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 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.

  • Schedule 2-A EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES REGARDING INDIVIDUAL MORTGAGE LOANS Exhibit 1 ID# Mortgage Loan Representation Exception 6 2600 Redondo (1) Whole Loan; Ownership of Mortgage Loans (2) Mortgage Loan Document Status (5) Lien; Valid Assignment The Mortgaged Property is subject to a ground lease between the Mortgagor, as lessor, and the County of Los Angeles (the “County”), as lessee.

  • SCHEDULE I LB-UBS 2007-C1 EXCEPTIONS TO REPRESENTATIONS AND WARRANTIES -------------------------------------------------------------------------------- REPRESENTATION FROM SCHEDULE II PROPERTY AND EXCEPTION -------------------------------------------------------------------------------- (v) Loan Document Status 0000 Xxxxxxxx.

  • 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.

  • Briefly summarize the Borrower Request and Counsel’s recommendations.] Loan Document Status There have been no amendments/modifications to the Loan Documents since the Closing Date.

  • In the US, growth is expected to decline from 2.9% in 2018 to 2.6% in 2019 and to 1.9% in 2020.

  • The following are the exceptions for the Xxxxxx loans to the Representations and Warranties for the above-referenced transaction: -------------------------------------------------------------------------------- REPRESENTATION FROM PROPERTY AND EXCEPTION SECTION 2.04 -------------------------------------------------------------------------------- (v) Loan Document Status 0000 Xxxxxxxxxxxx Xxxxxx and Xxxxxx Xxxxxxxxxx University Hotel Portfolio.

  • REPRESENTATION FROM SECTION 2.04 Property and Exception -------------------------------------------------------------------------------- (v) Loan Document Status 285 & 000 Xxxxxxxxx Xxxxxx.

  • 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.

  • 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.

Related to Loan Document Status

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Severed Loan Documents shall have the meaning set forth in Section 8.2(c) hereof.

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” as defined in the Second Lien Credit Agreement.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Loan Document means this Agreement, each Note, the Guaranty, each Letter of Credit Document and each other document or instrument now or hereafter executed and delivered by a Loan Party in connection with, pursuant to or relating to this Agreement (other than the Fee Letter and any Specified Derivatives Contract).

  • Term Loan Documents means the “Loan Documents” as defined in the Term Loan Credit Agreement.

  • Required Loan Documents means, for each Loan Asset, originals (except as otherwise indicated) of the following documents or instruments, all as specified on the related Loan Asset Checklist:

  • DIP Loan Documents means, collectively, the DIP Credit Agreement and all other agreements, documents, and instruments delivered or entered into in connection therewith, including any guarantee agreements, pledge and collateral agreements, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • Borrower Loan Documents shall have the meaning given such term in the Borrower Loan Agreement.

  • Financing Document means any credit agreement, guarantee, financing or security agreement or other agreements or instruments governing indebtedness of the Company or any of the Company Subsidiaries.

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • Subordinated Loan Documents means at any time the agreements and other documents then governing the Subordinated Indebtedness.

  • Credit Document means any of this Agreement, the Revolving Loan Notes, if any, the Collateral Documents, the Asset Purchase Agreement, any Receivables Purchase Agreement, the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and all other documents, instruments or agreements executed and delivered by Company or Holdings for the benefit of any Agent or any Lender in connection herewith.

  • ABL Loan Documents means the “Loan Documents” as defined in the ABL Credit Agreement.

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

  • Loan Document Obligations means (a) the due and punctual payment by the Borrower of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower under this Agreement and each of the other Loan Documents, including obligations to pay fees, expense reimbursement obligations (including with respect to attorneys’ fees) and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Borrower under or pursuant to this Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to each of the Loan Documents (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), in each case of clauses (a), (b) and (c), whether now or hereafter owing.

  • Mezzanine Loan Documents means all documents or instruments evidencing, securing or guaranteeing the Mezzanine Loan, including without limitation, the Mezzanine Loan Agreement.

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • Senior Credit Documents means the collective reference to the Credit Agreement, the notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented or otherwise modified from time to time.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.