Initial Resolution Period definition

Initial Resolution Period. As defined in Section 2.03(e) of this Agreement.
Initial Resolution Period. As defined in Section 2.03(b).
Initial Resolution Period shall have the meaning assigned thereto in Section 2.03(a).

Examples of Initial Resolution Period in a sentence

The failure of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee to notify the Seller of a Material Defect or Material Breach shall not constitute a waiver of any cure or repurchase obligation, provided that the Seller must receive written notice thereof as described in this Section 6(a) before commencement of the Initial Resolution Period.

For the avoidance of doubt, no Liquidation Fee will be payable by any Trust Loan Seller in connection with a repurchase of its Trust Loan Seller Percentage Interest in the Trust Loan or any indemnification payment by a Trust Loan Seller to a Material Breach or a Material Document Defect if made in accordance with and within the Initial Resolution Period or any Extended Resolution Period.

The failure of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator or the Trustee to notify the Mortgage Loan Seller of a Material Defect or Material Breach shall not constitute a waiver of any cure or repurchase obligation, provided that the Mortgage Loan Seller must receive written notice thereof as described in this Section 6(a) before commencement of the Initial Resolution Period.

The failure of the Master Servicer, the Special Servicer or the Trustee to notify the Seller of a Material Defect or Material Breach shall not constitute a waiver of any cure or repurchase obligation, provided that the Seller must receive written notice thereof as described in this Section 6(a) before commencement of the Initial Resolution Period.

If the Seller does not, as required by this Section 7, correct or cure a Material Breach or a Material Defect in all material respects within the applicable Initial Resolution Period (as extended pursuant to this Section 7), or if such Breach or Defect is not capable of being so corrected or cured within such period, then the Seller shall purchase or substitute for the affected Mortgage Loan as provided in this Section 7.


More Definitions of Initial Resolution Period

Initial Resolution Period shall have the meaning given such term in Section 7 of this Agreement.
Initial Resolution Period. As defined in Section 2.9(a).
Initial Resolution Period. As defined in Section 2.03.
Initial Resolution Period. As defined in Section 2.03(a).
Initial Resolution Period has the meaning set forth in Section 2.4(e).
Initial Resolution Period has the meaning set forth in Section 7 of this Agreement.
Initial Resolution Period. As defined in Section 2.03(e).