Maintained by servicer Clause Samples
The "Maintained by servicer" clause establishes that a designated servicer is responsible for the ongoing upkeep, management, or administration of certain assets, accounts, or obligations under the agreement. In practice, this means the servicer must ensure that records are kept current, payments are processed, or assets are properly managed according to specified standards. This clause ensures accountability and consistency in the management of key elements of the contract, reducing the risk of neglect or mismanagement.
Maintained by servicer. If not supplied in by Issuer or Underwriter, use Underwriting NOI or NCF to calculate Current Allocated Ending 21 Numeric 900900.00 Calculation based on Current Allocated Percentage and L7 Scheduled Loan Amount Current Ending Scheduled Principal Balance (L7) for associated loan. Ground Lease (Y/S/N) 22 AN N Either Y=Yes, S=Subordinate, N= No ground lease S74 Total Reserve Balance 23 Numeric 25000.00 For Maintenance, Repairs, & Environmental. (Excludes S77 Tax & Insurance Escrows). An amount should be printed if the value in Setup File field 77 is "Y" Most Recent Appraisal Date 24 AN YYYYMMDD L74 Most Recent Appraisal Value 25 Numeric 1000000.00 L75 Date Asset Expected to Be 26 AN YYYYMMDD Could be different dates for different properties. If L79 Resolved or Foreclosed in Foreclosure - Expected Date of Foreclosure and if REO - Expected Sale Date. Foreclosure Date 27 AN YYYYMMDD L42 REO Date 28 AN YYYYMMDD L43 Most Recent Physical Occupancy 29 Numeric 0.75 ▇▇▇ ▇▇▇▇▇▇▇▇▇ As of Date 30 AN YYYYMMDD Typically should be the effective date of the Rent Roll Date Lease Rollover Review 31 AN YYYYMMDD Roll over review to be completed every 12 months % Sq. Feet expiring 1-12 months 32 Numeric 0.2 Apply to Property Types - RT, IN, WH, OF, ▇▇, ▇▇ ▇▇▇ % Sq. Feet expiring 13-24 33 Numeric 0.2 Apply to Property Types - RT, IN, WH, OF, ▇▇, ▇▇ ▇▇▇ months % Sq. Feet expiring 25-36 34 Numeric 0.2 Apply to Property Types - RT, IN, WH, OF, ▇▇, ▇▇ ▇▇▇ months % Sq. Feet expiring 37-48 35 Numeric 0.2 Apply to Property Types - RT, IN, WH, OF, ▇▇, ▇▇ ▇▇▇ months % Sq. Feet expiring 49-60 36 Numeric 0.2 Apply to Property Types - RT, IN, WH, OF, MU, OT S62 months Largest Tenant 37 AN Text For Office, WH, Retail, Industrial, Other or Mixed Use, as applicable Square Feet of Largest Tenant 38 Numeric 15000 2nd Largest Tenant 39 AN Text For Office, WH, Retail, Industrial, Other or Mixed Use, as applicable Square Feet of 2nd Largest 40 Numeric 15000 Tenant 3rd Largest Tenant 41 AN Text For Office, WH, Retail, Industrial, Other or Mixed Use, as applicable Square Feet of 3rd Largest 42 Numeric 15000 Tenant Fiscal Year End Month 43 Numeric MM Needed to indicate month ending for borrower's Fiscal Year. For example : "12" Contribution Financials As Of 44 AN YYYYMMDD S72 Date Revenue At Contribution 45 Numeric 1000000.00 Should match the prospectus if available. At the S70 Property Level Operating Expenses At 46 Numeric 1000000.00 Should match the prospectus if available. At the S71 Contribution Pr...