Examples of Serviced Loan Group in a sentence
Any sale of REO Property related to a Serviced Loan Group shall be subject to and in accordance with the related Co-Lender Agreement.
Any transfer of Mortgage Loans, except in the case of the Serviced Loan Group Trust Mortgage Loans, pursuant to this paragraph shall be on a servicing-released basis; and, if any Mortgage Loan purchased pursuant to this Section 9.01 is a Serviced Loan Group Trust Mortgage Loan, the release, endorsement or assignment of the documents constituting the related Mortgage File and Servicing File shall be in the manner contemplated by Section 3.26 hereof.
The applicable Special Servicer, on behalf of the Trust (and, if in connection with a Serviced Loan Group, the holder of the related Serviced Companion Loan), shall sell the REO Property expeditiously, but in any event within the time period, and subject to the conditions, set forth in Section 9.15.
Surcharge loads values shall not be less than those specified in AASHTO LRFD Section 3.11.6. 1 .
The Paying Agent shall provide or make available electronically at no cost to the Certificateholders or Certificate Owners, the Rating Agencies, the Operating Adviser, the Depositor, the Placement Agent, the Underwriters and, solely as it relates to a Serviced Loan Group, the holder of the related Serviced Companion Loan, the Operating Statement Analysis Reports, the Financial Files and the NOI Adjustment Worksheets described above pursuant to Section 5.4(a).
The Master Servicer shall promptly forward the applicable Inspection Report to the Trustee, the Special Servicer, the Rating Agencies, the Placement Agent, the Underwriters, the Depositor, the Paying Agent, the Operating Adviser, any Certificate Owner, solely as it relates to the Serviced Loan Group, the holder of the Serviced Companion Loan, any Seller and any Primary Servicer.
Such determination by the Master Servicer or the Special Servicer shall be conclusive and binding on the Trustee, the Fiscal Agent and the Certificateholders and, with respect to the Serviced Loan Group, to the holder of the Serviced Companion Loan.
The Special Servicer, on behalf of the Trust (and/or the holder of the Serviced Companion Loan with respect to the Serviced Loan Group), shall sell the REO Property expeditiously, but in any event within the time period, and subject to the conditions, set forth in Section 9.15.
Such flood insurance shall be in an amount equal to the lesser of (i) the unpaid principal balance of the related Mortgage Loan and, in the case of the Serviced Loan Group, plus the unpaid principal balance of the Serviced Companion Loan, or (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program, if the area in which the improvements on the Mortgaged Property are located is participating in such program.
Subject to Section 9.15, the Special Servicer shall manage, conserve, protect and operate the REO Property for the holders of beneficial interests in the Trust (and/or the holder of the Serviced Companion Loan with respect to the Serviced Loan Group) solely for the purpose of its prompt disposition and sale.