Litigation Control definition

Litigation Control. As defined in Section 3.32.
Litigation Control. As defined in Section 3.32(a) of this Agreement.
Litigation Control. As defined in Section 3.33(a).

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.

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.

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


More Definitions of Litigation Control

Litigation Control. As defined in Section 3.29.
Litigation Control has the meaning set forth in Section 9.34.
Litigation Control. As defined in Section 3.31.
Litigation Control. As defined in Section 2.03(i).
Litigation Control. As defined in Section 3.19(e).
Litigation Control. As defined in Section 3.35.
Litigation Control. As defined in Section 3.30.