Serviced Pari Passu Companion Loan definition

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

Serviced Pari Passu Companion Loan. With respect to any Serviced Loan Combination, any related mortgage note not included in the Trust that is serviced under this Agreement and that is generally payable on a pari passu basis with a Mortgage Loan included in the Trust to the extent set forth in the related Intercreditor Agreement. Each of the Walgreens Portfolio Pari Passu Companion Loans and the Xxxxx Xxxx/San Xxxxx Xxxx Passu Companion Loan shall be a Serviced Pari Passu Companion Loan.

Serviced Pari Passu Companion Loan. With respect to any Serviced Loan Combination, any related mortgage note not included in the Trust that is serviced under this Agreement and that is generally payable on a pari passu basis with a Mortgage Loan included in the Trust to the extent set forth in the related Intercreditor Agreement. Each of the Bank of America Plaza Pari Passu Companion Loans and the Columbus Square Portfolio Pari Passu Companion Loans shall be a Serviced Pari Passu Companion Loan. Prior to the Stamford Plaza Portfolio Controlling Pari Passu Companion Loan Securitization Date, each Stamford Plaza Portfolio Pari Passu Companion Loan shall be a Serviced Pari Passu Companion Loan, and on and after the Stamford Plaza Portfolio Controlling Pari Passu Companion Loan Securitization Date, each Stamford Plaza Portfolio Pari Passu Companion Loan shall no longer be a Serviced Pari Passu Companion Loan.

Examples of Serviced Pari Passu Companion Loan in a sentence

• Any Serviced Pari Passu Companion Loan that is part of a Defaulted Serviced Loan Combination is to be sold together with the related Mortgage Loan, subject to this Section 3.17 and any additional requirements set forth in the related Co-Lender Agreement.

• Furthermore, to the extent attributable to any Serviced Pari Passu Companion Loan or any REO Mortgage Loan with respect thereto, the Master Servicing Fee shall cease to accrue if a Liquidation Event occurs in respect of the related Mortgage Loan.

• To the extent that the Mortgage File relates to a Mortgage Loan that is part of a Serviced Loan Combination, the Custodian shall also hold such Mortgage File in trust for the use and benefit of the related Serviced Pari Passu Companion Loan Holder(s).

• Any Appraisal Reduction Amounts with respect to each Serviced Loan Combination shall be allocated, first, to any related Serviced Subordinate Companion Loan (up to the outstanding principal balance thereof), and then, to the related Serviced Mortgage Loan and any related Serviced Pari Passu Companion Loan(s), on a pro rata and pari passu basis in accordance with the respective outstanding principal balances of such related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan.

• No expenses incurred in connection with preparing or recording any instrument of satisfaction or deed of reconveyance shall be chargeable to the Collection Account, the Serviced Pari Passu Companion Loan Custodial Account or the Distribution Account.

More Definitions of Serviced Pari Passu Companion Loan

Serviced Pari Passu Companion Loan. Each of (a) the D.C. Office Portfolio Pari Passu Companion Loan, (b) the One West 34th Street Pari Passu Companion Loans, (c) the American Greetings HQ Pari Passu Companion Loans and (d) the Ralph’s Food Warehouse Portfolio Pari Passu Companion Loan.

Serviced Pari Passu Companion Loan. Each of the Bass Pro & Cabela’s Portfolio Pari Passu Companion Loans, the Cabela’s Industrial Portfolio Pari Passu Companion Loans and the Xxxxxxxxx Companion Loans (prior to the related Servicing Shift Securitization Date).

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Pari Passu Loan Combination. The only Serviced Pari Passu Companion Loans related to the Trust as of the Closing Date are the 5 Penn Plaza Companion Loans, the Sheraton Denver Downtown Fee Companion Loan, the Austin Block 21 Companion Loan and the Park Place Companion Loan.

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Pari Passu Loan Combination. The only Serviced Pari Passu Companion Loans related to the Trust as of the Closing Date are the Xxxxxxx Place Google Companion Loans, the 000 Xxxxxxxxxx Xxxxxx Companion Loans and the State Farm Data Center Companion Loan, the Summit Place Wisconsin Companion Loan and the Parts Consolidation Center Companion Loan. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Controlling Pari Passu Companion Loan Securitization Date.

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Pari Passu Loan Combination. The only Serviced Pari Passu Companion Loans related to the Trust as of the Closing Date are the Empire Mall Companion Loans, the Marriott Midwest Portfolio Companion Loan, the 000 Xxxxxxxx Companion Loans, the 00 Xxxxxxx Xxxxxx Companion Loan, the GFH Xxxxxxx Industrial Portfolio Companion Loan, the Marriott Monterey Companion Loan and the Home Depot - Elk Grove Village Companion Loan. The 000 Xxxxxxxx Loan Companion Loans will cease to be Serviced Pari Passu Companion Loans on and after the 000 Xxxxxxxx Controlling Note Securitization Date. The Home Depot - Elk Grove Village Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the Home Depot - Elk Grove Village Controlling Note Securitization Date.

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Pari Passu Loan Combination. The only Serviced Pari Passu Companion Loans related to the Trust as of the Closing Date are the Xxxx-Xxxx Short Hills Office Portfolio Companion Loans, the Key Center Cleveland Companion Loans, the Scripps Center Companion Loan, the Xxxxxxxx Crossing Companion Loan, the Atlanta and Anchorage Hotel Portfolio Companion Loans, the Urban Union - Amazon Pari Passu Companion Loan and the Broadway Portfolio Companion Loan. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

Serviced Pari Passu Companion Loan. A Pari Passu Companion Loan that is part of a Serviced Pari Passu Loan Combination. The only Serviced Pari Passu Companion Loans related to the Trust as of the Closing Date are the Xxxxxxx Park Phase One & Two Companion Loans and the Hilton Garden Inn Athens Downtown Companion Loan.