Loan Combination Change of Control Event definition

Loan Combination Change of Control Event means, with respect to any Serviced Senior/Subordinate Loan Combination, any event that would result in the "Note A Lender", the "Note A Lenders", the "Senior Lender" or the "Senior Lenders", as applicable, under the related Co-Lender Agreement becoming the applicable Loan Combination Directing Lender in accordance with the related Co-Lender Agreement.
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Loan Combination Change of Control Event means, with respect to any Loan Combination, the event that occurs when: (a) the principal amount of the related Non-Trust Mortgage Loan or any successor REO Mortgage Loan with respect thereto (net of any existing Appraisal Reduction Amount with respect to such Loan Combination) is less than 25% of the original principal amount of the related Non-Trust Mortgage Loan; and (b) the related Trust Mortgage Loan or any successor REO Trust Mortgage Loan with respect thereto has not been repaid in full.
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Loan Combination Change of Control Event means, with respect to the 888 Seventh Avenue Loan Combination and each Serviced A/B Loan Comb▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ that would result in the "Note A Lender" (or, in the case of the 888 Seventh Avenue Loan Combination, the "Note A Lenders") under th▇ ▇▇▇▇▇▇▇ ▇▇-▇▇▇▇▇r Agreement becoming the applicable Loan Combination Directing Lender in accordance with the definition of "Directing Lender" under the related Co-Lender Agreement.
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Examples of Loan Combination Change of Control Event in a sentence

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event (if applicable) with respect to any Serviced Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer, or, if it becomes aware of such event with respect to a Loan Combination that consists of one or more Specially Serviced Mortgage Loans, the Special Servicer, shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event (if applicable) with respect to any Serviced Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer (or, if it becomes aware of such event with respect to a Loan Combination that consists of one or more Specially Serviced Mortgage Loans, the Special Servicer) shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event (if applicable) with respect to any Serviced Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event (if applicable) with respect to any Controlling Party Serviced Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event with respect to any Serviced Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Loan Combination Change of Control Event (if applicable) with respect to any Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Loan Combination Change of Control Event with respect to any Loan Combination or related REO Property, promptly upon becoming aware thereof.

  • The Master Servicer shall provide the parties to this Agreement with notice of the occurrence of a Serviced Loan Combination Change of Control Event with respect to any Serviced Loan Combination or related REO Property, promptly upon becoming aware of thereof.

  • If and to the extent that a Serviced Loan Combination Change of Control Event exists with respect to any Serviced Loan Combination, then the Controlling Class Representative is hereby designated as the related Loan Combination Controlling Party.


More Definitions of Loan Combination Change of Control Event

Loan Combination Change of Control Event means, with respect to the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination and each Serviced A/B Loan Combination, any event that would result in the "Note A Lender" (or, in the case of the ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination, the "Note A Lenders") under the related Co-Lender Agreement becoming the applicable Loan Combination Directing Lender in accordance with the definition of "Directing Lender" under the related Co-Lender Agreement.
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Loan Combination Change of Control Event means: (a) with respect to the Courtyard by Marriott Loan Combination, the Courtyard by Marriott Change of Control Event; and (b) with respect to any A/B Loan Combination, a related A/B Change of Control Event. There shall not be any Loan Combination Change of Control Event with respect to the 101 Avenue of the Americas Loan Combination or the ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Loan Combination.
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Related to Loan Combination Change of Control Event

  • Change of Control Event means the occurrence of an event or series of events whereby one or more Persons, not being the Main Shareholders (or an Affiliate of the Main Shareholders), acting together, acquire control over the Issuer and where "control" means (a) acquiring or controlling, directly or indirectly, more than 50 per cent. of the voting shares of the Issuer, or (b) the right to, directly or indirectly, appoint or remove all or a majority of the directors of the board of directors of the Issuer.

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Change in Control Transaction means the occurrence of any of the following events:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Change of Control Date means the date on which a Change of Control occurs.