approximate) JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST Commercial Mortgage Pass-Through Certificates, Series 2014-C22 Class A-1, Class A-2, Class A-3A1, Class A-4, Class A-SB, Class X-A, Class A-S, Class B, Class C and Class EC Certificates...Pooling and Servicing Agreement • August 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C22 • Asset-backed securities • New York
LNR Partners, LLC, as special servicer (the “Special Servicer”), Wells Fargo Bank, National Association, as certificate administrator (the “Certificate Administrator”), Wilmington Trust, 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., as Depositor WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as Special Servicer WELLS FARGO BANK, NATIONAL...Pooling and Servicing Agreement • August 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C22 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of July 1, 2014, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Wells Fargo Bank, National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • August 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C22 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception less than “BBB-”. CVS has elected to self-insure. Its parent currently has an unsecured debt rating from S & P of “BBB+” and a stated net worth in excess of $30 billion. During the loan term, tenant does not have any right to terminate the lease or abate rent following casualty. 28 One Met Center (Loan No. 2) (Recourse Obligations) – Phase I environmental site assessment (ESA) identified historic recognized environmental condition (HREC) associated with the pre-existing landfill area on a portion of the property where certain contaminants were detected above state regulatory thresholds. The fill area is beneath paved and landscaped areas and there are no open regulatory cases associated with the site. In lieu of an environmental carve-out from the guarantors, an environmental insurance policy (Lender Environmental Collateral Protection and Liability Insurance form) was obtained in the
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • August 22nd, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C22 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 10333 Richmond (Loan No. 7) (Junior Liens) – Future mezzanine debt is permitted in connection with a permitted sale of the Mortgaged Property and assumption of the Mortgage Loan pursuant to the Mortgage Loan documents, provided that certain conditions are satisfied, which conditions include (but are not limited to) the following: (i) a combined maximum LTV Ratio of not greater than 75%; (ii) a combined minimum DSCR of at least 1.20x; and (iii) the execution of an intercreditor agreement satisfactory to the lender. 9 Kleban Portfolio (Loan No. 12) (Junior Liens) – Future mezzanine debt is permitted, provided that certain conditions are satisfied, which conditions include (but are not limited to) the following: (i) a combined maximum LTV Ratio of not greater than 70%; (ii) a combined minimum DSCR of at least 1.75x; (iii) the mezzanine loan requires payments of interest only with n
