Serviced Whole Loan Paying Agent definition

Serviced Whole Loan Paying Agent. GMAC Commercial Mortgage Corporation, in its capacity as the Serviced Whole Loan Paying Agent under this Agreement, its successor in interest, or any successor Serviced Whole Loan Paying Agent appointed as herein provided.
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Examples of Serviced Whole Loan Paying Agent in a sentence

  • The Serviced Whole Loan Paying Agent shall have no liability to any Person for the provision of any such names and addresses.

  • All income and gain realized from the investment of funds deposited in such Serviced Companion Loan Distribution Account shall be for the benefit of the Serviced Whole Loan Paying Agent; provided that the Serviced Whole Loan Paying Agent shall be responsible for the amount of any Net Investment Loss (net of Net Investment Earnings) in respect of such Permitted Investments.

  • VI-1 This Pooling and Servicing Agreement (this "Agreement"), is dated and effective as of June 1, 2005, among GMAC COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor, GMAC COMMERCIAL MORTGAGE CORPORATION, as Master Servicer and Serviced Whole Loan Paying Agent, GMAC COMMERCIAL MORTGAGE CORPORATION, as Special Servicer, LASALLE BANK NATIONAL ASSOCIATION, as Trustee, and ABN AMRO BANK N.V., as Fiscal Agent.

  • Funds in the Serviced Companion Loan Distribution Accounts may be invested in Permitted Investments for the account of the Serviced Whole Loan Paying Agent.

  • The Serviced Whole Loan Paying Agent shall give notice to the Master Servicer of the location of each Serviced Companion Loan Distribution Account as of the Closing Date and of the new location of any Serviced Companion Loan Distribution Account prior to any change thereof.

  • The Serviced Whole Loan Paying Agent shall maintain a register (the "Serviced Whole Loan Holder Register") on which it will record the names and addresses of the Serviced Companion Loan Holders and the Serviced B Note Holders and wire transfer instructions for such Serviced Companion Loan Holders and Serviced B Note Holders from time to time, to the extent such information is provided in writing to it by such Serviced Companion Loan Holder or Serviced B Note Holders.

  • In no event shall the Serviced Whole Loan Paying Agent be obligated to pay any party the amounts payable to a Serviced Companion Loan Holder hereunder other than the party listed as the applicable Serviced Companion Loan Holder on the Serviced Whole Loan Holder Register.

  • In the event that a Serviced Companion Loan Holder or a Serviced B Note Holder transfers the related Serviced Companion Loan or Serviced B Note without notice to the Serviced Whole Loan Paying Agent, the Serviced Whole Loan Paying Agent shall have no liability whatsoever for any misdirected payment on such Serviced Companion Loan or Serviced B Note and shall have no obligation to recover and redirect such payment.

  • The Serviced Whole Loan Paying Agent shall give notice to the Master Servicer of the location of each Serviced Companion Loan Distribution Account and Serviced B 156 Note Distribution Account as of the Closing Date and of the new location of any Serviced Companion Loan Distribution Account or Serviced B Note Distribution Account prior to any change thereof.

  • All income and gain realized from the investment of funds deposited in such accounts shall be for the benefit of the Serviced Whole Loan Paying Agent; provided that the Serviced Whole Loan Paying Agent shall be responsible for the amount of any Net Investment Loss (net of Net Investment Earnings) in respect of such Permitted Investments.

Related to Serviced Whole Loan Paying Agent

  • 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 Holder A holder of a Serviced Pari Passu Companion Loan.

  • Serviced Companion Loan A 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 Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.

  • Serviced Companion Loan Holder The holder of a Serviced Companion Loan.

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Pari Passu Companion Loan A Companion Loan that, pursuant to the related Loan Documents and/or the related Co-Lender Agreement, is pari passu in right of payment to the related Split Mortgage Loan. The only Pari Passu Companion Loans related to the Trust as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Companion Loan As defined in the Introductory Statement.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Companion Loan Holder The holder of a Companion Loan.

  • Companion Loan Rating Agency With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Whole Loan As defined in the Introductory Statement.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Noteholder Servicing Fee is defined in Section 3.1.

  • Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.