Companion Loan definition

Companion Loan. As defined in the Introductory Statement.

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Companion Loan. With respect on any Loan Combination, as defined in the definition of “Loan Combination.” If, with respect to any Loan Combination, any promissory note evidencing a related Companion Loan is split and replaced with 2 or more replacement promissory notes, each such related promissory note will evidence a separate Companion Loan with respect to such Loan Combination. Each Companion Loan is either a Pari Passu Companion Loan or a Subordinate Companion Loan. In the case of a Companion Loan serviced under this Agreement, the term “Companion Loan” shall include a REO Companion Loan.

Companion Loan. A mortgage loan that is not included in the Trust Fund but is part of a Whole Loan that includes a Mortgage Loan.

Examples of Companion Loan in a sentence

The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee, without the consent of any of the Certificateholders, the RR Interest Owners or the Companion Loan Holders, in certain circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement.
The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee, without the consent of any of the Certificateholders, the RR Interest Owners or the Companion Loan Holders in certain circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement.
Nothing contained in this Agreement shall be construed as an express or implied guarantee by the Servicer or the Special Servicer of the collectability of the Trust Loan and the Companion Loan.
None of the Servicer, the Special Servicer, the Trustee or the Certificate Administrator shall be obligated to deliver any such item with respect to the securitization of a Companion Loan if it did not deliver a corresponding item with respect to this Trust.
In addition, notwithstanding anything to the contrary, the Servicer or Special Servicer, as applicable, shall deliver reports and notices to each Companion Loan Holder to the extent required under the Co-Lender Agreement.

More Definitions of Companion Loan

Companion Loan. With respect on any Whole Loan, as defined in the definition of “Whole Loan.” If, with respect to any Whole Loan, any promissory note evidencing a related Companion Loan is split and replaced with 2 or more replacement promissory notes, each such related promissory note will evidence a separate Companion Loan with respect to such Whole Loan. Each Companion Loan is either a Pari Passu Companion Loan or a Subordinate Companion Loan. In the case of a Companion Loan serviced under this Agreement, the term “Companion Loan” shall include a REO Companion Loan.

Companion Loan. Any Serviced Companion Loan or Non-Serviced Pari Passu Companion Loan.

Companion Loan shall have the meaning assigned thereto in the Preliminary Statement.

Companion Loan. Each of the Companion Loans as defined in the Preliminary Statement.

Companion Loan. Any mortgage loan that is part of a Loan Combination but is not an asset of the Trust. The only Companion Loans related to the Trust as of the Closing Date are the ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Retail Condo Companion Loans, the ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Companion Loans, the ▇▇▇▇▇▇▇ Place Google Companion Loans, the Prudential Plaza Companion Loans, the ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Companion Loans, the Hilton Hawaiian Village Waikiki Beach Resort Companion Loans, the State Farm Data Center Companion Loan, the Summit Place Wisconsin Companion Loan, the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Companion Loans, the 8 Times Square & ▇▇▇▇ ▇▇▇▇▇▇▇▇ Companion Loans, the Marriott Hilton Head Resort & Spa Companion Loans and the Parts Consolidation Center Companion Loan.

Companion Loan. Any mortgage loan that is part of a Loan Combination but is not an asset of the Trust. The only Companion Loans related to the Trust as of the Closing Date are the ▇▇▇▇-▇▇▇▇ Short Hills Office Portfolio Companion Loans, the Key Center Cleveland Companion Loans, the Scripps Center Companion Loan, the ▇▇▇▇▇▇▇▇ Crossing Companion Loan, the ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Retail Condo Companion Loans, the Greenwich Office Park Companion Loans, the ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Companion Loans, the Atlanta and Anchorage Hotel Portfolio Companion Loans, the Urban Union - Amazon Companion Loans, the QLIC Companion Loans, the Broadway Portfolio Companion Loan, the Novo Nordisk Companion Loans, the Rentar Plaza Companion Loans and the Parts Consolidation Center Companion Loan.