Litigation Control. (a) The Special Servicer, with respect to Specially Serviced Mortgage Loans that are part of Group A Mortgage Loans, and Master Servicer No. 1, with respect to non-Specially Serviced Mortgage Loans that are Group A Mortgage Loans, and where the applicable servicer contemplates availing itself of indemnification as provided for under Section 6.03 of this Agreement, such servicer shall, for the benefit of the Certificateholders, have the right to direct, manage, prosecute, defend and/or settle any and all claims and litigation relating to (a) the enforcement of the obligations of a Mortgagor under the related Mortgage Loan documents and (b) any action brought against the Trust, the Trustee, Master Servicer No. 1 or the Special Servicer with respect to any Mortgage Loan in Group A (the foregoing rights and obligations, "Group A Litigation Control"). Such Group A Litigation Control shall be carried out in accordance with the terms of this Agreement, including, without limitation, the Servicing Standard. Upon becoming aware of or being named in any claim or litigation that falls within the scope of Group A Litigation Control, Master Servicer No. 1 shall immediately notify the Controlling Class Representative of such claim or litigation. In addition, Master Servicer No. 1 shall prepare and submit a monthly status report regarding any Group A Litigation Control matter to the Controlling Class Representative.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9)