Examples of Lead Special Servicer in a sentence
Councillor Harvey stated this exercise is being done based on the decision of the URB in the spring of 2000.
Notably, useful general theorems for the special-relativistic mechanical motion of systems, including the elastic impact, have been obtained in a rigorous manner ([35] Sects.
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.
In addition, in no event may the Lead Special Servicer sell the Defaulted Securitized A Loan for a price less than the Defaulted Securitized A Loan Purchase Price unless the Lead Controlling Class Representative has approved such sale (but a failure by it to respond to the Lead Special Servicer within ten (10) Business Days following delivery by the Lead Special Servicer of a decision reporting package shall be deemed to constitute such approval).
Registration and applications for ECIU University learning offerings can only take place via the ECIU University Engagement platform by submitting the completed application form.
If the Mortgaged Property becomes an REO Property, the Lead Special Servicer shall use reasonable efforts to solicit offers for the REO Property on behalf of the Noteholders in such manner as will be reasonably likely to realize a fair price within the time period specified by Section 4(h) of this Agreement.
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.
In such event, the Special Servicer shall use its reasonable efforts to cause such Appraisal to be delivered within 30 days from receipt of the Note B Holder’s written request; provided that the Lead Special Servicer shall not be required to obtain such Appraisal if it determines in accordance with the Servicing Standard that no events at or with regard to the Mortgaged Property have occurred that would have a material effect on the appraised value of the Mortgaged Property.
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.
Subject to the other subsections of this Section 4(j), the Lead Special Servicer shall act on behalf of the Noteholders in negotiating and taking any other action necessary or appropriate in connection with the sale of the Defaulted Securitized A Loan, and the collection of all amounts payable in connection therewith.