Servicing Shift Mortgage Loan definition

Servicing Shift Mortgage Loan. With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the pooling and servicing agreement entered into in connection with the securitization of the related Servicing Shift Lead Note on and after the date of such securitization. Each of the Mortgage Loans identified as “Servicing Shift” under the column entitledType” in the “Whole Loan” chart in the Preliminary Statement will be a Servicing Shift Mortgage Loan related to the Trust as of the Closing Date.
Servicing Shift Mortgage Loan. With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the related Non-Serviced PSA entered into in connection with the securitization, if any, of the related Servicing Shift Lead Note on the related Servicing Shift Securitization Date. As of the Closing Date, the Corporate Woods Portfolio Mortgage Loan and the Moffett Place B4 Mortgage Loan will be a Servicing Shift Mortgage Loan related to the Trust. After all Servicing Shift Securitization Dates, there will be no Servicing Shift Mortgage Loan related to the Trust.

Examples of Servicing Shift Mortgage Loan in a sentence

  • In addition, the Operating Advisor (when it is an applicable Consulting Party) will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

  • From and after the sale of the Mortgage Loans to the Purchaser, record title to each Mortgage (other than with respect to any Mortgage Loan that is a Non-Serviced Mortgage Loan and, subject to Section 2.01(j) of the Pooling and Servicing Agreement, each Servicing Shift Mortgage Loan) and each Mortgage Note shall be transferred to the Trustee subject to and in accordance with this Agreement.

  • In addition, after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, the Operating Advisor will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

  • In addition, after the occurrence and during the continuance of a Control Termination Event, the Operating Advisor will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

  • With respect to each Servicing Shift Mortgage Loan, on and after the related Servicing Shift Securitization Date, there will be no Loan-Specific Directing Certificateholder with respect to such Servicing Shift Whole Loan.


More Definitions of Servicing Shift Mortgage Loan

Servicing Shift Mortgage Loan. A Mortgage Loan that is part of a Servicing Shift Whole Loan.
Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. For the avoidance of doubt, there is no Servicing Shift Mortgage Loan relating to the Trust and, therefore, all references in this Agreement to “Servicing Shift Mortgage Loan” shall be disregarded.
Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination. The only Servicing Shift Mortgage Loans related to the Trust as of the Closing Date are the Atlanta and Anchorage Hotel Portfolio Mortgage Loan, the Urban Union - Amazon Mortgage Loan and the Broadway Portfolio Mortgage Loan.
Servicing Shift Mortgage Loan. Any Mortgage Loan that is part of a Servicing Shift Loan Combination.
Servicing Shift Mortgage Loan. Any Mortgage Loan related to a Servicing Shift Whole Loan.
Servicing Shift Mortgage Loan. A Mortgage Loan that is part of a Servicing Shift Whole Loan. For the avoidance of doubt, there are no Servicing Shift Mortgage Loans related to the Trust as of the Closing Date.