Consulting Party definition

Consulting Party. With respect to any Serviced Mortgage Loan or, if applicable, Serviced Loan Combination, each of:

Consulting Party. Each of: (i) solely during a CCR Consultation Period and provided that no Control Appraisal Period under the Co-Lender Agreement has occurred and is continuing, the Controlling Class Representative; (ii) each Risk Retention Consultation Party; and (iii) during the occurrence and continuance of a Control Appraisal Period under the Co-Lender Agreement, each Companion Loan Holder (to the extent the Companion Loan Holders are entitled to exercise such consultation rights under the Co-Lender Agreement). For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect or during the existence of a Control Appraisal Period, and any consultation rights of the Companion Loan Holders shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, no Consulting Party can be a Borrower Restricted Party.

Consulting Party means the Party obliged to Consult.

Examples of Consulting Party in a sentence

• In addition, the Operating Advisor (when it is an applicable Consulting Party) will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

• For the avoidance of doubt, (x) no Risk Retention Consulting Party shall have any consultation rights with respect to any related Excluded RRCP Mortgage Loan and (y) any consultation with any Risk Retention Consultation Party under this Agreement shall be on a strictly non-binding basis and shall be subject to all limitations with respect to the procedures and timing for such consultation set forth in this Section 6.09.

• The Special Servicer shall provide all information reasonably requested by any applicable Consulting Party and in the Special Servicer’s possession that is necessary in order for such Consulting Party to exercise its consultation rights set forth in the first sentence of this paragraph.

• In any event, each applicable Directing Holder or applicable Consulting Party, as applicable, agrees to identify for the Master Servicer and the Special Servicer in advance (but at least two (2) Business Days prior to the related monthly conference) the applicable Mortgage Loans (or Serviced Loan Combination) and/or REO Properties it intends to discuss.

• The Special Servicer shall provide all information reasonably requested by any applicable Consulting Party and in the Special Servicer’s possession that is necessary in order for such Consulting Party to exercise its respective consultation rights set forth in the first sentence of this paragraph.

More Definitions of Consulting Party

Consulting Party. Each of: (i) prior to the occurrence and continuance of a C Note Control Appraisal Period under the Co-Lender Agreement, and solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Risk Retention Consultation Party; and (iii) if a C Note Control Appraisal Period has occurred and is continuing under the Co-Lender Agreement, each Companion Loan Holder that is not the Controlling Noteholder (or its representative, which may be the controlling class representative with respect to the securitization of the related Note) (in each case to the extent such holders are entitled to exercise such consultation rights under the Co-Lender Agreement). For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect or during the existence of a C Note Control Appraisal Period, and any consultation rights of the Companion Loan Holders shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consulting Party.

Consulting Party. Each of: (i) solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Companion Loan Holder (to the extent such Companion Loan Holder is entitled to exercise such consultation rights under the Co-Lender Agreement); and (iii) solely after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, the Operating Advisor. For the avoidance of doubt, (A) the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect, and any consultation rights of the Companion Loan Holder(s) shall be subject to the terms of the Co-Lender Agreement and (B) the Operating Advisor shall not be a Consulting Party unless an Operating Advisor Consultation Trigger Event has occurred and is continuing. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consulting Party.

Consulting Party. Section 106 term that refers to organizations and/or individuals with a demonstrated interest in the undertaking due to the nature of their legal or economic relation to the undertaking or affected properties, or their concern with the undertaking’s effects on historic properties. The participation of consulting parties is subject to approval by the federal agency (in this case, NSF). Consulting parties are actively informed of and able to participate in the Section 106 process, including consultation meetings. The views of consulting parties are actively sought by NSF during the Section 106 consultation process. (36 CFR 800.2(c)(5)) Effect: an alteration to the characteristics of a historic property qualifying it for inclusion in or eligibility for the NRHP (36 CFR 800.16(i)).

Consulting Party has the meaning set forth in Section 12.6.

Consulting Party. Each of: (i) solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Companion Loan Holder (to the extent such Companion Loan Holder is entitled to exercise such consultation rights under the Co-Lender Agreement); and (iii) at any time, each Risk Retention Consultation Party. For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect, and any consultation rights of the Companion Loan Holder(s) shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consulting Party.

Consulting Party means the Party that requests consultations and the Party to whom the request for consultations is made; Party to the Dispute means the complaining Party or the Party complained against; Party Complained against means the Party against which a claim is made; Complaining Party means the Party making a claim;

Consulting Party. A party with a consultative role in the Section 106 of NHPA consultation process. For the purposes of this Agreement, Consulting Parties mean the SHPO; tenants/lessees at ARC; other Applicants for NASA permits or approvals at ARC; and individuals and organizations with a demonstrated interest in an undertaking due to the nature of their legal or economic relation to the undertaking or affected properties, or their concern with the effects on historic properties. [36 C.F.R. § 800.2(c)] Contributing: A building, site, structure, or object within a historic district which adds to the values or qualities of the district because it was present during the period of significance, relates to the documented significance of the district, and possesses historic integrity. A contributing resource may also meet NRHP criteria independently.