Examples of Companion in a sentence
The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Servicer, the Special Servicer, the Trustee and the Certificate Administrator, without the consent of any of the Trust Interest Owners or any Companion Loan Holder, in certain circumstances specified in the Trust and Servicing Agreement.
The Collateral also secures multiple Companion Loans which are not assets of the Trust Fund.
The Trust Loan and the Companion Loans are collectively referred to as the “Mortgage Loan”.
References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section 3.09 (other than Section 3.09(f)) of the Pooling and Servicing Agreement; provided, however, with respect to any Serviced Whole Loan, the Primary Servicer shall promptly provide written notice to the related Serviced Companion Noteholder upon the occurrence of any Serviced Whole Loan event of default.
The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans or the Serviced Companion Loans, as provided in Section 4.01 of this Agreement upon the occurrence of an Primary Servicer Termination Event.