Mortgage Loan Borrower Related Party definition

Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.
Mortgage Loan Borrower Related Party shall have the meaning given to the termBorrower Related Party” in the Lead Securitization Servicing Agreement.
Mortgage Loan Borrower Related Party. (i) prior to the Securitization Date, shall have the meaning assigned to the termBorrower Party” in the Model PSA or such other analogous term used in the Model PSA and (ii) from and after the Securitization Date, shall have the meaning assigned to the term “Borrower Party” in the Servicing Agreement or such other analogous term used therein.

Examples of Mortgage Loan Borrower Related Party in a sentence

Notwithstanding the foregoing, each Holder shall have the right, without the need to obtain the consent of any other Holder or of any other Person or having to provide any Rating Agency Confirmation, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note to an entity that is not the Mortgage Loan Borrowers or a Mortgage Loan Borrower Related Party.

Notwithstanding the foregoing, if either of the Mortgage Loan Borrowers or any Mortgage Loan Borrower Related Party is a Note B Holder (or holds a majority interest in a B Note), such Note B Holder shall not have the right to exercise the purchase option set forth in this Section 11(a).


More Definitions of Mortgage Loan Borrower Related Party

Mortgage Loan Borrower Related Party shall have the meaning (i) prior to the Securitization Date, assigned to such term or an analogous term in the Model TSA and (ii) from and after the Securitization Date, assigned to such term or an analogous term in the Securitization Servicing Agreement.
Mortgage Loan Borrower Related Party means with respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a Restricted Mezzanine Holder, (a) any other Person controlling or controlled by or under common control with such borrower, mortgagor, manager or Restricted Mezzanine Holder, as applicable, (b) and if the Lead Note is in a Securitization and is one of the 10 largest loans as calculated under the Lead PSA, any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such borrower, mortgagor or manager, as applicable, or (c) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Restricted Mezzanine Holder. For the purposes of this definition,
Mortgage Loan Borrower Related Party shall have the meaning given to the termBorrower Related Party” or any one or more analogous terms in the Lead Securitization Servicing Agreement.
Mortgage Loan Borrower Related Party means the Mortgage Loan Borrower, any Guarantor (as such term is defined in the Loan Agreement), any replacement guarantor required under the Loan Agreement or any of their respective Affiliates.
Mortgage Loan Borrower Related Party means (i) any Mortgage Loan Borrower or any other obligor(s) under a Note, any direct or indirect parent of the Mortgage Loan Borrower, any manager of the Mortgaged Property or any Affiliate of any of the foregoing, or (ii) any Accelerated Mezzanine Loan Lender or any Affiliate thereof.
Mortgage Loan Borrower Related Party. (i) prior to the Securitization Date, shall have the meaning assigned to such term in the Model PSA or such other analogous term used in the Model PSA and (ii) from and after the Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement; provided that if the definition of Borrower Party Affiliate (or analogous term) would include any Person (other than a borrower, a mortgagor, a manager of a Mortgaged Property, an accelerated mezzanine lender or any other Person controlling or controlled by or under common control with any borrower, mortgagor, manager or accelerated mezzanine lender) owning, directly or indirectly, less than 25% of the beneficial interests in such borrower, mortgagor, manager or accelerated mezzanine lender, such Person holding less than 25% shall be deemed not to be a Mortgage Loan Borrower Related Party.
Mortgage Loan Borrower Related Party means the Mortgage Loan Borrower, a manager of a Mortgaged Property, a Restricted Mezzanine Holder, or a Mortgage Loan Borrower Party Affiliate.