Capmark Master Servicer definition
Examples of Capmark Master Servicer in a sentence
Capmark Master Servicer and Primary Servicer acknowledge that it is a goal of both parties not to unduly burden or delay the processing of a Post Closing Request even though a dispute about classification of such request may exist but in any event the processing of a Post Closing Request must be accomplished in a manner consistent and in compliance with the Pooling and Servicing Agreement and with respect to an A/B Mortgage Loan, the related A/B Intercreditor Agreement.
Notwithstanding any other provisions of this Agreement, the Primary Servicer shall be permitted to self-insure with respect to its obligations to maintain the Primary Servicer Fidelity Bond and a Primary Servicer Errors and Omissions Policy to the extent the Capmark Master Servicer is permitted under Section 8.2 of the Pooling and Servicing Agreement (construed as if the references therein to the Capmark Master Servicer were instead references to the Primary Servicer).
The parties acknowledge the entitlement granted to the Capmark Master Servicer and the Primary Servicer under the Pooling and Servicing Agreement to conclusively assume that there is no "significant obligor" other than a party identified as such in the Prospectus Supplement.
In no event shall the Primary Servicer be responsible for reimbursing or paying any independent costs or expenses incurred by the Capmark Master Servicer in connection with a request for a modification, waiver or amendment of a Mortgage Loan unless the Capmark Master Servicer has first notified the Primary Servicer of its intent to incur such cost or expense and the Primary Servicer has agreed to pay (or cause to be paid) such cost or expense.
Primary Servicer shall produce such additional written reports with respect to the Mortgage Loans and the A/B Mortgage Loans as the Capmark Master Servicer may from time to time reasonably request in accordance with the Servicing Standard and shall reasonably cooperate with Capmark Master Servicer to aid Capmark Master Servicer in its obligations to produce additional reports and respond to inquiries under the Pooling and Servicing Agreement.
Upon the request of Primary Servicer, Capmark Master Servicer shall request from the Special Servicer all such relevant documents with respect to a Rehabilitated Mortgage Loan.
The Primary Servicer shall segregate the Primary Servicer Servicing Documents related to the Mortgage Loans and the A/B Mortgage Loans from all other assets of the Primary Servicer and, upon request, forward to the Capmark Master Servicer copies of such documents or originals of such documents if in the possession of Primary Servicer and not part of the Mortgage File forwarded to the Trustee.
Without limiting the preceding sentence, Capmark Master Servicer may visit the offices of Primary Servicer no more than once annually for the purpose of reviewing Primary Servicer's compliance with this Agreement upon reasonable notice and during normal business hours, and Primary Servicer shall reasonably cooperate with Capmark Master Servicer to provide Capmark Master Servicer with the information that Capmark Master Servicer reasonably requests to permit such review.
The Primary Servicer shall perform all Services on behalf of the Capmark Master Servicer in accordance with the terms of this Agreement and the Servicing Standard and in a manner consistent with the applicable provisions of the Pooling and Servicing Agreement and with respect to an A/B Mortgage Loan, the applicable provisions of the related A/B Intercreditor Agreement.
From the Closing Date until the Primary Servicing Termination Date, Capmark Master Servicer hereby authorizes and directs Primary Servicer to Service each Mortgage Loan and each A/B Mortgage Loan as Primary Servicer on behalf of and at the direction of the Capmark Master Servicer as provided in this Agreement.