Interest Reserve Loans definition

Interest Reserve Loans means the Mortgage Loans which bear interest other than on the basis of a 360-day year consisting of twelve (12) 30-day months.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Interest Reserve Loans. Any Mortgage Loan bearing interest computed on an actual/360 basis.

Interest Reserve Loans means the Mortgage Loans which bear interest other than on the basis of a 360-day year consisting of twelve 30-day months.

Examples of Interest Reserve Loans in a sentence

As and when required pursuant to Section 3.05(c), the Certificate Administrator shall transfer Interest Reserve Amounts in respect of the Interest Reserve Loans from the Interest Reserve Account to the Distribution Account.
As and when required pursuant to Section 3.05(c), the Trustee shall transfer Interest Reserve Amounts in respect of the Interest Reserve Loans from the Interest Reserve Account to the Distribution Account.
On or prior to the Closing Date, in respect of the Interest Reserve Loans, the Trustee shall open, or cause to be opened, and shall maintain, or cause to be maintained an additional separate account or accounts in the name of "U.S. Bank National Association, as Trustee, in trust for the Holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certi▇▇▇▇▇▇s, ▇▇▇▇▇s 2007-IQ13" (the "Interest Reserve Account").
As and when required pursuant to SECTION 3.05(C), the Trustee shall transfer Interest Reserve Amounts in respect of the Interest Reserve Loans from the Interest Reserve Account to the Distribution Account.
On or prior to the Closing Date, in respect of the Interest Reserve Loans, the Paying Agent shall open, or cause to be opened, and shall maintain, or cause to be maintained an additional separate account or accounts in the name of "LaSalle Bank National Association, as Paying Agent, in trust for the Holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certi▇▇▇▇▇▇s, ▇▇▇▇▇s 2006-IQ12" (the "Interest Reserve Account").

More Definitions of Interest Reserve Loans

Interest Reserve Loans means the Mortgage Loans which bear interest on an actual/360 day basis.

Interest Reserve Loans. The Actual/360 Mortgage Loans.

Interest Reserve Loans. The General Motors Building Mortgage Loan, the ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Mortgage Loan and any Mortgage Loan bearing interest computed on an actual/360 basis.

Interest Reserve Loans. The Swiss Bank Tower Loan.

Interest Reserve Loans means the Mortgage Loans set forth on Schedule III attached hereto.

Interest Reserve Loans. The Mortgage Loans identified as the Saracen, B▇▇▇▇▇▇ Pacific, M&H, Lakeside and Ambassador loans on the Mortgage Loan Schedule.

Interest Reserve Loans. The Mortgage Loans designated as Mortgage Loan ID numbers 3, 7, 9, 19, 26, 27, 31, 37, 43, 51 and 63 on the Mortgage Loan Schedule.