Morgan Stanley Capital I Trust 2016-UBS9 - FORM 8-K - June 2, 2016

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EX-99.16 - AMENDED AND RESTATED CO-LENDER AGREEMENT, DATED AS OF MAY 26, 2016 - Morgan Stanley Capital I Trust 2016-UBS9exh_99-16glpb.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

     
     

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

 

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): May 26, 2016

 

 

  Central Index Key Number of the issuing entity: 0001664682
Morgan Stanley Capital I Trust 2016-UBS9		  
  (Exact name of issuing entity)  

 

  Central Index Key Number of the depositor: 0001547361
Morgan Stanley Capital I Inc.		  
  (Exact name of registrant as specified in its charter)  

 

Central Index Key Number of the sponsor: 0001541557

Morgan Stanley Mortgage Capital Holdings LLC

 

Central Index Key Number of the sponsor: 0001102113

Bank of America, National Association

 

 

  Central Index Key Number of the sponsor: 0001541886
UBS Real Estate Securities Inc.		  
  (Exact names of sponsors as specified in their charters)  

 

Delaware 333-206582-01 13-3291626
(State or Other Jurisdiction
of Incorporation)		 (Commission File
Number)		 (IRS Employer
Identification No.)

 

1585 Broadway New York, New York 10036
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant's telephone number, including area code:    (212) 761-4000              

 

 

Not applicable
(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 

 

 

Item 1.01.  Entry into a Material Definitive Agreement.

 

The mortgage loan secured by the mortgaged property identified as “GLP Industrial Portfolio B” on Exhibit B to the Pooling and Servicing Agreement (the “GLP Industrial Portfolio B Mortgage Loan”) is an asset of the Issuing Entity and is part of a whole loan (the “GLP Industrial Portfolio B Whole Loan”) that originally included (i) the GLP Industrial Portfolio B Mortgage Loan and (ii) three pari passu promissory notes and two subordinate promissory notes that were not included in the Issuing Entity. The GLP Industrial Portfolio B Whole Loan will be serviced pursuant to the CSMC 2015-GLPB trust and servicing agreement and an agreement between the holders of the promissory notes comprising the GLP Industrial Portfolio B Whole Loan (as previously filed as Exhibit 99.8 to the Form 8-K dated December 22, 2015 under SEC File No. 333-206582-01, the “Prior Agreement”). The holders of the promissory notes evidencing the GLP Industrial Portfolio B Whole Loan have entered into an amendment and restatement of the Prior Agreement, dated as of May 26, 2016 and attached hereto as Exhibit 99.16, which amends the Prior Agreement to reflect the division of one pari passu promissory note into two pari passu promissory notes and sets forth the respective rights of each pari passu noteholder with respect to the GLP Industrial Portfolio B Whole Loan, as described in the Prospectus for this MSCI 2016-UBS9 transaction under “Description of the Mortgage Pool—The Whole Loans”.

 

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
   
(d) Exhibits:
   
99.16 Amended and Restated Co-Lender Agreement, dated as of May 26, 2016, between Wells Fargo Bank, National Association, not in its individual capacity but solely as trustee for the benefit of the Holders of the CSMC 2015-GLPB Mortgage Trust Commercial Mortgage Pass-Through Certificates, as the Holder of Note A-1, Note A-2, Note B-1 and Note B-2, Column Financial, Inc., as the Holder of Note A-3-1 and Note A-3-2, and Wells Fargo Bank, National Association, not in its individual capacity but solely as trustee for the benefit of the Holders of the MSCI 2016-UBS9 Mortgage Trust Commercial Mortgage Pass-Through Certificates, as the Holder of Note A-4.
     

 

 
 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Date:  June 2, 2016 Morgan Stanley Capital I Inc.
     
     
  By: /s/ Jane Lam
   

Name: Jane Lam

Title: Vice President

     
     

 

 

 
 

 

EXHIBIT INDEX

 

 

Exhibit Number Description
   
99.16 Amended and Restated Co-Lender Agreement, dated as of May 26, 2016, between Wells Fargo Bank, National Association, not in its individual capacity but solely as trustee for the benefit of the Holders of the CSMC 2015-GLPB Mortgage Trust Commercial Mortgage Pass-Through Certificates, as the Holder of Note A-1, Note A-2, Note B-1 and Note B-2, Column Financial, Inc., as the Holder of Note A-3-1 and Note A-3-2, and Wells Fargo Bank, National Association, not in its individual capacity but solely as trustee for the benefit of the Holders of the MSCI 2016-UBS9 Mortgage Trust Commercial Mortgage Pass-Through Certificates, as the Holder of Note A-4.