Inspection Fee” has the meaning set forth in the Summary of Loan Terms. “Maximum Repair Cost” shall be the amount(s) set forth in the Required Repair Schedule, if “Maximum any. Repair Disbursement Interval” has the meaning set forth in the Summary of Loan “Maximum Terms. Replacement Reserve Disbursement Interval” has the meaning set forth in the “Maximum Summary of Loan Terms. means an investment security that represents an undivided beneficial interest in a pool of “MBS” mortgage loans or participation interests in mortgage loans held in trust pursuant to the terms of a governing trust document. Debt” means a loan to a direct or indirect owner of Borrower secured by a pledge of “Mezzanine such interest in an entity owning a direct or indirect interest in Borrower. owner’s Conversion Debt Service Coverage Ratio” has the meaning set forth in the Summary “Minimum of Loan Terms. Repairs Disbursement Amount” has the meaning set forth in the Summary of Loan “Minimum Terms. Replacement Reserve Disbursement Amount” has the meaning set forth in the “Minimum Summary of Loan Terms. Debt Service Payment” has the meaning set forth in the Summary of Loan Terms. “Monthly Replacement Reserve Deposit” has the meaning set forth in the Summary of Loan “Monthly Terms. Loan” means the mortgage loan made by Lender to Borrower in the principal amount “Mortgage of the Note made pursuant to the Loan Agreement, evidenced by the Note and secured by the Loan Documents that are expressly stated to be security for the Mortgage Loan. Property” has the meaning set forth in the Security Instrument. “Mortgaged Project” has the meaning set forth in the Summary of Loan Terms. “Multifamily has the meaning set forth in the Summary of Loan Terms. Project Address” “Multifamily Determination Notice” means the notice given by Lender to Borrower pursuant to the “NCF Conversion Option in which Lender establishes the Net Cash Flow and the Maximum Fixed Rate to which the Mortgage Loan may be converted.
“Maximum Inspection Fee” has the meaning set forth in the Summary of Loan Terms. “Maximum Repair Cost” shall be the amount(s) set forth in the Required Repair Schedule, if any. “Maximum Repair Disbursement Interval” has the meaning set forth in the Summary of Loan Terms. “Maximum Replacement Reserve Disbursement Interval” has the meaning set forth in the Summary of Loan Terms. “MBS” means an investment security that represents an undivided beneficial interest in a pool of mortgage loans or participation interests in mortgage loans held in trust pursuant to the terms of a governing trust document. “Mezzanine Debt” means a loan to a direct or indirect owner of Borrower secured by a pledge of such owner’s interest in an entity owning a direct or indirect interest in Borrower. “Minimum Conversion Debt Service Coverage Ratio” has the meaning set forth in the Summary of Loan Terms. “Minimum Repairs Disbursement Amount” has the meaning set forth in the Summary of Loan Terms. “Minimum Replacement Reserve Disbursement Amount” has the meaning set forth in the Summary of Loan Terms. “Monthly Debt Service Payment” has the meaning set forth in the Summary of Loan Terms. “Monthly Replacement Reserve Deposit” has the meaning set forth in the Summary of Loan Terms. “Mortgage Loan” means the mortgage loan made by Lender to Borrower in the principal amount of the Note made pursuant to the Loan Agreement, evidenced by the Note and secured by the Loan Documents that are expressly stated to be security for the Mortgage Loan. “Mortgaged Property” has the meaning set forth in the Security Instrument. “Multifamily Project” has the meaning set forth in the Summary of Loan Terms. “Multifamily Project Address” has the meaning set forth in the Summary of Loan Terms. “NCF Determination Notice” means the notice given by Lender to Borrower pursuant to the Conversion Option in which Lender establishes the Net Cash Flow and the Maximum Fixed Rate to which the Mortgage Loan may be converted.
6101sarm.docx