.
Whole Loans. Each Purchased Loan is a “whole loan” as such terms is used in the industry.
Whole Loans. Each Mortgage Loan is a whole loan (except for the existence of a Collateral Debt Security that is a B-Note or Participation) and contains no equity participation by the lender or shared appreciation feature and does not provide for any contingent or additional interest in the form of participation in the cash flow of the related Underlying Mortgage Property or, other than the ARD Loans, provide for negative amortization. The Seller holds no preferred equity interest other than as disclosed in writing and consented to by the Issuer prior to the sale of such Loan or, if applicable, a related Participation or B Note.
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Whole Loans. Cause the Warehouse Trust to sell or securitize at least $150,000,000 in whole loans by February 28, 2003 with Net Cash Proceeds of at least 82% of the unpaid principal balance of such loans. Unless waived by the Required Tranche A Lenders, following such sale or securitization and following the next date thereafter as of which an additional $10,000,000 in unpaid principal balance of whole loans in the aggregate has been sold, whole loan sales or securitizations (including the sales of such $10,000,000 in whole loans) shall result in Net Cash Proceeds of at least
Whole Loans. Borrower has not, does not and will not acquire title to or otherwise hold as assignee any whole loans originated by a Bank Partner Originator.
Whole Loans. Except for any Purchased Asset that is a Participation Interest or Senior Note, each Purchased Asset is a whole Mortgage Loan and not a Participation Interest or other partial interest in a Mortgage Loan.
