Examples of Portfolio Mortgage Loan in a sentence
The portion of the Base Servicing Fee relating to a Secondary Portfolio Mortgage Loan shall begin to accrue as of the commencement of the Collection Period in which the related Assignment Date occurs but in no event shall such portion accrue on any day on which the portion of the Base Servicing Fee relating to the Primary Portfolio Mortgage Loan in respect of which such Secondary Portfolio Mortgage Loan became a Secondary Portfolio Mortgage Loan also accrues.
There is no new activity to report at this time.Reported Additional Debt: With respect to the Selig Office Portfolio Mortgage Loan, in accordance with the terms of the related loan agreement, the borrower issued a promissory note to Goldman Sachs Bank USA, dated December 29, 2020, evidencing a $34,100,000 loan that is secured by the related Mortgaged Property and is pari passu with the Selig Office Portfolio Mortgage Loan.Item 1A.
On and after the Stamford Plaza Portfolio Controlling Pari Passu Companion Loan Securitization Date, the paying agent (if any) under the Non-Trust Pooling and Servicing Agreement relating to the Stamford Plaza Portfolio Mortgage Loan shall be a Non-Trust Paying Agent.
In the event that after designation as a Portfolio Mortgage Loan or Special Portfolio Mortgage Loan, Owner transfers such Mortgage Loan in connection with a Transfer, the parties shall determine another purchase price adjustment based upon the Pricing Matrix then in effect.
The Seller hereby agrees to sell, transfer, assign, set over and convey to the Purchaser on the Initial Closing Date, without recourse, but subject to the terms of this Agreement, all right, title and interest of the Seller in and to the Mortgage Loans set forth on the Initial Portfolio Mortgage Loan Schedule and the related Mortgage Files and all rights and obligations arising under the documents contained therein.