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If a Control Event no longer exists, then the Directing Certificateholder shall regain all the consent and direction rights of the Directing Certificateholder set forth in this Agreement. The Certificate Administrator shall post a \u201cspecial notice\u201d of the occurrence or cessation of a Control Event or the occurrence of a Consultation Termination Event on the Certificate Administrator\u2019s Internet website upon its actual knowledge that a Control Event, a Consultation Termination Event has occurred or ceased to exist.", "samples": [{"hash": "cTeF99pVhkr", "uri": "/contracts/cTeF99pVhkr#control-event", "label": "Trust and Servicing Agreement (Benchmark 2026-B42 Mortgage Trust)", "score": 35.1505813599, "published": true}, {"hash": "lMgT9I7RiJE", "uri": "/contracts/lMgT9I7RiJE#control-event", "label": "Trust and Servicing Agreement (BMO 2026-C14 Mortgage Trust)", "score": 35.0766601562, "published": true}, {"hash": "2hTBGNga4aQ", "uri": "/contracts/2hTBGNga4aQ#control-event", "label": "Trust and Servicing Agreement (Bank 2025-Bnk51)", "score": 34.9534568787, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "date-of-determination", "type": "definition", "offset": [20, 41]}, {"key": "the-certificate", "type": "clause", "offset": [46, 61]}, {"key": "balance-of-the", "type": "clause", "offset": [62, 76]}, {"key": "class-of", "type": "definition", "offset": [89, 97]}, {"key": "control-eligible-certificates", "type": "definition", "offset": [98, 127]}, {"key": "application-of", "type": "clause", "offset": [166, 180]}, {"key": "appraisal-reduction-amounts", "type": "definition", "offset": [191, 218]}, {"key": "initial-certificate-balance", "type": "definition", "offset": [303, 330]}, {"key": "the-directing-certificateholder", "type": "clause", "offset": [388, 419]}, {"key": "consent-and-direction", "type": "clause", "offset": [441, 462]}, {"key": "rights-of-the", "type": "clause", "offset": [463, 476]}, {"key": "in-this-agreement", "type": "definition", "offset": [515, 532]}, {"key": "certificate-administrator", "type": "definition", "offset": [538, 563]}, {"key": "special-notice", "type": "definition", "offset": [578, 592]}, {"key": "cessation-of", "type": "clause", "offset": [615, 627]}, {"key": "consultation-termination-event", "type": "definition", "offset": [667, 697]}, {"key": "internet-website", "type": "definition", "offset": [733, 749]}, {"key": "actual-knowledge", "type": "clause", "offset": [759, 775]}], "size": 15, "hash": "f013b8a46e8bd7e62f6809189385ac5d", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIWY29udHJvbC1ldmVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Control Event", "snippet": "Defined. \u201cControl Event\u201d means:", "size": 573, "id": "control-event", "examples": ["Any appointment or succession by the Trustee to the rights and obligations of the Special Servicer hereunder shall be subject to the Directing Certificateholder\u2019s right to replace the Special Servicer prior to the occurrence and continuance of a <strong>Control Event</strong>.", "If required in accordance with any such adjustment, each Class of Certificates or the RR Interest that has been notionally reduced as a result of the application of the Trust Appraisal Reduction Amount shall have its related Certificate Balance or RR Interest Balance notionally restored by the Certificate Administrator or the Trustee to the extent required by such adjustment of the Trust Appraisal Reduction Amount, and there shall be a redetermination of whether a <strong>Control Event</strong> has occurred.", "The Certificate Administrator shall notify the Servicer and the Special Servicer within 10 Business Days of the existence or cessation of any <strong>Control Event</strong> or Consultation Termination Event.", "In addition, for so long as no <strong>Control Event</strong> has occurred and is continuing, subject to Section 9.3(b), Section 9.3(c), the immediately following paragraph and the limitations set forth elsewhere in this Agreement, the Directing Certificateholder may direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Specially Serviced Whole Loan as the Directing Certificateholder may reasonably deem advisable.", "If a <strong>Control Event</strong> no longer exists, then the Directing Certificateholder shall regain all the consent and direction rights of the Directing Certificateholder set forth in this Agreement and the Controlling Class shall regain the right to appoint a Directing Certificateholder as set forth in this Agreement.", "In connection with any such resignation, the successor special servicer shall either (i) prior to a <strong>Control Event</strong>, be appointed by the Directing Certificateholder in accordance with Section 7.1; or (ii) after the occurrence of a <strong>Control Event</strong>, be appointed by the Trustee and otherwise satisfy the requirements for a successor special servicer set forth in Section 6.4(a).", "Notwithstanding the foregoing, such deemed Appraisal Reduction Amounts shall not be allocated to any Class of Certificates for purposes of (1) determining whether a <strong>Control Event</strong> has occurred and is continuing or (2) allocating Voting Rights; provided, however, this sentence shall not affect in any manner the effect of Trust Appraisal Reduction Amounts based upon anything other than clause (x) of the preceding sentence, including when the related Appraisals are received.", "Any party hereto may at any time request from the Certificate Administrator written confirmation of whether there existed a <strong>Control Event</strong> or a Consultation Termination Event during the preceding calendar year and the Certificate Administrator shall deliver such confirmation to such party within 10 days of such request.", "Subject to Section 9.3(a), for so long as a <strong>Control Event</strong> is not continuing, while negotiating a workout with the Borrowers, the Special Servicer shall pursue any appropriate remedial action to but not including actual foreclosure until such negotiations, in the judgment of the Special Servicer and in accordance with Accepted Servicing Practices and subject to Section 9.3(a), are not reasonably likely to produce a greater recovery on a net present value basis than foreclosure.", "Neither the Servicer nor the Special Servicer shall maintain, and shall not cause the Borrowers to be in default with respect to the failure of the Borrowers to obtain, all-risk casualty insurance which does not contain any carve-out for terrorist or similar acts, if and only if the Special Servicer has (and, prior to the occurrence and continuance of a <strong>Control Event</strong>, with the consent of the Directing Certificateholder) determined, on an annual basis, that such failure is an Acceptable Insurance Default."], "related": [["change-of-control-event", "Change of Control Event", "Change of <strong>Control Event</strong>"], ["change-in-control-event", "Change in Control Event", "Change in <strong>Control Event</strong>"], ["change-of-control", "Change of Control", "Change of Control"], ["change-of-control-triggering-event", "Change of Control Triggering Event", "Change of Control Triggering Event"], ["cash-control-event", "Cash Control Event", "Cash <strong>Control Event</strong>"]], "related_snippets": [], "updated": "2026-04-08T06:04:56+00:00"}, "json": true, "cursor": ""}}