Companion Loan Holder Representative definition

Companion Loan Holder Representative. With respect to each Companion Loan that is part of a Serviced Whole Loan, the relatedNon-Controlling Note Holder Representative” (if and as defined in the related Co-Lender Agreement) or any representative appointed by the related Companion Loan Holder in accordance with the related Co-Lender Agreement.

Examples of Companion Loan Holder Representative in a sentence

  • With respect to each Companion Loan, no waiver of a due-on-sale or due-on-encumbrance provision will be effective unless the Master Servicer or Special Servicer, as applicable, first consults with the related Companion Loan Holder or its Companion Loan Holder Representative (if and to the extent required under the applicable Co-Lender Agreement).

  • With respect to each Companion Loan, no waiver of a due-on-sale or due-on-encumbrance provision will be effective unless the Master Servicer or Special Servicer, as applicable, first consults with the related Companion Loan Holder or its Companion Loan Holder Representative (if and to the extent required under the applicable Intercreditor Agreement).

  • In no event shall the Special Servicer be obligated at any time to follow or take any alternative actions recommended by any related Companion Loan Holder (or its Companion Loan Holder Representative).

  • The related Companion Loan Holder and its Companion Loan Holder Representative will each be permitted to make offers to purchase, and either such party is permitted to be the purchaser at any sale of, a Defaulted Whole Loan.

  • In addition to the consultation rights of a Companion Loan Holder (or its Companion Loan Holder Representative) provided in the immediately preceding paragraph, a Companion Loan Holder shall have the right to attend (in person or telephonically) annual meetings with the Special Servicer at the offices of the Special Servicer upon reasonable notice and at times reasonably acceptable to the Special Servicer in which servicing issues related to the related Whole Loan are discussed.


More Definitions of Companion Loan Holder Representative

Companion Loan Holder Representative. With respect to each Companion Loan that is part of a Serviced Whole Loan that is part of a Serviced Whole Loan, the related Non-Controlling Note Holder Representative (as defined in the related Co-Lender Agreement).

Related to Companion Loan Holder Representative