Special Servicing Fee. The Company will reimburse the Manager for actual expenses incurred on the Company’s behalf in connection with the special servicing of non-performing assets. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Appears in 35 contracts
Sources: Operating Agreement (Groundfloor Loans 3 LLC), Operating Agreement (Groundfloor Loans 2 LLC), Operating Agreement (Groundfloor Loans 2 LLC)
Special Servicing Fee. The Company will reimburse the Manager for actual expenses incurred on the Company’s behalf in connection with the special servicing of non-performing assets, including, but not limited to, reimbursement of non-ordinary expenses and employee time required to special service a non-performing asset. Whether an asset is deemed to be non-performing is in the sole discretion of the Manager.
Appears in 2 contracts
Sources: Operating Agreement (Arrived Debt Fund, LLC), Operating Agreement (Arrived SFR Genesis Fund, LLC)
Special Servicing Fee. The Company will reimburse the Manager Vendor for actual expenses incurred on the Company’s behalf in connection with the special servicing of non-performing assets. Whether an asset is deemed to be non-performing is in the sole discretion of the ManagerCompany.
Appears in 1 contract
Sources: Real Estate Services Agreement (Fundrise eREIT, LLC)