Companion Loan Trustee definition
Examples of Companion Loan Trustee in a sentence
If and to the extent such information is not already included in the Distribution Date Statement for the month in which such Monthly Payment Advance is made, the Servicer shall notify each Companion Loan Servicer, Companion Loan Special Servicer and Companion Loan Trustee of the amount of any Monthly Payment Advance made pursuant to this Section 3.21(a) within two (2) Business Days of making such advance.
Following notification from the Special Servicer of any Appraisal Reduction Amount, the Servicer and the Trustee shall notify the Companion Loan Servicer and Companion Loan Trustee of the existence of an Appraisal Reduction Event and any related Appraisal Reduction Amount.
Each Companion Loan Servicer shall be entitled to enforce the rights of the Companion Loan Trustee with respect to the related Companion Loan under this Agreement and the Co-Lender Agreement.
Each Companion Loan Servicer shall be entitled to enforce the rights of the Companion Loan Trustee with respect to the Companion Loan under this Agreement and the Agreement Between Note Holders.