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.
Therefore, on a yearly basis there is an evaluation of whether the Diplomat remains in good standing (i.e. continues to be certified because he/she either meets the MOC requirements or has the warning note “not meeting MOC requirements”) or is no longer considered certified because he/she did not get enough hours/credits to meet the MOC requirements in the specified time period (i.e., “certificate lapsed”).
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 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.
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.
Suppose further that, concerning efficiency, a close second evacuation option is to walk out the door next to the window, with no more risk than the first option.
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.
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.