Common use of Resizing Clause in Contracts

Resizing. Notwithstanding any other provision of this Agreement, for so long as JPM or an affiliate thereof is the owner of a Non-Lead Securitization Note (each, an “Owned Note”), such Initial Note Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in either case, “New Notes”) reallocating the principal of the related Owned Note to such New Notes; or severing the related Owned Note into one or more

Appears in 2 contracts

Sources: Co Lender Agreement (JPMDB Commercial Mortgage Securities Trust 2016-C4), Co Lender Agreement (JPMCC Commercial Mortgage Securities Trust 2016-Jp3)