Major Decision definition

Major Decision means:

Major Decision shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

Major Decision. Collectively:

Examples of Major Decision in a sentence

• With respect to any Performing Serviced Loan, the Master Servicer, without the consent or consultation of the Special Servicer, the Operating Advisor and/or the Directing Holder, shall process and determine whether to consent to or approve any request by the related Mortgagor with respect to any action that is not (1) a Major Decision, (2) a Special Servicer Decision or (3) an action with respect to which the Special Servicer’s consent is required pursuant to Section 3.09 of this Agreement.

• With respect to each Major Decision regarding a Serviced Loan as to which any applicable Directing Holder has consent or consultation rights pursuant to this Section 6.09, the Special Servicer shall provide the related Major Decision Reporting Package to the applicable Directing Holder, simultaneously with the Special Servicer’s request for the applicable Directing Holder’s consent or input regarding the related Major Decision.

• With respect to each Major Decision regarding a Serviced Loan as to which any Risk Retention Consultation Party has consultation rights pursuant to this Section 6.09, the Special Servicer shall provide the related Major Decision Reporting Package to such Risk Retention Consultation Party, simultaneously with the Special Servicer’s request for such Risk Retention Consultation Party’s input regarding the related Major Decision.

• With respect to any modification, waiver, amendment, consent or other action that constitutes a Major Decision with regard to any Serviced Loan, the Special Servicer shall also obtain the consent of any applicable Directing Holder in accordance with Section 6.09(a) of this Agreement and shall consult with any applicable Consulting Parties (to the extent required pursuant to any related Co-Lender Agreement or pursuant to Section 3.21, Section 3.29, Section 6.09 or this Section 3.24).

• With respect to any action as to which the Special Servicer’s consent is required under this Agreement (including any Major Decision), the Servicer shall obtain the consent of the Special Servicer who, in turn, shall obtain the consent of any applicable Consenting Party prior to granting its approval to the Servicer to take such action.

More Definitions of Major Decision

Major Decision shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

Major Decision. Any of the following:

Major Decision shall have the meaning given to such term or any analogous term in the Lead Securitization Servicing Agreement; provided that, at any time that neither Note A-1 or Note A-2 is included in the Lead Securitization, “Major Decision” shall mean:

Major Decision. As defined in Section 6.07(a).

Major Decision shall have the meaning given to such term or any one or more analogous terms in the Servicing Agreement; provided that at any time that the Lead Securitization Note is no longer an asset of the trust fund created pursuant to the Lead Securitization Servicing Agreement, “Major Decision” shall mean:

Major Decision means any of the following:

Major Decision means, collectively: