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, the Controlling Class Representative; (ii) solely after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, the Operating Advisor; and (iii) 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). 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, (B) the Operating Advisor shall not be a Consulting Party if and for so long as no Operating Advisor Consultation Trigger Event has occurred and is continuing, and (C) any consultation rights of the Companion Loan Holder(s) 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. 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.
Examples of Consulting Party in a sentence
If and for so long as there is an applicable Consulting Party, the Special Servicer shall consult on a non-binding basis with such Consulting Party in connection with each Asset Status Report prior to finalizing and executing such Asset Status Report and such Consulting Party shall be permitted to propose alternative courses of action within 10 Business Days of receipt of each Asset Status Report.
The Special Servicer shall consider any such alternative courses of action and any other feedback provided by any applicable Consulting Party.
The Special Servicer may revise the Asset Status Report as it deems reasonably necessary in accordance with Accepted Servicing Practices to take into account any input and/or recommendations of the applicable Consulting Party.
If the Special Servicer is or becomes a Borrower Restricted Party with respect to the Mortgage Loan, the Special Servicer shall immediately notify the Depositor, the Servicer, the Trustee, the Certificate Administrator, each applicable Consenting Party and each applicable Consulting Party of such disqualification and the Special Servicer shall resign from its obligations and duties hereby imposed on it.
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) 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, no Consulting Party can be a Borrower Restricted Party.
Consulting Party means the Party obliged to Consult.
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). 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 means the Pawnee Nation or any party seeking consultation with the Pawnee Nation.
Consulting Party means a Party that requests consultations under Article [9] (Consultations) or the Party to which the request for consultations is made;
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. The Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect, any consultation rights of the Companion Loan Holders will be subject to the terms of the Co-Lender Agreement, and the Operating Advisor shall not be a Consulting Party if and for so long as no Operating Advisor Consultation Trigger Event has occurred and is continuing. If none of the Controlling Class Representative, the Companion Loan Holders or the Operating Advisor is a Consulting Party in accordance with the foregoing definition, then there shall be no Consulting Party.