Successor Special Servicer definition

Successor Special Servicer. As defined in Section 6.02.
Successor Special Servicer. As defined in Section 6.01(b) . “Support Provider ”: Spirit Realty or any successor support provider. “Support Provider SPE ”: Any special purpose, bankruptcy remote subsidiary (direct or indirect) of the Support Provider. 31 US-DOCS\ 96557504.7 102826315.7
Successor Special Servicer means such other third party as shall be appointed as Successor Special Servicer upon resignation or removal of Capmark Services UK Limited as Special Servicer;

Examples of Successor Special Servicer in a sentence

  • In the event that a Successor Special Servicer (including the Back-Up Manager) is appointed, the terminated Special Servicer shall arrange for the delivery to the Successor Special Servicer of all of the Servicing Files for any Specially Serviced Asset, which Servicing Files shall contain sufficient data to permit the Successor Special Servicer to assume the duties of the Special Servicer hereunder without delay on account of the absence of relevant servicing information.

  • Registered providers were consulted on the strategy in June and July 2021.

  • Appellants also argue that the PA Education Agency Servicing Agreement and the Special Servicing Agreement created an exclusive servicing arrangement for Defaulted Loans, which are now handled by U.S. Bank in its role as Successor Special Servicer, J.A. 958, and that the Odyssey Agreement modifies and violates this exclusive servicing arrangement by providing for Odyssey to service Defaulted Loans.

  • In 2012, movant U.S. Bank assumed the role of Successor Special Servicer upon First Marblehead’s resignation.

  • Rather, consistent with the Consent Order, TSI is obligated to work withU.S. Bank as the Successor Special Servicer to implement the injunctive relief required by the Proposed Consent Judgment.Second, comparison of the affidavit provisions in the Consent Order and Proposed Consent Judgment demonstrates that TSI’s bald assertion that the Proposed Consent Judgment “[c]ontemplates different affidavit-related policies and procedures than those in the TSI Consent Order” is erroneous.

  • But the obligation to “execute and enter into a [PPA]” comes “[w]ithin a reasonable period of time thereafter not to exceed forty- five (45) days” and the responsibility to execute the PPA falls on both parties, not just Applied.

  • Nonetheless, the Bureau does not oppose the motions to intervene filed by Ambac, the insurer for some of noteholders as well as an investor, and U.S. Bank in its capacity as Indenture Trustee and as Successor Special Servicer.

  • Ch.) This case relates to the VCG Owners’ efforts, purportedly acting for the Trusts, to pursue claims against the Indenture Trustee, Administrator, Successor Special Servicer, and certain special subservicers in connection with the administration of the Trusts and servicing of the Trusts’ property which was pledged under the Indentures.

  • U.S. Bank’s responsibilities as Successor Special Servicer are limited by contract.

  • The structure of the Proposed Consent would also potentially subject U.S. Bank to vicarious liability for a violation of a federal court order.And the Proposed Order appears to require that U.S. Bank, as Successor Special Servicer, onerous obligations under the Proposed Consent.

Related to Successor Special Servicer

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • Successor Servicer means any entity appointed as a successor to the Servicer pursuant to Section 8.02.

  • Non-Lead Special Servicer means the “special servicer” under any Non-Lead Securitization Servicing Agreement.

  • Non-Lead Master Servicer means the applicable “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Required Special Servicer Rating means with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer, (iii) in the case of Xxxxx’x, such special servicer is acting as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by Xxxxx’x within the twelve (12) month period prior to the date of determination, and Xxxxx’x has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and Morningstar has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or withdrawal.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

  • Initial Servicer means CarMax.

  • Additional Servicer Each affiliate of each Servicer that services any of the Mortgage Loans and each Person who is not an affiliate of the any Servicer, who services 10% or more of the Mortgage Loans. For clarification purposes, the Master Servicer and the Securities Administrator are Additional Servicers.