Lead Trustee definition

Lead Trustee means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee designated under the Note A-1 Securitization.

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Lead Trustee means the trustee designated under the Note A-1 PSA.

Lead Trustee means (a) during the period from and after the UBS 2017-C2 Securitization Date and prior to the Note A-4 Securitization Date, the UBS 2017-C2 Trustee and (b) from and after the Note A-4 Securitization Date, the trustee designated under the Note A-4 Securitization.

Examples of Lead Trustee in a sentence

• Each Holder hereby appoints the Master Servicer, the Special Servicer and the Lead Trustee as such Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).

• All escrow deposits and payments required to be deposited with the Seller or its agent in accordance with the Mortgage Loan documents have been (or by the Closing Date will be) so deposited, are in the possession of or under the control of the Seller or its agent (or, with respect to a Non-Serviced Trust Loan, in the possession of or under the control of the Lead Trustee or its agent under the applicable Lead PSA), and there are no deficiencies in connection therewith.

• 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.

• Notwithstanding the preceding sentence, neither the Lead Trustee nor any Non-Lead Trustee shall be required to execute an assignment and assumption agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the Lead Securitization Servicing Agreement or a Non-Lead Securitization Servicing Agreement, as the case may be.

• Notwithstanding the foregoing, the rights and duties of the Lead Master Servicer set forth above may be exercised or performed in whole or in part by the Lead Certificate Administrator or the Lead Trustee if so provided in the Servicing Agreement.

More Definitions of Lead Trustee

Lead Trustee means the lead trustee of the Board of Trustees;

Lead Trustee means the trustee appointed pursuant to the Lead Securitization Servicing Agreement.

Lead Trustee means the Note A-1 Trustee.

Lead Trustee means the Board-designated Trustee among the independent Trustees, who will provide leadership for the independent Trustees in certain circumstances if the Chair is not independent;

Lead Trustee means the Board-designated trustee among the independent Trustees, who will provide leadership for the independent Trustees in certain circumstances if the Chairman is not independent, as more particularly described under “Governance and Management of the Fund – Governance and Board of Trustees”.

Lead Trustee means (a) during the period from and after the SGCMS 2016-C5 Securitization Date and prior to the Note A-2 Securitization Date, the SGCMS 2016-C5 Trustee and, (b) from and after the Note A-2 Securitization Date, the trustee designated under the Note A-1 Securitization.

Lead Trustee means (a) during the period from and after the LC24 Securitization Date and prior to the Note A-1 Securitization Date, the LC24 Trustee and (b) from and after the Note A-1 Securitization Date, the Note A-1 Trustee.