Examples of Trust Loan Purchase Agreement in a sentence
No Work-out Fee shall be payable to the Special Servicer if any related mezzanine lender purchases the Mortgage Loan pursuant to the related mezzanine intercreditor agreement or similar agreement or any Loan Seller repurchases its Loan Seller Percentage Interest in the Trust Loan or makes a Loss of Value Payment pursuant to the related Trust Loan Purchase Agreement.
On the Closing Date, pursuant to the CREFI Trust Loan Purchase Agreement, CREFI shall receive, as partial consideration for its sale to the Depositor of 40% of the Mortgage Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $4,284,000, representing approximately 40% (by principal balance) of the entire Combined VRR Interest as of the Closing Date (the “CREFI VRR Interest Portion”).
In order to ensure that the environmental approval process was as transparent as possible from the beginning, the decision was made to re-submit the adjusted Project to the SEIA.
I fully understand that no other information than this document is necessary to release this information.
All portions of the Loan File and (to the extent provided under the Trust Loan Purchase Agreement) other documents pertaining to the Trust Loan shall be endorsed or assigned to the extent necessary or appropriate to the purchaser of the Trust Loan in its capacity as the holder of the Trust Notes (as a result of such purchase, repurchase or substitution) and (except for the actual Trust Notes) on behalf of the holders of the Companion Loan Notes.
On the Closing Date, pursuant to the BANA Trust Loan Purchase Agreement, BANA shall receive, as partial consideration for its sale to the Depositor of approximately 30% of the Trust Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $3,750,000, representing approximately 30% (by principal balance) of the entire VRR Interest as of the Closing Date (the “BANA VRR Interest Portion”).
Each Trust Loan Seller will in its respective Trust Loan Purchase Agreement make, with respect to its respective Trust Loan Seller Percentage Interest in the Trust Loan, certain limited representations and warranties as set forth in “Annex B—Trust Loan Seller Representations and Warranties” to this Offering Circular, as of the Closing Date, or as of such other date specifically provided in the applicable representation and warranty.
On the Closing Date, pursuant to the BMO Xxxxxx Trust Loan Purchase Agreement, BMO Xxxxxx shall receive, as partial consideration for its sale to the Depositor of approximately 30% of the Trust Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $3,750,000, representing approximately 30% (by principal balance) of the entire VRR Interest as of the Closing Date (the “BMO Xxxxxx VRR Interest Portion”).
On the Closing Date, pursuant to the CREFI Trust Loan Purchase Agreement, CREFI shall receive, as partial consideration for its sale to the Depositor of approximately 40% of the Trust Loan, Class VRR Certificates with an initial aggregate Certificate Balance of $5,000,000, representing approximately 40% (by principal balance) of the entire VRR Interest as of the Closing Date (the “CREFI VRR Interest Portion”).
On the Closing Date, pursuant to the Trust Loan Purchase Agreement, CREFI shall receive, as partial consideration for its sale to the Depositor of that portion of the Mortgage Loan evidenced by Note A-1 and Note B, Class VRR Certificates with an initial aggregate Certificate Balance of $17,500,000.