SECTION 312 The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or receipt of the inspection report, which ever is later, or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer and all operating statements, budgets, rent rolls and financial statements collected by the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Borrower (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) a letter identifying such deferred maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall notify the Master Servicer (by email to xxxxxx@xxxxxxxxxx.xxx) upon resolution of such life safety or deferred maintenance item.
SECTION 514 Undertaking for Costs.............................. 37
Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37
SECTION 311 CUSIP Numbers...................................... 29 PAGE ARTICLE FOUR
SECTION 510 Rights and Remedies Cumulative..................... 36
Section 511 Delay or Omission Not Waiver....................... 36
SECTION 503 Collection of Indebtedness and Suits for Enforcement by Trustee............................. 34
SECTION 812 Control by Holders of Securities..........................43 SECTION 813. Waiver of Past Defaults...................................44
SECTION 504 Trustee May File Proofs of Claim................... 34 Section 505. Trustee May Enforce Claims Without Possession of Securities......................................... 35
SECTION 603 Certain Rights of Trustee.......................... 38
