CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and Citigroup Global Markets Realty Corp., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2016 Citigroup Commercial Mortgage Trust 2016-P5, Commercial Mortgage Pass-Through...Pooling and Servicing Agreement • October 27th, 2016 • Citigroup Commercial Mortgage Trust 2016-P5 • Asset-backed securities • New York
The collateral for the Mortgage Loan includes a security interest in the Leasehold Space. While the Underlying Lease is a space lease, the following exceptions are noted if the Underlying Lease were treated as a “Ground Lease” for purposes of this representation:
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and Starwood Mortgage Funding V LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2016 Citigroup Commercial Mortgage Trust 2016-P5, Commercial Mortgage Pass- Through...Pooling and Servicing Agreement • October 27th, 2016 • Citigroup Commercial Mortgage Trust 2016-P5 • Asset-backed securities • New York
Underlying Lease without the consent of the lessor thereunder (which consent shall not be unreasonably withheld). Note that Mortgagor is permitted to sublease its interest in the Leasehold Premises to Regal (and its successor and/or assigns). If the Regal Lease expires or is terminated for any reason (other than a default thereunder by Mortgagor solely relating to the Crocker Portion), Mortgagor shall have the option to terminate the Underlying Lease (which option may only be exercised with the lender’s consent). 34(j): The Underlying Lease lessor is obligated to restore the Leasehold Premises in the event of a casualty or condemnation (provided the Underlying Lease is not terminated in connection with the applicable casualty). In connection with said restoration, the loss proceeds must be held by an insurance trustee satisfying certain ratings requirements. For so long as the lessor’s fee mortgagee meets said ratings requirements, it will be designated as the insurance/condemnation tr
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and MACQUARIE US TRADING LLC D/B/A PRINCIPAL COMMERCIAL CAPITAL, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2016 Citigroup Commercial Mortgage Trust 2016-P5, Commercial...Pooling and Servicing Agreement • October 27th, 2016 • Citigroup Commercial Mortgage Trust 2016-P5 • Asset-backed securities • New York
Ventures. Under these agreements and the Declaration, the Mortgaged Property may be used for certain purposes without further remediation, in accordance with the conditions of the VCC. However, certain restrictions are placed on development and use of the Mortgaged Property. The restrictions include (1) the Mortgaged Property shall not be used for: (i) stand-alone residential dwellings with yards; (ii) agricultural; (iii) recreational areas with potential exposure to surface soil; (iv) stand-alone child day care facilities with yards; (v) schools for a population of less than 18 years of age; or (vi) stand-alone elder care facilities with yards; (2) the groundwater beneath the Mortgaged Property may not be used for drinking or irrigation purposes without Department approval, (3) digging or other land disturbance activities shall be conducted in accordance with a Department-approved Soil Management Plan and (4) certain floors or slabs, land cover and landscaped areas shall be considered
