Examples of NREC in a sentence
In addition, on October 13, 2015, NREC formed the One Court Square REMIC with respect to part of the One Court Square Loan Combination, which issued three pro rata and pari passu regular interests (the “One Court Square REMIC A-1 Regular Interest”, the “One Court Square REMIC A-2 Regular Interest” and the “One Court Square REMIC A-3 Regular Interest (each, a “One Court Square REMIC Regular Interest”, and collectively, the “One Court Square REMIC Regular Interests”).
NREC, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder.
The portion of the VRR Interest that NREC is so purchasing from CGMRC on the Closing Date, as such portion of the VRR Interest may be exchanged pursuant to Section 5.13, is referred to in this Agreement as the “VRR2 Interest”.
On the Closing Date, pursuant to the VRR Interest Purchase Agreement, CGMRC is purchasing $22,556,995 of the VRR Interest for cash from the Depositor, NREC is purchasing $5,575,671 of the VRR Interest for cash from CGMRC, and PCC is purchasing $4,827,664 of the VRR Interest for cash from CGMRC, with CGMRC to retain the remaining $12,153,660 of the VRR Interest.
NREC, as Initial Agent, shall promptly and diligently attempt to cause the Servicer to act as successor Agent, and, if the Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent.
On March 31, 2016, NREC rejected the claim for breach of representation or warranty and noted that a title insurance policy was obtained from Chicago Title Insurance Company, which insures the first lien status of the Loan.
By: Name: Title: NREC: NexPoint Real Estate Capital, LLC By: Name: Title: and Assignment of Interests Agreement] NRESF Sub: NRESF REIT Sub, LLC By: Name: Title: NexPoint Capital REIT: NexPoint Capital REIT, LLC By: Name: Title: NexPoint Capital: NexPoint Capital, Inc.
The Trust Loan was sold and assigned by NREC, Column and CMB (collectively, in such capacity, the “Loan Sellers”) to the Depositor pursuant to a loan purchase and sale agreement, dated as of the date hereof, by and between the Loan Sellers and the Depositor (the “Loan Purchase Agreement”).
Note A-1-S1 GS Bank $170,000,000 Note A-2-S1 GACC $127,500,000 Note A-3-S1 NREC $127,500,000 Note A-1-C1 GS Bank $20,000,000 Note A-1-C2 GS Bank $10,000,000 Note A-1-C3 GS Bank $10,000,000 Note A-2-C1 GACC $15,000,000 Note A-2-C2 GACC $15,000,000 Note A-3-C1 NREC $15,000,000 Note A-3-C2 NREC $15,000,000 “Note Component” shall have the meaning assigned to such term in the preamble to this Agreement.
The Trust Loan and the Companion Loans are subject to the terms and conditions of the Co-Lender Agreement, dated as of May 23, 2018, between NREC, as holder of Note A-1-A, Note X-0-X-0, Xxxx X-0-X-0, Note X-0-X-0, Xxxx X-0-X-0, Note A-2-A-5, Note A-2-A-6 and Note A-B-1; Column, as holder of Note X-0-X, Xxxx X-0-X-0, Xxxx X-0-X-0, Note A-2-B-3, Note A-2-B-4 and Note A-B-2; and CMB, as holder of Note A-1-C, Note A-2-C-1, Note A-2-C-2-A, Note A-2-C-2-B and Note A-B-3 (the “Co-Lender Agreement”).