Allied Interests definition
Examples of Allied Interests in a sentence
If a Prepayment Premium is collected with respect to a Mortgage Loan that is a Participation Mortgage Loan, that portion of the Prepayment Premium attributable to the Allied Interests shall be allocated as set forth above.
The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Bondholders of all right, title and interest of the Issuer in, to and under the Funding Note, the Allied Interests and the ACC Guaranty and/or the assignment of any or all of the Issuer's rights and obligations hereunder to the Indenture Trustee.
Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, but shall survive the sale, transfer and assignment of the Allied Interests and the Funding Note by the Seller to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture.
The Allied ROFR Notice shall (i) specify that it relates to the sale of all of Lehigh’s shares of the Allied GP and Lehigh’s 49.5% partnership interest in the Allied LP, (ii) include the identity of Buyer as the proposed transferee, (iii) specify the Allied Purchase Price as the proposed price for the Allied Interests, (iv) specify the terms of payment of the Allied Purchase Price and (v) otherwise comply with the terms of the Allied Shareholders Agreement.
The Seller makes the following representations on which the Issuer relies in accepting the Allied Interests and the Funding Note and delivering the Securities, and on which the Indenture Trustee and the Fiscal Agent rely in executing this Agreement.
To exercise such option, the Seller or the Successor Servicer, as applicable, shall deposit to the Collection Account on the Redemption Date, pursuant to Section 5.04, an amount (the "Redemption Price") equal to the aggregate Purchase Price for the Funding Note and Allied Interests and shall succeed to all interests in and to the Funding Note and Allied Interests.
To exercise such option, the Seller or the Successor Servicer, as applicable, shall deposit to the Collection Account on the Determination Date preceding the Redemption Date, pursuant to Section 5.04 of the Sale and Servicing Agreement, an amount equal to the Redemption Price and shall succeed to all interests in and to the Funding Note and Allied Interests.
The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, but shall survive the sale, transfer and assignment of the Allied Interests and the Funding Note by the Seller to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture.
ALLIED CAPITAL COMMERCIAL MORTGAGE TRUST 1998-1 TRUST CERTIFICATE evidencing a fractional undivided interest in the Trust, as defined below, the property of which consists primarily of the Allied Interests and a Funding Note.
That portion of the Prepayment Premium attributable to the BMI Participations shall be allocated to the Funding Note in the same proportion as the Prepayment Premium attributable to the Allied Interests is allocated to the Bonds.