Underlying Mortgage Loan means, with respect to any B-Note, Junior Interest, Mezzanine Loan, CMBS or CRE CDO, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means, with respect to any B-Note, Participation Interest, Mezzanine Loan or CMBS, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means, (a) with respect to any Participation Interest, a mortgage loan made in respect of the related Underlying Mortgaged Property and (b) with respect to any Mezzanine Loan, the mortgage loan made to the borrower whose Capital Stock, or whose direct or indirect parent’s Capital Stock, comprises the security for such Mezzanine Loan.
Examples of Underlying Mortgage Loan in a sentence
In the case of each Underlying Mortgage Loan as to which interest is calculated on an actual/360 basis, the related Interest Reserve Amounts received for each December Interest Accrual Period (other than in a year that immediately precedes a leap year) and January Interest Accrual Period shall be held in the Certificate Account for distribution on the first March Distribution Date that follows such Interest Accrual Period(s).
More Definitions of Underlying Mortgage Loan
Underlying Mortgage Loan means, with respect to any Senior Mortgage Loan or Junior Mortgage Loan that is a participation interest or any Mezzanine Loan, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan. With respect to any Junior Interest, Mezzanine Loan, Preferred Equity, CMBS, RMBS, Non-Controlling Interest or Pass-Through Interest, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means, with respect to any Participation Interest, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan means a Mortgage Loan for which the Participation Certificate evidences the Lender's ownership interest therein.
Underlying Mortgage Loan means a Mortgage Loan the bare legal title of which is owned by Guarantor and allocated to the Participation Interest.
Underlying Mortgage Loan means, with respect to any Junior Interest or Mezzanine Loan, a mortgage loan made in respect of the related Underlying Mortgaged Property.
Underlying Mortgage Loan. The conventional, fixed rate, fully amortizing and balloon, first lien residential mortgage loans included in Pool 2 of the Underlying Trust Fund as of the Closing Date.