Non-Lead Servicer definition
Examples of Non-Lead Servicer in a sentence
Each of the Servicer, Non-Lead Servicer and related Trustee is an intended third-party beneficiary of this Agreement.
Each Servicer shall be required pursuant to the Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Servicing Agreement and applicable law, shall provide information to each Non-Lead Servicer to enable such Non-Lead Servicer to perform its servicing duties under the related Non-Lead Servicing Agreement and shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.
Each Servicer, Non-Lead Servicer and related Trustee is an intended third-party beneficiary of this Agreement.
In addition, after the Note A-1 Securitization Date, the Note A-1 Holder shall send a copy of the Note A-1 PSA to the Depositor, the Non-Lead Servicer and the Non-Lead Special Servicer under the Note A-2 PSA (as of the Note A-1 Securitization Date) provided such party is not also a party to the Note A-1 PSA.
Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the Note A-1 Holder (nor the Servicer or Trustee on its behalf), the Note A-2 Holder (nor the Non-Lead Servicer or Non-Lead Trustee on its behalf) and the Note B Holder as a partnership, association, joint venture or other entity.
The Lead Servicer, each Non-Lead Servicer and any Trustee will be entitled to interest on any Advance made in the manner and from the sources provided in the Lead Securitization Servicing Agreement and each other Non-Lead Servicing Agreement, as applicable.
The Lead Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note and the related Non-Lead Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Lead Note, any other Non-Lead Note any or any Property Advance.
In addition, after the Note A-1 Securitization Date, the Note A-1 Holder shall send a copy of the Note A-1 PSA to the Depositor, the Non-Lead Servicer and the Non-Lead Special Servicer under the Note A-3-A PSA (as of the Note A-1 Securitization Date) provided such party is not also a party to the Note A-1 PSA.
Each of the Master Servicer, Special Servicer, the Trustee, any Non-Lead Servicer and any Non-Lead Trustee is an intended third-party beneficiary of this Agreement.
In addition, after the A-1 Notes Securitization Date, the A-1 Notes Holder shall send a copy of the A-1 Notes PSA to the Depositor, the Non-Lead Servicer and the Non-Lead Special Servicer under the UBS-C10 PSA (as of the A-1 Notes Securitization Date) provided such party is not also a party to the A-1 Notes PSA.