J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST Commercial Mortgage Pass-Through Certificates, Series 2014-C18 Class A-1, Class A-2, Class A-3, Class A-4A1, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C & Class EC Underwriting...Pooling and Servicing Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities
Fargo Bank, National Association, as trustee (the “Trustee”) and Pentalpha Surveillance LLC, as senior trust advisor (the “Senior Trust Advisor”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement as in effect on the Closing Date (as defined below).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, Master Servicer SITUS HOLDINGS, LLC, Special Servicer WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, DEUTSCHE BANK TRUST...Pooling and Servicing Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of December 1, 2013, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Situs Holdings, LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Deutsche Bank Trust Company Americas, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 28, 2014 Fixed Rate Mortgage Loans Series 2014-C18Mortgage Loan Purchase Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception property is included in the same tax parcel as the Mortgaged Property and is controlled by an affiliate of the Borrower. The Mortgaged Property and the portion of the shopping center that is not collateral for the Mortgage Loan are taxed together, including with respect to additional service charges, pledged service charges and unpledged service charges which are payable pursuant to the PILOT agreement. Until the Mortgaged Property is separately assessed, (i) the Mortgagor is required to pay all taxes and charges pursuant to the PILOT agreement related to the Mortgaged Property and the portion of the shopping center that is not collateral for the Mortgage Loan and (ii) the loan documents provide for recourse to the Guarantor for losses to the extent of any default of the Borrower’s obligations pursuant to the PILOT agreement. 33 Miller Place Shopping Center (Loan No. 12) (Single-Purpo
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 28, 2014 Fixed Rate Mortgage Loans Series 2014-C18Mortgage Loan Purchase Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
greater than 63%; (ii) a combined minimum DSCR of at least 1.57x; (iii) a combined minimum debt yield of at least 9.47%; and (iv) the execution of an intercreditor agreement satisfactory to the lender. Additionally, the Mortgage Loan documents permit the sponsor and certain other owners of indirect equity interests in the Mortgagor to pledge their equity interests as part of a corporate financing secured by all or substantially all of the entity’s assets provided that (a) following the exercise of any remedies, the Mortgagor delivers to the lender a new non-consolidation opinion and an acceptable replacement guarantor, (b) neither the pledge nor the exercise of remedies will result in a change in the property management (unless the replacement is a qualified manager as defined in the Mortgage Loan documents), and (c) the net asset value, when combined with any other co-borrowers or guarantors in connection with the financing, is at least equal to $600,000,000. 9 Hughes Airport Complex
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., Depositor MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, Master Servicer MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, Special Servicer WELLS FARGO...Pooling and Servicing Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of August 1, 2013, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wells Fargo Bank, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and BARCLAYS BANK PLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 28, 2014 Fixed Rate Mortgage Loans Series 2014-C18Mortgage Loan Purchase Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception “BBB” or better by S&P or “Baa2” by Moody’s and one hundred percent (100%) of the coverage is provided by insurance companies having a claims paying ability rating of “BBB-” or better by S&P or “Baa3” by Moody’s). The related Mortgage Loan documents approve Lloyd’s (including any Lloyd’s syndicates) as long as Lloyd’s maintains a rating of “A” or better by S&P. The related Mortgage Loan documents permit the Mortgagor to utilize insurers that do not satisfy the requirements of the Mortgage Loan documents to the extent approved by the lender. 18 Berwyn Industrial Business Park (Loan No. 46) (Insurance) – The related Mortgage Loan documents provide for recourse (up to a maximum amount of $500,000.00) against the Mortgagor and the guarantor for losses from flood damage that are not covered by the Mortgagor’s primary insurance in lieu of a requirement for the related Mortgagor to maintain exc
