Examples of MGM Grand & Mandalay Bay Mortgage Loan in a sentence
Notwithstanding anything to the contrary herein, the Mortgage Loan Seller’s obligation in respect of a Material Defect with respect to the MGM Grand & Mandalay Bay Mortgage Loan shall be solely in respect of the Mortgage Loan Seller’s pro rata share of the MGM Grand & Mandalay Bay Mortgage Loan based on the Mortgage Loan Seller’s percentage interest as of the date hereof in the MGM Grand & Mandalay Bay Mortgage Loan.
If the Mortgage Note with respect to the MGM Grand & Mandalay Bay Mortgage Loan in favor of the Mortgage Loan Seller and its successors and assigns is repurchased or replaced by the Mortgage Loan Seller pursuant to this Section 5(a), and the other related mortgage note evidencing the MGM Grand & Mandalay Bay Mortgage Loan is not repurchased or replaced by Barclays Capital Real Estate Inc.
The Underwriting Instructions and Adjustmentsfor each Top 20 Mortgage Loan (as applicable) (except for the MGM Grand & Mandalay Bay Mortgage Loan, Millennium Corporate Park Mortgage Loan and the TTM Period for the 711 Fifth Avenue Mortgage Loan), we compared the physical occupancy rate for each Historical Period in the Source Documents listed above (as applicable) to the corresponding physical occupancy rates on the Underwriting File.
The Underwriting Instructions and Adjustmentsfor each Top 20 Mortgage Loan (as applicable), we compared the physical occupancy rate for each Historical Period (except for the MGM Grand & Mandalay Bay Mortgage Loan) in the Source Documents listed above (as applicable) to the corresponding physical occupancy rates on the Underwriting File.
The MGM Grand & Mandalay Bay Mortgage Loan is part of a Whole Loan that was co-originated by the Seller, Barclays Capital Real Estate Inc., Deutsche Bank AG, New York Branch and Societe Generale Financial Corporation.
Not perform the procedure described above for the TTM Period for the MGM Grand & Mandalay Bay Mortgage Loan, the 2017 Historical Period for the Pittock Block Mortgage Loan, the Historical 3 Year Period for the Station Park & Station Park West Mortgage Loan and the 2018 Historical Period for the Treasure Valley Marketplace Mortgage Loan.
The Underwriting Instructions and Adjustmentsfor each Top 15 Mortgage Loan (as applicable) (except for the MGM Grand & Mandalay Bay Mortgage Loan and Millennium Corporate Park Mortgage Loan), we compared the physical occupancy rate for each Historical Period in the Source Documents listed above (as applicable) to the corresponding physical occupancy rates on the Underwriting File.
Net operating income or net cash flow for each Specified Period (except for the TTM Period for the MGM Grand & Mandalay Bay Mortgage Loan, the 2017 Historical Period for the Pittock Block Mortgage Loan, the Historical 3 Year Period for the Station Park & Station Park West Mortgage Loan and the 2018 Historical Period for the Treasure Valley Marketplace Mortgage Loan) that is shown in the Source Documents listed above (as applicable) to the corresponding information on the Underwriting File.
The Seller is only selling to the Purchaser the related Mortgage Note(s) in favor of the Seller (or one of its affiliates) and its successors and assigns in the original principal amount of $50,000,000 with respect to the MGM Grand & Mandalay Bay Mortgage Loan, representing the 66.7% pari passu interest of the Seller in the MGM Grand & Mandalay Bay Mortgage Loan (and only such Mortgage Note(s) will constitute a “Mortgage Loan” or “Mortgage Note(s)” hereunder).
Not perform the procedure described above for the TTM Period for the MGM Grand & Mandalay Bay Mortgage Loan and the 2017 Historical Period for the Pittock Block Mortgage Loan.