Litigation Control definition

Litigation Control. As defined in Section 3.32(a) of this Agreement.

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Litigation Control. As defined in Section 3.32.

Litigation Control. As defined in Section 2.03(i).

Examples of Litigation Control in a sentence

• Such Litigation Control shall be carried out in accordance with the terms of this Agreement, including, without limitation, the Servicing Standard.

• Subject to the rights of the Subordinate Class Representative under this Section 3.32, nothing in this paragraph shall be interpreted to preclude either the applicable Master Servicer or the applicable Special Servicer, as applicable, from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

• Upon becoming aware of or being named in any claim or litigation that falls within the scope of Litigation Control and is of a material nature (a “Material Litigation Control Matter”), the applicable Special Servicer or Master Servicer shall promptly notify the Subordinate Class Representative (during a Subordinate Control Period or Collective Consultation Period) and the Trust Advisor (during any Collective Consultation Period and any Senior Consultation Period) of such claim or litigation.

• Nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

• Upon becoming aware of or being named in any claim or litigation that falls within the scope of Litigation Control and is of a material nature (a “Material Litigation Control Matter”), the Special Servicer or Master Servicer shall promptly notify the Subordinate Class Representative (during a Subordinate Control Period or Collective Consultation Period) and the Trust Advisor (during any Collective Consultation Period and any Senior Consultation Period) of such claim or litigation.

• Subject to the rights of the Subordinate Class Representative under this Section 3.32, nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer, as applicable, from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

• Nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Certificate Administrator, the Trustee or the Custodian, as applicable, or the Trust Fund.

• Notwithstanding the foregoing, each of the Special Servicer and the Master Servicer, as applicable, shall consult with and keep the Directing Certificateholder and the Trustee advised of any material development including without limitation (i) any material decision concerning Litigation Control and the implementation thereof and (ii) any decision to agree to or propose any terms of settlement, and shall submit any such development or decision to the Directing Certificateholder for its approval or consent.

• In addition, the Master Servicer shall prepare and submit a monthly status report regarding any Litigation Control matter to the Directing Certificateholder.

• In addition, the Master Servicer shall prepare and submit a monthly status report regarding any Litigation Control matter to Controlling Class Representative.

More Definitions of Litigation Control

Litigation Control has the meaning set forth in Section 9.34.

Litigation Control or similar provision in the PSA which would allow the special servicer to direct, manage, prosecute, defend and/or settle any claims and/or litigation against Wells Fargo shall include the following: (i) special servicer ▇▇▇▇▇ provide Wells Fargo with copies of any notices, process and/or pleadin▇▇ ▇▇bmitted and/or filed in any such action, suit, litigation or proceeding; (ii) Wells Fargo may retain its own counsel, whose reasonable costs ▇▇▇▇l be paid by the Trust, and appear in any action, suit, litigation or proceeding on its own behalf in order to represent, protect and defend its interests; and (iii) Wells Fargo shall have the right to approve or disapprove of a▇▇ ▇▇dgment, settlement, final order or decree that that may impose liability on Wells Fargo or otherwise materially and adversely affect Wells ▇▇▇▇o, including, but not limited to, damage to Wells Fa▇▇▇'▇ reputation as a master servicer.

Litigation Control or similar provision in the PSA which would allow the special servicer to direct, manage, prosecute, defend and/or settle any claims and/or litigation against ▇▇▇▇▇ Fargo shall include the following: (i) special servicer shall provide ▇▇▇▇▇ Fargo with copies of any notices, process and/or pleadings submitted and/or filed in any such action, suit, litigation or proceeding; (ii) ▇▇▇▇▇ Fargo may retain its own counsel, whose reasonable costs shall be paid by the Trust, and appear in any action, suit, litigation or proceeding on its own behalf in order to represent, protect and defend its interests; and (iii) ▇▇▇▇▇ Fargo shall have the right to approve or disapprove of any judgment, settlement, final order or decree that that may impose liability on ▇▇▇▇▇ Fargo or otherwise materially and adversely affect ▇▇▇▇▇ Fargo, including, but not limited to, damage to ▇▇▇▇▇ Fargo's reputation as a master servicer.