Common use of Payment Record Clause in Contracts

Payment Record. No scheduled payment of principal and interest under any Mezzanine Loan or related Mortgage Loan was 30 days or more past due as of the Purchase Date without giving effect to any applicable grace period, and no Mezzanine Loan or related Mortgage Loan was 30 days or more delinquent in the twelve-month period immediately preceding the Purchase Date.

Appears in 4 contracts

Sources: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Winthrop Realty Trust)

Payment Record. No scheduled payment of principal and interest under any the First Mezzanine Loan or related Mortgage Loan was 30 days or more past due as of the Purchase Date without giving effect to any applicable grace period, and no the First Mezzanine Loan or related Mortgage Loan was not 30 days or more delinquent in the twelve-month period immediately preceding the Purchase Date.

Appears in 2 contracts

Sources: Master Repurchase Agreement, Master Repurchase Agreement (KBS Real Estate Investment Trust, Inc.)

Payment Record. No scheduled payment of principal and interest under any Mezzanine Loan or to Seller’s knowledge related Mortgage Loan was 30 days or more past due as of the Purchase Date without giving effect to any applicable grace period, and no Mezzanine Loan or to Seller’s knowledge related Mortgage Loan was 30 days or more delinquent in the twelve-month period immediately preceding the Purchase Date.

Appears in 1 contract

Sources: Master Repurchase Agreement (American Mortgage Acceptance Co)