Common use of Other Remedies of Master Servicer Clause in Contracts

Other Remedies of Master Servicer. During the continuance of any Primary Servicer Termination Event, so long as such Primary Servicer Termination Event shall not have been remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Primary Servicer Termination Event.

Appears in 62 contracts

Samples: Primary Servicing Agreement (Benchmark 2024-V5 Mortgage Trust), Primary Servicing Agreement (BBCMS Mortgage Trust 2024-5c25), Primary Servicing Agreement (BANK5 Trust 2024-5yr6)

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Other Remedies of Master Servicer. During the continuance of any Primary Servicer Termination EventEvent of Default, so long as such Primary Servicer Termination Event of Default shall not have been remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Primary Servicer Termination EventEvent of Default.

Appears in 45 contracts

Samples: Primary Servicing Agreement (BBCMS Mortgage Trust 2024-C26), Primary Servicing Agreement (BBCMS Mortgage Trust 2021-C11), Primary Servicing Agreement (BBCMS Mortgage Trust 2020-C7)

Other Remedies of Master Servicer. During the continuance of any Primary Sub-Servicer Termination Event, so long as such Primary Sub-Servicer Termination Event shall not have been remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Primary Sub-Servicer Termination Event.

Appears in 26 contracts

Samples: Sub Servicing Agreement (Morgan Stanley Capital I Trust 2019-H6), Sub Servicing Agreement (CSAIL 2021-C20 Commercial Mortgage Trust), Sub Servicing Agreement (BBCMS Mortgage Trust 2018-C2)

Other Remedies of Master Servicer. During the continuance of any Primary Servicer Termination EventEvent of Default, so long as such Primary Servicer Termination Event of Default shall not have been remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement4.01, shall have the right, in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Primary Servicer Termination EventEvent of Default.

Appears in 3 contracts

Samples: Sub Servicing Agreement (Banc of America Commercial Mortgage Inc., Series 2007-3), Sub Servicing Agreement (Banc of America Commercial Mortgage Inc., Series 2006-5), Sub Servicing Agreement (Credit Suisse Commercial Mortgage Trust 2007-C3)

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Other Remedies of Master Servicer. During the continuance of any Primary Servicer Termination EventEvent of Default, so long as such Primary Servicer Termination Event of Default shall not have been remedied, the Master Servicer, in addition to the rights specified in Section 4.01 of this Agreement, shall have the right, in its own name, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Primary Servicer Termination EventEvent of Default.

Appears in 2 contracts

Samples: Sub Servicing Agreement (COMM 2006-C8 Mortgage Trust), Sub Servicing Agreement (COMM 2006-C7 Mortgage Trust)

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