Examples of Senior Mortgage Loan in a sentence
The Borrower Representative shall (i) promptly notify Administrative Agent upon the establishment of the Core Asset Closing Date to the extent a date certain is not specified in the applicable Purchase Agreement, (ii) provide Administrative Agent with drafts of acquisition and Senior Mortgage Loan settlement statements, as such drafts become available and (iii) submit a final Funding Request once such settlement statements are finalized.
BorrowerBorrowers shall timely observe and perform (and shall cause each Depositor and each Owned DST (and its wholly owned Subsidiary) to timely observe and perform) all of the covenants and agreements required to be performed and/or observed by BorrowerBorrowers, the applicable Depositor and/or the applicable Owned DST (or its wholly owned Subsidiary) under any Contractual Obligations (including the Senior Mortgage Loan Documents), subject to any applicable notice and/or cure periods set forth therein.
In the event that Agent or Lenders make any payment in respect of a Senior Mortgage Loan as permitted herein, Agent and/or Lenders shall be subrogated to all of the rights of the applicable Senior Mortgage Lender under the Senior Mortgage Loan Documents against the Core Asset, and the Owned DST (and its wholly owned Subsidiary) and any Loan Party, in addition to all other rights it may have under the Loan Documents.
Sl.No. SCHEDULE OF INSTRUCTION FOR THE THEORY COMPONENT: Sl. No3.
The Trustee, by the execution and delivery of this Agreement, hereby agrees that each Senior Mortgage Loan and each Serviced Companion Loan remains subject to its related Co-Lender Agreement.