OP Tracking Loan definition
OP Tracking Loan means a loan advanced by the Partnership to the General Partner which loan is used by the General Partner to finance the acquisition of an AH4R REMIC Regular Interest. The terms and conditions of the OP Tracking Loan shall be substantially similar to the terms and conditions of the AH4R REMIC Regular Interest financed by the OP Tracking Loan. In addition, the Partnership’s sole recourse for repayment of the OP Tracking Loan shall be from payments received by the General Partner with respect to the related AH4R REMIC Regular Interest and from proceeds from the sale by the General Partner of the related AH4R REMIC Regular Interest. The term OP Tracking Loan shall include the loan made by the Partnership to the General Partner to finance the General Partner’s acquisition of the Class F Certificates issued by American Homes 4 Rent 2014-SFR2 Trust, a New York common law trust.