Loan Document Status definition

Loan Document Status. Each Mortgage Note, Mortgage, Assignment of Leases and other agreement that evidences or secures such Mortgage Loan and was executed by or on behalf of the related Mortgagor or any guarantor of any non-recourse exceptions and environmental liability is the legal, valid and binding obligation of the maker thereof (subject to any non-recourse provisions contained in any of the foregoing agreements and any applicable state anti-deficiency or market value limit deficiency legislation), enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally, and by general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law) and there is no valid defense, counterclaim or right of offset or rescission available to the related Mortgagor with respect to such Mortgage Note, Mortgage or other agreement.
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Examples of Loan Document Status in a sentence

  • The following are the exceptions for the ▇▇▇▇▇▇ loans to the Representations and Warranties for the above-referenced transaction: -------------------------------------------------------------------------------- REPRESENTATION FROM PROPERTY AND EXCEPTION SECTION 2.04 -------------------------------------------------------------------------------- (v) Loan Document Status ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ University Hotel Portfolio.

  • Miami Center No guaranty of the recourse obligations of the borrower has been provided by any entity or Loan Document Status natural person.

  • See the entries in section "(v) Loan Document Status" for a list of the exceptions related to the parties who are liable on the environmental indemnities and certain other matters related to the environmental indemnity.

  • SCHEDULE I LB-UBS 2007-C1 EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES -------------------------------------------------------------------------------- REPRESENTATION FROM SCHEDULE II PROPERTY AND EXCEPTION -------------------------------------------------------------------------------- (v) Loan Document Status ▇▇▇▇ ▇▇▇▇▇▇▇▇.

  • Loan Document Status 280 Metro Center; GIC Office Portfolio; Inland Center; Portsmouth Station; Shops at Cumberland Place; South Oaks; Voice Road Shopping Center.

  • The recourse carveout guaranty is from Loan Document Status The Chevy Chase Land Company of ▇▇▇▇▇▇▇▇▇▇ County, Maryland, a Maryland corporation.

  • Mary's Medical The loan is recourse to a principal for $812,000 until a debt service coverage ratio (calculated on a trailing 12 month basis Loan Document Status and calculated using a 30 year amortization schedule) of 1.20x is reached.

  • SCHEDULE III EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES OF THE DEPOSITOR REPRESENTATION FROM SCHEDULE II PROPERTY AND EXCEPTION ------------------------------- ---------------------------------------------- Mortgage Loan Schedule Legal Compliance Ownership of Mortgage Loan No Holdback Loan Document Status Watergate 600.

  • The loan is full recourse until a 1.20x debt service coverage ratio (on a trailing 6 month Loan Document Status basis and calculated using a 30 year amortization schedule) is reached.