Examples of Xxxxxx Trust Mortgage Loan in a sentence
In the case of any Xxxxxx Trust Mortgage Loan secured by a hotel, the related loan documents contain such provisions as are necessary and UCC financing statements have been filed as necessary, in each case, to perfect a valid first priority security interest, to the extent such security interest can be perfected by the inclusion of such provisions and the filing of a UCC financing statement, in the Mortgagor's right to receive related hotel room revenues with respect to such Mortgaged Property.
After the expiration of 24 months following the Closing Date, the material and adverse effect of any Document Defect or Breach that was not the subject of another Seller/Depositor Notification received by the Depositor (in the case of a Xxxxxx Trust Mortgage Loan) or the UBS Mortgage Loan Seller (in the case of a UBS Trust Mortgage Loan), in accordance with the provisions of this Section 2.03, within 24 months of the Closing Date, shall be determined as of the date of such Seller/Depositor Notification.
Except in the case of the Trust Mortgage Loans listed on Schedule III (xxvii), such Mortgage Loan, together with any other Xxxxxx Trust Mortgage Loan made to the same Mortgagor or to an Affiliate of such Mortgagor, does not represent more than 5% of the Initial Pool Balance.
Provided that any Seller/Depositor Notification with respect to a Material Document Defect or Material Breach is received by the Depositor (in the case of a Xxxxxx Trust Mortgage Loan) or the UBS Mortgage Loan Seller (in the case of a UBS Trust Mortgage Loan), in accordance with the provisions of this Section 2.03, within 24 months of the Closing Date, the material and adverse effect of the subject Document Defect or Breach shall be determined as of the date of the Mortgage Loan Purchase Agreements.
Except in the case of the Xxxxxx Trust Mortgage Loans secured by the Mortgaged Properties identified on the Trust Mortgage Loan Schedule as 1301 Avenue of the Americas and Chapel Hills Mall, respectively, such Mortgage Loan, together with any other Xxxxxx Trust Mortgage Loan made to the same Mortgagor or to an Affiliate of such Mortgagor, does not represent more than 5% of the Initial Pool Balance.
Except in the case of the Trust Mortgage Loans listed on Schedule III - (xxvii), such Mortgage Loan, together with any other Xxxxxx Trust Mortgage Loan made to the same Mortgagor or to an Affiliate of such Mortgagor, does not represent more than 5% of the Initial Pool Balance.
Any transfer of Trust Mortgage Loans pursuant to this paragraph, except in the case of the 000 Xxxxx Xxxxxx Trust Mortgage Loan, the GIC Office Trust Mortgage Loan, the Somerset Collection Trust Mortgage Loan, the Xxxxxxxx Place Trust Mortgage Loan or the Cumberland Place Trust Mortgage Loan, shall be on a servicing-released basis.
Except in the case of the Xxxxxx Trust Mortgage Loans secured by the Mortgaged Properties identified on the Trust Mortgage Loan Schedule as 000 Xxxx Xxxxxx, Xxxxxxxxxx Place, 000 Xxxx Xxxxxxx Xxxxxx and Courtyard by Marriott Portfolio, such Mortgage Loan, together with any other Xxxxxx Trust Mortgage Loan made to the same Mortgagor or to an Affiliate of such Mortgagor, does not represent more than 5% of the Initial Pool Balance.
Provided that any Seller/Depositor Notification with respect to a Material Document Defect or Material Breach is received by the Depositor (in the case of a Xxxxxx Trust Mortgage Loan) or the UBS Mortgage Loan Seller (in the case of a UBS Trust Mortgage Loan), in accordance with the provisions of this Section 2.03, within 24 months of the Closing Date, the material and adverse effect of the subject Document Defect or Breach shall be determined as of the date hereof.
Except in the case of the Garden State Plaza Trust Mortgage Loan, the 000 Xxxxx Xxxxxx Trust Mortgage Loan, the Two Penn Plaza Trust Mortgage Loan and the Trust Mortgage Loan secured by the Mortgaged Property identified on the Trust Mortgage Loan Schedule as Airport Corporate Center, such Mortgage Loan, together with any other Xxxxxx Trust Mortgage Loan made to the same Mortgagor or to an Affiliate of such Mortgagor, does not represent more than 5% of the Initial Pool Balance.