Lead Special Servicer definition

Lead Special Servicer means, subject to Section 2(a), the special servicer appointed pursuant to the Servicing Agreement and this Agreement (or any successor and assign appointed by the Controlling Noteholder in accordance with the Servicing Agreement and this Agreement).
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Lead Special Servicer means (except as set forth above for the purposes of Major Decisions and Extraordinary Major Decisions) the applicable interim servicer under the Interim Servicing Agreement and references to “Lead Asset Representations Reviewer,” “Lead Certificate Administrator,” “Lead Controlling Class Representative,” “Lead Depositor,” “Lead Operating Advisor” and “Lead Trustee” shall not have any force or effect for the purposes of the servicing and administration of the Mortgage Loan under the Interim Servicing Agreement. If no Lead Securitization Date occurs on or before the date is ninety (90) days after the date hereof, the parties shall negotiate in good faith with respect to the execution and delivery of a successor servicing agreement with respect to the servicing and administration of the Mortgage Loan in accordance with this Agreement and the Servicing Standard.
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Lead Special Servicer means each of the 200[_]-[___] Special Servicer and the 200[_]-[___] Special Servicer.
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Examples of Lead Special Servicer in a sentence

  • An approval of or objection to an Extraordinary Major Decision that is delivered by a Decision-Eligible Note A Holder, once given (or deemed to have been given), may not be rescinded, cancelled, withdrawn or terminated by such Decision-Eligible Note A Holder without the consent of the Lead Special Servicer (in its sole and absolute discretion).

  • Each Decision-Eligible Note A Holder who delivers to the Lead Special Servicer an affirmative approval of or objection to an Extraordinary Major Decision shall use commercially reasonable efforts to notify the other Decision-Eligible Note A Holders of such approval or objection but a failure to provide such notice shall not limit the effectiveness of the approval (or deemed approval) or objection delivered by such Decision-Eligible Note A Holder to the Lead Special Servicer.

  • No Person who constitutes a Decision-Eligible Note A Holder with respect to an Extraordinary Major Decision under subsection (d) or a Majority Decision under subsection (e) shall also be entitled to non-binding consultation with the Lead Special Servicer with respect to such Extraordinary Major Decision or such Majority Decision, as the case may be, notwithstanding that such Person may otherwise then constitute a Consulting Party.

  • Based upon such Appraisal or letter updates thereto, the Lead Special Servicer shall determine and report to the Lead Master Servicer and the Lead Certificate Administrator the Appraisal Reduction Amount, if any, with respect to the Mortgage Loan, and each of those parties shall be entitled to rely conclusively on such determination by the Lead Special Servicer.

  • Until the delivery of such a notice, each other Note A Holder, the Lead Special Servicer, the Lead Master Servicer and the Lead Trustee shall be entitled to assume, without investigation, that the Note A-1 Holder or the Note A-2 Holder constitutes a Control-Eligible Note A Holder.

  • Each Decision-Eligible Note A Holder who delivers to the Lead Special Servicer an affirmative approval of or objection to a Majority Decision shall use commercially reasonable efforts to notify the other Decision-Eligible Note A Holders of such approval or objection but a failure to provide such notice shall not limit the effectiveness of the approval (or deemed approval) or objection delivered by such Decision-Eligible Note A Holder to the Lead Special Servicer.

  • Regardless of whether a Control Appraisal Period is in effect with respect to Note B, each of the Lead Master Servicer and the Lead Special Servicer shall provide to the Note B Holder (provided that it is not a Borrower Party) copies of all notices, reports and information that the Servicing Agreement would require such Lead Master Servicer or Lead Special Servicer, as the case may be, to provide to the Controlling Noteholder during such time as no Control Appraisal Period is in effect.

  • The Lead Master Servicer shall provide (via electronic delivery) the Lead Special Servicer with information in its possession that is reasonably required to calculate or recalculate any Appraisal Reduction Amount using reasonable efforts to deliver such information within four (4) Business Days of the Lead Special Servicer’s reasonable written request.

  • If the Mortgaged Property becomes an REO Property, the Lead Special Servicer, on behalf of the Noteholders, shall sell the REO Property in accordance with, and within the time periods provided for, in the Servicing Agreement.

  • A transferring Noteholder agrees it will pay the reasonable out-of-pocket expenses of the other Noteholders (including all reasonable out-of-pocket expenses of the Lead Master Servicer, the Lead Special Servicer, each Non-Lead Master Servicer and each Non-Lead Special Servicer) in connection with any such Transfer unless such transfer is made by the Initial Note B Holder to any other Person in accordance with the terms of this Section 20.


More Definitions of Lead Special Servicer

Lead Special Servicer means each of the 2005-GG5 Special Servicer and the LB-UBS 2006-C4 Special Servicer.
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Lead Special Servicer means each of the GCCFC C2 Special Servicer, the GMACCM C3 Special Servicer and the GMACCM C2 Special Servicer.
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Lead Special Servicer means, subject to Section 2(a), the special servicer appointed pursuant to the Servicing Agreement and this Agreement (or any successor and assign appointed by the Controlling Noteholder in accordance with the Servicing Agreement and this Agreement). “Lead Trustee” shall mean the trustee appointed pursuant to the Lead Securitization Servicing Agreement.
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Lead Special Servicer means the special servicer under a Lead Pooling and Servicing Agreement.
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Lead Special Servicer means each of the CD 2006-CD3 Special Servicer with respect to the Ala Moana Portfolio Loan Combination and the WBCMT 2007-C30 Special Servicer with respect to the Peter Cooper Village & Stuyvesant Txxx Xxxx Xxxbination.
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Lead Special Servicer means each of the 2004-GG2 Special Servicer and, during a 1370 Avenue of the Americas Non-Lead Servicing Period, the 1370 Avenue of the Americas Special Servicer.
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Related to Lead Special Servicer

  • Non-Lead Special Servicer means the “special servicer” under any Non-Lead Securitization Servicing Agreement.

  • Other Special Servicer The applicable other “special servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Outside Special Servicer With respect to an Outside Serviced Mortgage Loan, the special servicer under the applicable Outside Servicing Agreement.

  • General Special Servicer mean the Person performing the duties and obligations of special servicer with respect to the Mortgage Pool (exclusive of (A) any Serviced Loan Combination or related REO Property as to which a different Loan Combination Special Servicer has been appointed with respect thereto and (B) any Excluded Special Servicer Mortgage Loan or any related REO Property as to which an Excluded Mortgage Loan Special Servicer has been appointed with respect thereto).

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Lead Servicer means the master servicer designated under the Note A-1 PSA.

  • CREFC® Special Servicer Loan File The data file in the “CREFC® Special Servicer Loan File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • CMSA Special Servicer Loan File The data file in the "CMSA Special Servicer Loan File" format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Non-Lead Servicer means any Non-Lead Master Servicer or Non-Lead Special Servicer, as the context may require.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Non-Lead Master Servicer means the “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Initial Servicer means CarMax.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

  • Other Master Servicer means the applicable other “master servicer” under an Other Companion Loan Pooling and Servicing Agreement relating to a Non-Serviced Companion Loan or a Serviced Companion Loan, as applicable.

  • CREFC® Special Servicer Property File The data file in the “CREFC® Special Servicer Property File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Master Servicing Officer Any officer of the Master Servicer involved in, or responsible for, the administration and master servicing of the Mortgage Loans.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.