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 assigned to such term in Section 18.

Mortgage Loan Borrower Related Party shall have the meaning given to the term “Borrower Related Party” in the Lead Securitization Servicing Agreement.

Examples of Mortgage Loan Borrower Related Party in a sentence

• Notwithstanding the foregoing, each Note Holder shall have the right, without the need to obtain the consent of any other Note Holder or of any other Person or having to provide any Rating Agency Confirmation or Rating Agency Communication, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note, other than to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party.

• Notwithstanding anything to the contrary herein, neither the Mortgage Loan Borrower nor any Mortgage Loan Borrower Related Party may make an offer or purchase the Specially Serviced Mortgage Loan or the REO Property pursuant hereto.

• 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 Borrower or a Mortgage Loan Borrower Related Party.

• Notwithstanding the foregoing, without the Lead Securitization Noteholder’s prior consent, which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion, no Subordinate Noteholder shall Transfer all or any portion of its Note to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.

• The Operating Advisor may be any Person, including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder, any Affiliate of the Controlling Noteholder or any other unrelated third party; provided that the Operating Advisor may not be a Mortgage Loan Borrower Related Party.

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 the Mortgage Loan Borrower, a manager of a Mortgaged Property, a Restricted Mezzanine Holder, or a Mortgage Loan Borrower Party Affiliate.

Mortgage Loan Borrower Related Party. (i) prior to the Securitization Date, shall have the meaning assigned to the term “Borrower 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.

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 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 shall have the meaning assigned to such term or an analogous term in the 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, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing..