Directing definition

Directing means that the designee of the President is directing all Federal, state, and private actions to remove a Discharge or mitigate or prevent the threat of a Discharge, pursuant to Section4201(a) of OPA (33 U.S.C. Section1321(c)(1)(B)(ii)or (c)(2)(A)).

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Directing means managing rather than first line supervision.

Directing any borrower such that Seller would be subject to any liability with respect to any environmental matters in connection with any security, borrower’s operations or any borrower’s property; and Seller has not foreclosed on a loan or taken over security in a manner that would result in liability under Environmental Laws, including but not limited to that it has taken “reasonable steps” to divest itself of any such properties at the earliest practicable, commercially reasonable time, on commercially reasonable terms.

Examples of Directing in a sentence

• Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof.

• The Directing Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Directing Holder may deem advisable, subject to the terms of the Servicing Agreement.

• The Directing Holder shall be entitled to exercise the rights and powers granted to the Directing Holder hereunder and the rights and powers granted to the “Directing Holder,” “Controlling Class Certificateholder,” “Controlling Class Representative” or similar party under, and as defined in, the Servicing Agreement with respect to the Mortgage Loan.

• Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a).

• The Directing Holder shall have no liability to the other Holders or any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence.

• The Directing Holder may also direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Directing Holder may deem advisable.

• Subject to the terms of the Lead Securitization Servicing Agreement for so long as the Lead Note is included in the Lead Securitization, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof.

• The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders (including, to the extent a Note is included in a Securitization, the parties to the related PSA) a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

• The Directing Holder will retain its right to remove and replace the Special Servicer, but the Directing Holder may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

• The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to each PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

More Definitions of Directing

Directing in management means instructing, guiding, supervising, motivating, and promoting teamwork. In the earlier set-up for developmental works, a hierarchy of departmental people was made responsible for directing project activities. They were also technically qualified. Under People’s Planning the various government departments were not deployed to work under the local bodies. The technical staff of the local bodies is insufficient to undertake effective directing function. The regular departmental staff is, in principle, supposed to support the local body in developmental works. However, their roles and responsibilities remain vague and unspecified. The beneficiary committee often does not have the technical expertise nor is trained in directing. The resource persons whose services are taken to fill in the gap do not have clearly defined roles and responsibilities of the directing function.

Directing. “Directions” means written instructions by Customer to Provider on how to perform a particular task or as described in a SOW or Change Order.

Directing class or similar class having authority to appoint a special servicer and/or to consent or approve proposed actions of the special servicer; and (ii) if the Loan is participated or severed into one or more note(s) or component(s) such that one note or component is junior to another note or component, then, regardless of whether any note or component is included in a Secondary Market Transaction, the unanimous consent is obtained of all the holders of such junior note or component.