Common Contracts
3 similar Mortgage Loan Purchase Agreement contracts by GS Mortgage Securities Trust 2012-Gcj9, GS Mortgage Securities Trust 2014-Gc24
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 1, 2014 Series 2014-GC24Mortgage Loan Purchase Agreement • September 29th, 2014 • GS Mortgage Securities Trust 2014-Gc24 • Asset-backed securities • New York
Compliance not in compliance with the applicable zoning ordinance as it contains one more unit than is permitted by the existing zoning ordinance. To the extent required by the appropriate governmental authority and within the earlier to occur of (i) the time period required in the notice from the governmental authority or (ii) 30 days from receipt of the notice, the borrower is required to either (a) begin the conversion of 1 of the existing units on the south parcel of the Mortgaged Property to be part of the fitness facility at the Mortgaged Property or (b) apply for a modification to the related existing zoning permit so that the Mortgaged Property is then in compliance with all applicable zoning ordinances and resolutions. (26) Recourse Obligations Coastal Grand Mall (Loan No. 2) Recourse for prohibited transfers of the Mortgaged Property or equity interests in the borrower is limited to actual damages (not full recourse). (31) Single-Purpose Entity Bridgestone Apartments (Loan No
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2012 Series 2012-GCJ9Mortgage Loan Purchase Agreement • November 29th, 2012 • GS Mortgage Securities Trust 2012-Gcj9 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception owner(s). (24) Local Law Compliance Lehigh Student Housing Portfolio (No. 31) A portion of an individual Mortgaged Property is a non-permitted office use. The related Mortgagor is required under the Mortgage Loan Documents to use commercially reasonable efforts to obtain all permits and approvals necessary for the continued office use within one hundred eighty (180) days of the Mortgage Loan closing. In the event the related Mortgagor fails to obtain such permits and approvals within such time period, the Mortgage Loan Documents require that the Mortgagor relocate such office. Additionally, portions of individual Mortgaged Properties being operated as parking lots do not have all necessary permits and approvals for such operation. The related Mortgagor is required under the Mortgage Loan Documents to use all commercially reasonable efforts to acquire such permits and approvals within one hundred eighty (180) days of Mortgage Loan cl
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2012 Series 2012-GCJ9Mortgage Loan Purchase Agreement • November 27th, 2012 • GS Mortgage Securities Trust 2012-Gcj9 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception owner(s). (24) Local Law Compliance Lehigh Student Housing Portfolio (No. 31) A portion of an individual Mortgaged Property is a non-permitted office use. The related Mortgagor is required under the Mortgage Loan Documents to use commercially reasonable efforts to obtain all permits and approvals necessary for the continued office use within one hundred eighty (180) days of the Mortgage Loan closing. In the event the related Mortgagor fails to obtain such permits and approvals within such time period, the Mortgage Loan Documents require that the Mortgagor relocate such office. Additionally, portions of individual Mortgaged Properties being operated as parking lots do not have all necessary permits and approvals for such operation. The related Mortgagor is required under the Mortgage Loan Documents to use all commercially reasonable efforts to acquire such permits and approvals within one hundred eighty (180) days of Mortgage Loan cl
