Serviced Companion Loans definition

Serviced Companion Loans shall have the meaning specified in the recitals hereto.
Serviced Companion Loans shall have the meaning specified in the recitals hereto. For the avoidance of doubt, there are no Serviced Companion Loans applicable to this Agreement and all such references shall be disregarded.
Serviced Companion Loans. Collectively, the Desert Passage Pari Passu Note A-2 and the Desert Passage Pari Passu Note A-3.

Examples of Serviced Companion Loans in a sentence

  • The Master Servicer, by execution and delivery of this Agreement, does hereby contract with the Primary Servicer, subject to the terms of this Agreement, for the servicing of the Mortgage Loans and the Serviced Companion Loans.

  • The Primary Servicer shall continue to be authorized to transact business in the state or states in which the Mortgaged Properties for the Mortgage Loans and the Serviced Companion Loans are situated, if and to the extent required by applicable law, except where the failure to so comply would not adversely affect the Primary Servicer’s ability to perform its obligations in accordance with the terms of this Agreement.

  • The Primary Servicer’s possession of any portion of the Servicing File or the Mortgage File shall be at the will of the Master Servicer and the Trustee for the sole purpose of facilitating the servicing or the supervision of servicing of the related Mortgage Loan and Serviced Companion Loans pursuant to this Agreement, and such retention and possession by the Primary Servicer shall be in a custodial capacity only.

  • The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans or the Serviced Companion Loans, as provided in Section 4.01 of this Agreement upon the occurrence of an Event of Default.

  • To the extent that the Master Servicer is required to provide any information to, or communicate with, any Rating Agency in accordance with its obligations under the Pooling and Servicing Agreement and such information or communication is regarding the Mortgage Loans or the Serviced Companion Loans or the primary servicing by the Primary Servicer under this Agreement, the Primary Servicer shall provide the information to the Master Servicer necessary for the Master Servicer to fulfill such obligations.

  • With respect to the responsibility of the Primary Servicer to service the Mortgage Loans and the Serviced Companion Loans hereunder, the Primary Servicer acknowledges that the Master Servicer has acted in reliance upon the Primary Servicer’s independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof.

  • The closing for the commencement of the Primary Servicer to perform the servicing responsibilities under this Agreement with respect to the Mortgage Loans and the Serviced Companion Loans shall take place on the Closing Date.

  • During the term of this Agreement, the Primary Servicer will also provide to the Master Servicer a copy of any lease, amendments to Mortgage Loan documents and other documents related to the Mortgaged Property securing the related Mortgage Loan (and the related Serviced Companion Loans) or related to the Mortgage Loan (and the related Serviced Companion Loans) as soon as possible after receipt or execution thereof, as applicable.

  • The Primary Servicer shall not communicate (orally or in writing) with any Rating Agency regarding any of the Mortgage Loan documents or any matter related to the Mortgage Loans, the Serviced Companion Loans, the related Mortgaged Properties, the related Mortgagors or any other matters in connection with the Certificates or pursuant to this Agreement or the Pooling and Servicing Agreement.

  • The determination as to the application of amounts collected in respect of any Mortgage Loan or the Serviced Companion Loans, in the absence of express provisions in the related Mortgage Loan documents or to the extent that such terms authorize the lender to use its discretion, shall be made by the Master Servicer.


More Definitions of Serviced Companion Loans

Serviced Companion Loans. With respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan), any mortgage loan that is secured by the related Mortgaged Property on a subordinate or pari passu basis with such Mortgage Loan. For the avoidance of doubt, the 666 Fifth Avenue Pari Passu Loans, the Downtown Plaza B Note, The Encxxxx X Xxxx, xxx Clarion LaGuardia Airpxxx Xxxxx X Xxxx xxx xxx Xxxxxxxx Xxaza B Note are the only Serviced Companion Loans. Upon their respective inclusion in a securitization transaction, the Downtown Plaza B Note and the Prospect Plaza B Note payments will be collected by the servicer of such securitization until the occurrence of a Material Default, as defined in the related Co-Lender Agreement, at which time Servicer No. 1 shall be responsible for collecting such payments under this Agreement.

Related to Serviced Companion Loans

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Companion Loan As defined in the Introductory Statement.

  • Whole Loan As defined in the Introductory Statement.

  • Companion Loan Holder The holder of a Companion Loan.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Companion Loan Rating Agency With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.